Entain Plc Stock Market Value
| GMVHF Stock | USD 9.68 0.48 5.22% |
| Symbol | Entain |
Entain Plc '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 Entain Plc'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 Entain Plc.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Entain Plc on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Entain Plc or generate 0.0% return on investment in Entain Plc over 720 days. Entain Plc is related to or competes with 888 Holdings. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin online and ... More
Entain Plc 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 Entain Plc'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 Entain Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0357 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 6.98 |
Entain Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entain Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entain Plc's standard deviation. In reality, there are many statistical measures that can use Entain Plc historical prices to predict the future Entain Plc's volatility.| Risk Adjusted Performance | 0.0594 | |||
| Jensen Alpha | 0.1736 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | 0.4594 |
Entain Plc Backtested Returns
Entain Plc appears to be somewhat reliable, given 3 months investment horizon. Entain Plc secures Sharpe Ratio (or Efficiency) of 0.0942, which denotes the company had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entain Plc, which you can use to evaluate the volatility of the firm. Please utilize Entain Plc's Mean Deviation of 2.38, coefficient of variation of 1477.31, and Downside Deviation of 3.54 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Entain Plc holds a performance score of 7. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Entain Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entain Plc is expected to be smaller as well. Please check Entain Plc's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Entain Plc's price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Entain Plc has poor predictability. Overlapping area represents the amount of predictability between Entain Plc time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Entain Plc price movement. The serial correlation of 0.25 indicates that over 25.0% of current Entain Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Entain Plc lagged returns against current returns
Autocorrelation, which is Entain Plc 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 Entain Plc's pink sheet expected returns. We can calculate the autocorrelation of Entain Plc returns to help us make a trade decision. For example, suppose you find that Entain Plc 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 |
Entain Plc 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 Entain Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entain Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entain Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Entain Plc Lagged Returns
When evaluating Entain Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entain Plc pink sheet have on its future price. Entain Plc 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, Entain Plc autocorrelation shows the relationship between Entain Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Entain Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Entain Pink Sheet
Entain Plc financial ratios help investors to determine whether Entain 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 Entain with respect to the benefits of owning Entain Plc security.