Entertainment Network (India) Market Value
| ENIL Stock | 180.02 0.16 0.09% |
| Symbol | Entertainment |
Entertainment Network '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 Entertainment Network'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 Entertainment Network.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Entertainment Network on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Entertainment Network Limited or generate 0.0% return on investment in Entertainment Network over 720 days. Entertainment Network is related to or competes with Orissa Minerals, DSJ Keep, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Entertainment Network is entity of India More
Entertainment Network 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 Entertainment Network'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 Entertainment Network Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.55 |
Entertainment Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entertainment Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entertainment Network's standard deviation. In reality, there are many statistical measures that can use Entertainment Network historical prices to predict the future Entertainment Network's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.36 |
Entertainment Network Backtested Returns
Entertainment Network secures Sharpe Ratio (or Efficiency) of -0.0753, which denotes the company had a -0.0753% return per unit of risk over the last 3 months. Entertainment Network Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entertainment Network's Variance of 8.5, standard deviation of 2.92, and Mean Deviation of 2.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Entertainment Network are expected to decrease at a much lower rate. During the bear market, Entertainment Network is likely to outperform the market. At this point, Entertainment Network has a negative expected return of -0.22%. Please make sure to confirm Entertainment Network's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Entertainment Network performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Entertainment Network Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Entertainment Network time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Entertainment Network price movement. The serial correlation of -0.67 indicates that around 67.0% of current Entertainment Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1462.65 |
Entertainment Network lagged returns against current returns
Autocorrelation, which is Entertainment Network 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 Entertainment Network's stock expected returns. We can calculate the autocorrelation of Entertainment Network returns to help us make a trade decision. For example, suppose you find that Entertainment Network 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 |
Entertainment Network 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 Entertainment Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entertainment Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entertainment Network stock over time.
Current vs Lagged Prices |
| Timeline |
Entertainment Network Lagged Returns
When evaluating Entertainment Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entertainment Network stock have on its future price. Entertainment Network 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, Entertainment Network autocorrelation shows the relationship between Entertainment Network stock current value and its past values and can show if there is a momentum factor associated with investing in Entertainment Network Limited.
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 Entertainment Stock Analysis
When running Entertainment Network's price analysis, check to measure Entertainment Network'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 Entertainment Network is operating at the current time. Most of Entertainment Network's value examination focuses on studying past and present price action to predict the probability of Entertainment Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entertainment Network's price. Additionally, you may evaluate how the addition of Entertainment Network to your portfolios can decrease your overall portfolio volatility.