ENTAIN PLC (Germany) Market Value
| 6GI0 Stock | EUR 9.55 0.20 2.14% |
| Symbol | ENTAIN |
ENTAIN PLC '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 ENTAIN PLC'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 ENTAIN PLC.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ENTAIN PLC on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ENTAIN PLC UNSPADR1 or generate 0.0% return on investment in ENTAIN PLC over 30 days. ENTAIN PLC is related to or competes with SPARTAN STORES, Pick N, MARKET VECTR, Corporate Office, Vastned Retail, and American Eagle. Entain PLC, together with its subsidiaries, operates as a sports-betting and gaming company in the United Kingdom and in... More
ENTAIN PLC 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 ENTAIN PLC'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 ENTAIN PLC UNSPADR1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 4.44 |
ENTAIN PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENTAIN PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENTAIN PLC's standard deviation. In reality, there are many statistical measures that can use ENTAIN PLC historical prices to predict the future ENTAIN PLC's volatility.| Risk Adjusted Performance | 0.1401 | |||
| Jensen Alpha | 0.2441 | |||
| Total Risk Alpha | 0.0075 | |||
| Sortino Ratio | 0.1207 | |||
| Treynor Ratio | 0.3369 |
ENTAIN PLC UNSPADR1 Backtested Returns
ENTAIN PLC appears to be not too volatile, given 3 months investment horizon. ENTAIN PLC UNSPADR1 secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ENTAIN PLC UNSPADR1, which you can use to evaluate the volatility of the firm. Please utilize ENTAIN PLC's Market Risk Adjusted Performance of 0.3469, mean deviation of 1.76, and Downside Deviation of 2.2 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ENTAIN PLC holds a performance score of 12. The firm shows a Beta (market volatility) of 1.17, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ENTAIN PLC will likely underperform. Please check ENTAIN PLC's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether ENTAIN PLC's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
ENTAIN PLC UNSPADR1 has good predictability. Overlapping area represents the amount of predictability between ENTAIN PLC time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 ENTAIN PLC UNSPADR1 price movement. The serial correlation of 0.73 indicates that around 73.0% of current ENTAIN PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
ENTAIN PLC UNSPADR1 lagged returns against current returns
Autocorrelation, which is ENTAIN PLC 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 ENTAIN PLC's stock expected returns. We can calculate the autocorrelation of ENTAIN PLC returns to help us make a trade decision. For example, suppose you find that ENTAIN PLC 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 |
ENTAIN PLC 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 ENTAIN PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENTAIN PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENTAIN PLC stock over time.
Current vs Lagged Prices |
| Timeline |
ENTAIN PLC Lagged Returns
When evaluating ENTAIN PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENTAIN PLC stock have on its future price. ENTAIN PLC 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, ENTAIN PLC autocorrelation shows the relationship between ENTAIN PLC stock current value and its past values and can show if there is a momentum factor associated with investing in ENTAIN PLC UNSPADR1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ENTAIN Stock
ENTAIN PLC financial ratios help investors to determine whether ENTAIN Stock 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 ENTAIN with respect to the benefits of owning ENTAIN PLC security.