Nine Entertainment (Australia) Market Value

NEC Stock   1.27  0.02  1.60%   
Nine Entertainment's market value is the price at which a share of Nine Entertainment trades on a public exchange. It measures the collective expectations of Nine Entertainment Co investors about its performance. Nine Entertainment is selling for under 1.27 as of the 9th of December 2024; that is 1.60 percent up since the beginning of the trading day. The stock's last reported lowest price was 1.25.
With this module, you can estimate the performance of a buy and hold strategy of Nine Entertainment Co and determine expected loss or profit from investing in Nine Entertainment over a given investment horizon. Check out Nine Entertainment Correlation, Nine Entertainment Volatility and Nine Entertainment Alpha and Beta module to complement your research on Nine Entertainment.
Symbol

Please note, there is a significant difference between Nine Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Nine Entertainment on November 9, 2024 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 30 days. Nine Entertainment is related to or competes with Aneka Tambang, Unibail Rodamco, Macquarie, Commonwealth Bank, Commonwealth Bank, and Commonwealth Bank. Nine Entertainment is entity of Australia 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.

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.
Hype
Prediction
LowEstimatedHigh
0.061.272.96
Details
Intrinsic
Valuation
LowRealHigh
0.051.042.73
Details
Naive
Forecast
LowNextHigh
0.021.212.90
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.040.040.04
Details

Nine Entertainment Backtested Returns

Currently, Nine Entertainment Co is very risky. Nine Entertainment has Sharpe Ratio of 0.0598, which conveys that the firm had a 0.0598% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nine Entertainment, which you can use to evaluate the volatility of the firm. Please verify Nine Entertainment's Mean Deviation of 1.26, risk adjusted performance of 0.033, and Downside Deviation of 1.64 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Nine Entertainment has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0376, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nine Entertainment are expected to decrease at a much lower rate. During the bear market, Nine Entertainment is likely to outperform the market. Nine Entertainment right now secures a risk of 1.69%. 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

    
  -0.13  

Insignificant reverse predictability

Nine Entertainment Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nine Entertainment time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 -0.13 indicates that less than 13.0% of current Nine Entertainment price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test0.33
Residual Average0.0
Price Variance0.0

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

Explore Investment 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.