Event Hospitality (Australia) Market Value
| EVT Stock | 11.28 0.01 0.09% |
| Symbol | Event |
Event Hospitality '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 Event Hospitality'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 Event Hospitality.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Event Hospitality on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Event Hospitality and or generate 0.0% return on investment in Event Hospitality over 30 days. Event Hospitality is related to or competes with Janison Education, Pinnacle Investment, Ainsworth Game, Environmental, Bluescope Steel, Skycity Entertainment, and Vulcan Steel. Event Hospitality is entity of Australia More
Event Hospitality 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 Event Hospitality'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 Event Hospitality and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.11 |
Event Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Event Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Event Hospitality's standard deviation. In reality, there are many statistical measures that can use Event Hospitality historical prices to predict the future Event Hospitality's volatility.| Risk Adjusted Performance | 0.04 | |||
| Jensen Alpha | 0.0624 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.06 |
Event Hospitality Backtested Returns
Currently, Event Hospitality and is not too volatile. Event Hospitality secures Sharpe Ratio (or Efficiency) of 0.0677, which denotes the company had a 0.0677% return per unit of risk over the last 3 months. We have found thirty technical indicators for Event Hospitality and, which you can use to evaluate the volatility of the firm. Please confirm Event Hospitality's Coefficient Of Variation of 2237.94, downside deviation of 1.73, and Mean Deviation of 1.41 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Event Hospitality has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0664, which means not very significant fluctuations relative to the market. As returns on the market increase, Event Hospitality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Event Hospitality is expected to be smaller as well. Event Hospitality right now shows a risk of 1.77%. Please confirm Event Hospitality semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Event Hospitality will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Event Hospitality and has average predictability. Overlapping area represents the amount of predictability between Event Hospitality time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Event Hospitality price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Event Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Event Hospitality lagged returns against current returns
Autocorrelation, which is Event Hospitality 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 Event Hospitality's stock expected returns. We can calculate the autocorrelation of Event Hospitality returns to help us make a trade decision. For example, suppose you find that Event Hospitality 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 |
Event Hospitality 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 Event Hospitality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Event Hospitality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Event Hospitality stock over time.
Current vs Lagged Prices |
| Timeline |
Event Hospitality Lagged Returns
When evaluating Event Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Event Hospitality stock have on its future price. Event Hospitality 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, Event Hospitality autocorrelation shows the relationship between Event Hospitality stock current value and its past values and can show if there is a momentum factor associated with investing in Event Hospitality and.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Event Stock Analysis
When running Event Hospitality's price analysis, check to measure Event Hospitality'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 Event Hospitality is operating at the current time. Most of Event Hospitality's value examination focuses on studying past and present price action to predict the probability of Event Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Event Hospitality's price. Additionally, you may evaluate how the addition of Event Hospitality to your portfolios can decrease your overall portfolio volatility.