Ese Entertainment Stock Market Value
| ESE Stock | CAD 0.07 0.01 6.67% |
| Symbol | ESE |
ESE Entertainment Price To Book Ratio
ESE 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 ESE 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 ESE Entertainment.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in ESE Entertainment on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding ESE Entertainment or generate 0.0% return on investment in ESE Entertainment over 390 days. ESE Entertainment is related to or competes with Enthusiast Gaming. ESTec Systems Corporation, through its subsidiaries, operates as a forensic and design engineering, and an electronics manufacturing company in Canada and the United States. More
ESE 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 ESE 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 ESE Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.01 | |||
| Information Ratio | 0.0093 | |||
| Maximum Drawdown | 37.22 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.0 |
ESE Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESE Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESE Entertainment's standard deviation. In reality, there are many statistical measures that can use ESE Entertainment historical prices to predict the future ESE Entertainment's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.2295 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | (0.43) |
ESE Entertainment Backtested Returns
At this stage we consider ESE Stock to be out of control. ESE Entertainment secures Sharpe Ratio (or Efficiency) of 0.0134, which denotes the company had a 0.0134% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ESE Entertainment, which you can use to evaluate the volatility of the firm. Please confirm ESE Entertainment's downside deviation of 9.01, and Mean Deviation of 3.78 to check if the risk estimate we provide is consistent with the expected return of 0.0848%. ESE Entertainment has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ESE Entertainment are expected to decrease at a much lower rate. During the bear market, ESE Entertainment is likely to outperform the market. ESE Entertainment now shows a risk of 6.35%. Please confirm ESE Entertainment information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if ESE Entertainment will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
ESE Entertainment has modest reverse predictability. Overlapping area represents the amount of predictability between ESE Entertainment time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 ESE Entertainment price movement. The serial correlation of -0.45 indicates that just about 45.0% of current ESE Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ESE Entertainment lagged returns against current returns
Autocorrelation, which is ESE 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 ESE Entertainment's stock expected returns. We can calculate the autocorrelation of ESE Entertainment returns to help us make a trade decision. For example, suppose you find that ESE 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 |
ESE 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 ESE Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESE Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESE Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
ESE Entertainment Lagged Returns
When evaluating ESE Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESE Entertainment stock have on its future price. ESE 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, ESE Entertainment autocorrelation shows the relationship between ESE Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in ESE Entertainment.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ESE Stock Analysis
When running ESE Entertainment's price analysis, check to measure ESE 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 ESE Entertainment is operating at the current time. Most of ESE Entertainment's value examination focuses on studying past and present price action to predict the probability of ESE 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 ESE Entertainment's price. Additionally, you may evaluate how the addition of ESE Entertainment to your portfolios can decrease your overall portfolio volatility.