COAST ENTERTAINMENT (Australia) Market Value
| CEH Stock | 0.44 0.01 2.22% |
| Symbol | COAST |
COAST ENTERTAINMENT '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 COAST ENTERTAINMENT'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 COAST ENTERTAINMENT.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in COAST ENTERTAINMENT on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding COAST ENTERTAINMENT HOLDINGS or generate 0.0% return on investment in COAST ENTERTAINMENT over 420 days. COAST ENTERTAINMENT is related to or competes with Viva Leisure, IShares Global, Ridley, and Australian Agricultural. COAST ENTERTAINMENT is entity of Australia More
COAST ENTERTAINMENT 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 COAST ENTERTAINMENT'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 COAST ENTERTAINMENT HOLDINGS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.44 |
COAST ENTERTAINMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COAST ENTERTAINMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COAST ENTERTAINMENT's standard deviation. In reality, there are many statistical measures that can use COAST ENTERTAINMENT historical prices to predict the future COAST ENTERTAINMENT's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.7077 |
COAST ENTERTAINMENT Backtested Returns
COAST ENTERTAINMENT retains Efficiency (Sharpe Ratio) of -0.0243, which signifies that the company had a -0.0243% return per unit of risk over the last 3 months. COAST ENTERTAINMENT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COAST ENTERTAINMENT's market risk adjusted performance of 0.7177, and Variance of 7.24 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COAST ENTERTAINMENT are expected to decrease at a much lower rate. During the bear market, COAST ENTERTAINMENT is likely to outperform the market. At this point, COAST ENTERTAINMENT has a negative expected return of -0.0657%. Please make sure to confirm COAST ENTERTAINMENT's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if COAST ENTERTAINMENT performance from the past will be repeated in the future.
Auto-correlation | -0.45 |
Modest reverse predictability
COAST ENTERTAINMENT HOLDINGS has modest reverse predictability. Overlapping area represents the amount of predictability between COAST ENTERTAINMENT time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 COAST ENTERTAINMENT price movement. The serial correlation of -0.45 indicates that just about 45.0% of current COAST ENTERTAINMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COAST ENTERTAINMENT lagged returns against current returns
Autocorrelation, which is COAST ENTERTAINMENT 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 COAST ENTERTAINMENT's stock expected returns. We can calculate the autocorrelation of COAST ENTERTAINMENT returns to help us make a trade decision. For example, suppose you find that COAST ENTERTAINMENT 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 |
COAST ENTERTAINMENT 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 COAST ENTERTAINMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COAST ENTERTAINMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COAST ENTERTAINMENT stock over time.
Current vs Lagged Prices |
| Timeline |
COAST ENTERTAINMENT Lagged Returns
When evaluating COAST ENTERTAINMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COAST ENTERTAINMENT stock have on its future price. COAST ENTERTAINMENT 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, COAST ENTERTAINMENT autocorrelation shows the relationship between COAST ENTERTAINMENT stock current value and its past values and can show if there is a momentum factor associated with investing in COAST ENTERTAINMENT HOLDINGS.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for COAST Stock Analysis
When running COAST ENTERTAINMENT's price analysis, check to measure COAST ENTERTAINMENT'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 COAST ENTERTAINMENT is operating at the current time. Most of COAST ENTERTAINMENT's value examination focuses on studying past and present price action to predict the probability of COAST ENTERTAINMENT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COAST ENTERTAINMENT's price. Additionally, you may evaluate how the addition of COAST ENTERTAINMENT to your portfolios can decrease your overall portfolio volatility.