Live Nation (UK) Market Value
| 0JVD Stock | 139.87 0.58 0.42% |
| Symbol | Live |
Live Nation '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 Live Nation'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 Live Nation.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Live Nation on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Live Nation Entertainment or generate 0.0% return on investment in Live Nation over 30 days. Live Nation is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Live Nation is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Live Nation 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 Live Nation'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 Live Nation Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.2673 | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 2.86 |
Live Nation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Live Nation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Live Nation's standard deviation. In reality, there are many statistical measures that can use Live Nation historical prices to predict the future Live Nation's volatility.| Risk Adjusted Performance | 0.2712 | |||
| Jensen Alpha | 0.4588 | |||
| Total Risk Alpha | 0.3016 | |||
| Sortino Ratio | 0.4211 | |||
| Treynor Ratio | 0.6629 |
Live Nation Entertainment Backtested Returns
Live Nation appears to be very steady, given 3 months investment horizon. Live Nation Entertainment has Sharpe Ratio of 0.35, which conveys that the firm had a 0.35% return per unit of risk over the last 3 months. By analyzing Live Nation's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise Live Nation's Downside Deviation of 1.05, risk adjusted performance of 0.2712, and Mean Deviation of 1.2 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Live Nation holds a performance score of 27. The company secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Live Nation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Live Nation is expected to be smaller as well. Please check Live Nation's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Live Nation's current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Live Nation Entertainment has good predictability. Overlapping area represents the amount of predictability between Live Nation time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Live Nation Entertainment price movement. The serial correlation of 0.69 indicates that around 69.0% of current Live Nation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 28.04 |
Live Nation Entertainment lagged returns against current returns
Autocorrelation, which is Live Nation 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 Live Nation's stock expected returns. We can calculate the autocorrelation of Live Nation returns to help us make a trade decision. For example, suppose you find that Live Nation 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 |
Live Nation 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 Live Nation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Live Nation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Live Nation stock over time.
Current vs Lagged Prices |
| Timeline |
Live Nation Lagged Returns
When evaluating Live Nation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Live Nation stock have on its future price. Live Nation 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, Live Nation autocorrelation shows the relationship between Live Nation stock current value and its past values and can show if there is a momentum factor associated with investing in Live Nation Entertainment.
Regressed Prices |
| Timeline |
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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.Additional Tools for Live Stock Analysis
When running Live Nation's price analysis, check to measure Live Nation'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 Live Nation is operating at the current time. Most of Live Nation's value examination focuses on studying past and present price action to predict the probability of Live Nation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Live Nation's price. Additionally, you may evaluate how the addition of Live Nation to your portfolios can decrease your overall portfolio volatility.