ELDORADO RESORTS INC Market Value
| 28470RAK8 | 102.38 0.75 0.74% |
| Symbol | ELDORADO |
ELDORADO '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 ELDORADO's bond 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 ELDORADO.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in ELDORADO on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding ELDORADO RESORTS INC or generate 0.0% return on investment in ELDORADO over 30 days. ELDORADO is related to or competes with Dominos Pizza, Sun Country, Old Dominion, Verra Mobility, Westrock Coffee, Lindblad Expeditions, and Skillful Craftsman. More
ELDORADO 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 ELDORADO's bond 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 ELDORADO RESORTS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5663 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.3824 |
ELDORADO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELDORADO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELDORADO's standard deviation. In reality, there are many statistical measures that can use ELDORADO historical prices to predict the future ELDORADO's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.20) |
ELDORADO RESORTS INC Backtested Returns
At this point, ELDORADO is very steady. ELDORADO RESORTS INC secures Sharpe Ratio (or Efficiency) of 0.0325, which denotes the bond had a 0.0325% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ELDORADO RESORTS INC, which you can use to evaluate the volatility of the entity. Please confirm ELDORADO's Downside Deviation of 0.5663, mean deviation of 0.2595, and Coefficient Of Variation of 15166.05 to check if the risk estimate we provide is consistent with the expected return of 0.0049%. The bond shows a Beta (market volatility) of 0.0284, which means not very significant fluctuations relative to the market. As returns on the market increase, ELDORADO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ELDORADO is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
ELDORADO RESORTS INC has good predictability. Overlapping area represents the amount of predictability between ELDORADO time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 ELDORADO RESORTS INC price movement. The serial correlation of 0.78 indicates that around 78.0% of current ELDORADO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ELDORADO RESORTS INC lagged returns against current returns
Autocorrelation, which is ELDORADO bond'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 ELDORADO's bond expected returns. We can calculate the autocorrelation of ELDORADO returns to help us make a trade decision. For example, suppose you find that ELDORADO has exhibited high autocorrelation historically, and you observe that the bond 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 |
ELDORADO 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 ELDORADO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELDORADO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELDORADO bond over time.
Current vs Lagged Prices |
| Timeline |
ELDORADO Lagged Returns
When evaluating ELDORADO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELDORADO bond have on its future price. ELDORADO 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, ELDORADO autocorrelation shows the relationship between ELDORADO bond current value and its past values and can show if there is a momentum factor associated with investing in ELDORADO RESORTS INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ELDORADO Bond
ELDORADO financial ratios help investors to determine whether ELDORADO Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ELDORADO with respect to the benefits of owning ELDORADO security.