Arena Hospitality (Croatia) Market Value
| ARNT Stock | 31.80 0.40 1.24% |
| Symbol | Arena |
Arena Hospitality '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 Hospitality'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 Hospitality.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Arena Hospitality on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Arena Hospitality Group or generate 0.0% return on investment in Arena Hospitality over 30 days. Arena Hospitality is related to or competes with AD Plastik, Hrvatska Postanska, Dalekovod, Podravka Prehrambena, and Zagrebacka Banka. More
Arena Hospitality 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 Hospitality'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 Hospitality Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.91 |
Arena Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arena Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arena Hospitality's standard deviation. In reality, there are many statistical measures that can use Arena Hospitality historical prices to predict the future Arena Hospitality's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (3.12) |
Arena Hospitality Backtested Returns
Arena Hospitality secures Sharpe Ratio (or Efficiency) of -0.0655, which signifies that the company had a -0.0655% return per unit of standard deviation over the last 3 months. Arena Hospitality Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arena Hospitality's mean deviation of 0.7381, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.028, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Arena Hospitality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Arena Hospitality is expected to be smaller as well. At this point, Arena Hospitality has a negative expected return of -0.0639%. Please make sure to confirm Arena Hospitality's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Arena Hospitality performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Arena Hospitality Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Arena Hospitality time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Arena Hospitality price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Arena Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Arena Hospitality lagged returns against current returns
Autocorrelation, which is Arena Hospitality 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 Hospitality's stock expected returns. We can calculate the autocorrelation of Arena Hospitality returns to help us make a trade decision. For example, suppose you find that Arena Hospitality 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 Hospitality 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 Hospitality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arena Hospitality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arena Hospitality stock over time.
Current vs Lagged Prices |
| Timeline |
Arena Hospitality Lagged Returns
When evaluating Arena Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arena Hospitality stock have on its future price. Arena Hospitality 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 Hospitality autocorrelation shows the relationship between Arena Hospitality stock current value and its past values and can show if there is a momentum factor associated with investing in Arena Hospitality Group.
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 Arena Stock Analysis
When running Arena Hospitality's price analysis, check to measure Arena Hospitality'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 Arena Hospitality is operating at the current time. Most of Arena Hospitality's value examination focuses on studying past and present price action to predict the probability of Arena Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arena Hospitality's price. Additionally, you may evaluate how the addition of Arena Hospitality to your portfolios can decrease your overall portfolio volatility.