11 Bit (Poland) Market Value
| 11B Stock | 246.00 2.00 0.82% |
| Symbol | 11B |
11 Bit '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 11 Bit'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 11 Bit.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in 11 Bit on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding 11 bit studios or generate 0.0% return on investment in 11 Bit over 30 days. 11 Bit is related to or competes with Medicalg, Mlk Foods, Play2Chill, and Ice Code. More
11 Bit 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 11 Bit'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 11 bit studios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 42.52 | |||
| Value At Risk | (7.06) | |||
| Potential Upside | 3.5 |
11 Bit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 11 Bit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 11 Bit's standard deviation. In reality, there are many statistical measures that can use 11 Bit historical prices to predict the future 11 Bit's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.39) | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | (1.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 11 Bit's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
11 bit studios Backtested Returns
11 bit studios retains Efficiency (Sharpe Ratio) of -0.23, which signifies that the company had a -0.23% return per unit of price deviation over the last 3 months. 11 Bit exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 11 Bit's Information Ratio of (0.26), variance of 29.21, and Market Risk Adjusted Performance of (1.37) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.93, which signifies possible diversification benefits within a given portfolio. 11 Bit returns are very sensitive to returns on the market. As the market goes up or down, 11 Bit is expected to follow. At this point, 11 bit studios has a negative expected return of -1.26%. Please make sure to confirm 11 Bit's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if 11 bit studios performance from the past will be repeated sooner or later.
Auto-correlation | -0.16 |
Insignificant reverse predictability
11 bit studios has insignificant reverse predictability. Overlapping area represents the amount of predictability between 11 Bit time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 11 bit studios price movement. The serial correlation of -0.16 indicates that over 16.0% of current 11 Bit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 136.49 |
11 bit studios lagged returns against current returns
Autocorrelation, which is 11 Bit 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 11 Bit's stock expected returns. We can calculate the autocorrelation of 11 Bit returns to help us make a trade decision. For example, suppose you find that 11 Bit 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 |
11 Bit 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 11 Bit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 11 Bit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 11 Bit stock over time.
Current vs Lagged Prices |
| Timeline |
11 Bit Lagged Returns
When evaluating 11 Bit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 11 Bit stock have on its future price. 11 Bit 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, 11 Bit autocorrelation shows the relationship between 11 Bit stock current value and its past values and can show if there is a momentum factor associated with investing in 11 bit studios.
Regressed Prices |
| Timeline |
Pair Trading with 11 Bit
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 11 Bit position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 11 Bit will appreciate offsetting losses from the drop in the long position's value.Moving together with 11B Stock
| 0.76 | CDR | CD PROJEKT SA Earnings Call This Week | PairCorr |
Moving against 11B Stock
| 0.62 | VVD | Vivid Games SA | PairCorr |
| 0.62 | LPP | LPP SA | PairCorr |
| 0.58 | JSW | Jastrzebska Spotka Earnings Call This Week | PairCorr |
| 0.51 | KGH | KGHM Polska Miedz | PairCorr |
The ability to find closely correlated positions to 11 Bit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 11 Bit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 11 Bit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 11 bit studios to buy it.
The correlation of 11 Bit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 11 Bit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 11 bit studios moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 11 Bit can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 11B Stock Analysis
When running 11 Bit's price analysis, check to measure 11 Bit'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 11 Bit is operating at the current time. Most of 11 Bit's value examination focuses on studying past and present price action to predict the probability of 11 Bit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 11 Bit's price. Additionally, you may evaluate how the addition of 11 Bit to your portfolios can decrease your overall portfolio volatility.