Arena Group Holdings Stock Market Value
| AREN Stock | USD 1.55 0.04 2.65% |
| Symbol | Arena |
Arena Group Holdings Price To Book Ratio
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Arena Group. If investors know Arena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Arena Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 9.104 | Quarterly Revenue Growth (0.20) | Return On Assets (0.12) |
The market value of Arena Group Holdings is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Arena Group's market value can be influenced by many factors that don't directly affect Arena Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Arena Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arena Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group'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.
Arena Group '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 Arena Group'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 Arena Group.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Arena Group on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Arena Group Holdings or generate 0.0% return on investment in Arena Group over 660 days. Arena Group is related to or competes with Cerberus Cyber, Alta Equipment, AN2 Therapeutics, and KORE Group. The Arena Group Holdings, Inc., together with its subsidiaries, operates digital media platform the United States and in... More
Arena Group 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 Arena Group'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 Arena Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.18 | |||
| Information Ratio | 0.0852 | |||
| Maximum Drawdown | 221.79 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 8.7 |
Arena Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arena Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arena Group's standard deviation. In reality, there are many statistical measures that can use Arena Group historical prices to predict the future Arena Group's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 2.75 | |||
| Total Risk Alpha | (1.76) | |||
| Sortino Ratio | 0.359 | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arena Group'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.
Arena Group Holdings Backtested Returns
Arena Group is abnormally volatile given 3 months investment horizon. Arena Group Holdings secures Sharpe Ratio (or Efficiency) of 0.0907, which signifies that the company had a 0.0907% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.4% are justified by taking the suggested risk. Use Arena Group risk adjusted performance of 0.0789, and Mean Deviation of 7.56 to evaluate company specific risk that cannot be diversified away. Arena Group holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.39, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Arena Group are expected to decrease by larger amounts. On the other hand, during market turmoil, Arena Group is expected to outperform it. Use Arena Group potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on Arena Group.
Auto-correlation | 0.45 |
Average predictability
Arena Group Holdings has average predictability. Overlapping area represents the amount of predictability between Arena Group time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Arena Group Holdings price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Arena Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Arena Group Holdings lagged returns against current returns
Autocorrelation, which is Arena Group 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 Arena Group's stock expected returns. We can calculate the autocorrelation of Arena Group returns to help us make a trade decision. For example, suppose you find that Arena Group 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 |
Arena Group 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 Arena Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arena Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arena Group stock over time.
Current vs Lagged Prices |
| Timeline |
Arena Group Lagged Returns
When evaluating Arena Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arena Group stock have on its future price. Arena Group 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, Arena Group autocorrelation shows the relationship between Arena Group stock current value and its past values and can show if there is a momentum factor associated with investing in Arena Group Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Arena Group
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 Arena Group 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 Arena Group will appreciate offsetting losses from the drop in the long position's value.Moving against Arena Stock
The ability to find closely correlated positions to Arena Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Group 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 Arena Group - 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 Arena Group Holdings to buy it.
The correlation of Arena Group 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 Arena Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group Holdings 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 Arena Group 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.Check out Arena Group Correlation, Arena Group Volatility and Arena Group Alpha and Beta module to complement your research on Arena Group. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Arena Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.