888 Holdings Stock Market Value
| EIHDF Stock | USD 0.80 0.00 0.00% |
| Symbol | 888 |
888 Holdings '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 888 Holdings' pink sheet 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 888 Holdings.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in 888 Holdings on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding 888 Holdings or generate 0.0% return on investment in 888 Holdings over 510 days. 888 Holdings is related to or competes with Entain Plc, PointsBet Holdings, Kambi Group, Entain DRC, and Dixons Carphone. 888 Holdings plc, together with its subsidiaries, provides online betting and gaming products and solutions More
888 Holdings 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 888 Holdings' pink sheet 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 888 Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 20.93 |
888 Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 888 Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 888 Holdings' standard deviation. In reality, there are many statistical measures that can use 888 Holdings historical prices to predict the future 888 Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (7.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 888 Holdings' 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.
888 Holdings Backtested Returns
888 Holdings retains Efficiency (Sharpe Ratio) of -0.0777, which signifies that the company had a -0.0777% return per unit of price deviation over the last 3 months. 888 Holdings exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 888 Holdings' Information Ratio of (0.10), market risk adjusted performance of (7.87), and Variance of 9.19 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.024, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 888 Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding 888 Holdings is expected to be smaller as well. At this point, 888 Holdings has a negative expected return of -0.24%. Please make sure to confirm 888 Holdings' standard deviation and the relationship between the treynor ratio and day typical price , to decide if 888 Holdings performance from the past will be repeated sooner or later.
Auto-correlation | 0.63 |
Good predictability
888 Holdings has good predictability. Overlapping area represents the amount of predictability between 888 Holdings time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 888 Holdings price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current 888 Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
888 Holdings lagged returns against current returns
Autocorrelation, which is 888 Holdings pink sheet'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 888 Holdings' pink sheet expected returns. We can calculate the autocorrelation of 888 Holdings returns to help us make a trade decision. For example, suppose you find that 888 Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
888 Holdings 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 888 Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 888 Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 888 Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
888 Holdings Lagged Returns
When evaluating 888 Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 888 Holdings pink sheet have on its future price. 888 Holdings 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, 888 Holdings autocorrelation shows the relationship between 888 Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 888 Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 888 Pink Sheet
888 Holdings financial ratios help investors to determine whether 888 Pink Sheet 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 888 with respect to the benefits of owning 888 Holdings security.