Empire Global Gaming Stock Market Value
Empire Global's market value is the price at which a share of Empire Global trades on a public exchange. It measures the collective expectations of Empire Global Gaming investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Empire Global Gaming and determine expected loss or profit from investing in Empire Global over a given investment horizon. Check out Empire Global Correlation, Empire Global Volatility and Empire Global Alpha and Beta module to complement your research on Empire Global.
| Symbol | Empire |
Empire Global '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 Empire Global's 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 Empire Global.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Empire Global on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Global Gaming or generate 0.0% return on investment in Empire Global over 180 days. Empire Global is related to or competes with Light Wonder, Nasdaq, Vertiv Holdings, IONQ, PayPal Holdings, NVIDIA, and Microsoft. Empire Global Gaming, Inc. engages in gaming business worldwide More
Empire Global 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 Empire Global's 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 Empire Global Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 66.67 |
Empire Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Global's standard deviation. In reality, there are many statistical measures that can use Empire Global historical prices to predict the future Empire Global's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (2.26) | |||
| Treynor Ratio | (16.92) |
Empire Global Gaming Backtested Returns
Empire Global Gaming secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Empire Global Gaming exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Empire Global's Variance of 67.34, mean deviation of 1.99, and Standard Deviation of 8.21 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0603, which means not very significant fluctuations relative to the market. As returns on the market increase, Empire Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empire Global is expected to be smaller as well. At this point, Empire Global Gaming has a negative expected return of -2.65%. Please make sure to confirm Empire Global's coefficient of variation, as well as the relationship between the total risk alpha and skewness , to decide if Empire Global Gaming performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Empire Global Gaming has no correlation between past and present. Overlapping area represents the amount of predictability between Empire Global time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Empire Global Gaming price movement. The serial correlation of 0.0 indicates that just 0.0% of current Empire Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Empire Global Gaming lagged returns against current returns
Autocorrelation, which is Empire Global 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 Empire Global's pink sheet expected returns. We can calculate the autocorrelation of Empire Global returns to help us make a trade decision. For example, suppose you find that Empire Global 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 |
Empire Global 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 Empire Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Empire Global Lagged Returns
When evaluating Empire Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Global pink sheet have on its future price. Empire Global 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, Empire Global autocorrelation shows the relationship between Empire Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Empire Global Gaming.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Empire Pink Sheet
Empire Global financial ratios help investors to determine whether Empire 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 Empire with respect to the benefits of owning Empire Global security.