Nine Entertainment (Australia) Market Value
| NEC Stock | 1.25 0.01 0.79% |
| Symbol | Nine |
Nine Entertainment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nine Entertainment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nine Entertainment.
| 12/11/2023 |
| 12/05/2024 |
If you would invest 0.00 in Nine Entertainment on December 11, 2023 and sell it all today you would earn a total of 0.00 from holding Nine Entertainment Co or generate 0.0% return on investment in Nine Entertainment over 360 days. Nine Entertainment is related to or competes with Pengana Private, PM Capital, Macquarie Group, Wam Leaders, and Staude Capital. More
Nine Entertainment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nine Entertainment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nine Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.48 |
Nine Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nine Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nine Entertainment's standard deviation. In reality, there are many statistical measures that can use Nine Entertainment historical prices to predict the future Nine Entertainment's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 1.61 |
Nine Entertainment Backtested Returns
Currently, Nine Entertainment Co is very risky. Nine Entertainment has Sharpe Ratio of 0.0229, which conveys that the firm had a 0.0229% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nine Entertainment, which you can use to evaluate the volatility of the firm. Please verify Nine Entertainment's Downside Deviation of 1.64, mean deviation of 1.26, and Risk Adjusted Performance of 0.0171 to check out if the risk estimate we provide is consistent with the expected return of 0.0389%. Nine Entertainment has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0101, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nine Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nine Entertainment is expected to be smaller as well. Nine Entertainment right now secures a risk of 1.7%. Please verify Nine Entertainment Co jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Nine Entertainment Co will be following its current price movements.
Auto-correlation | 0.74 |
Good predictability
Nine Entertainment Co has good predictability. Overlapping area represents the amount of predictability between Nine Entertainment time series from 11th of December 2023 to 8th of June 2024 and 8th of June 2024 to 5th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nine Entertainment price movement. The serial correlation of 0.74 indicates that around 74.0% of current Nine Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nine Entertainment lagged returns against current returns
Autocorrelation, which is Nine Entertainment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nine Entertainment's stock expected returns. We can calculate the autocorrelation of Nine Entertainment returns to help us make a trade decision. For example, suppose you find that Nine Entertainment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nine Entertainment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nine Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nine Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nine Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Nine Entertainment Lagged Returns
When evaluating Nine Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nine Entertainment stock have on its future price. Nine Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nine Entertainment autocorrelation shows the relationship between Nine Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Nine Entertainment Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nine Stock Analysis
When running Nine Entertainment's price analysis, check to measure Nine Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nine Entertainment is operating at the current time. Most of Nine Entertainment's value examination focuses on studying past and present price action to predict the probability of Nine Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Entertainment's price. Additionally, you may evaluate how the addition of Nine Entertainment to your portfolios can decrease your overall portfolio volatility.