Entain Drc Plc Stock Market Value
| GMVHY Stock | USD 10.18 0.27 2.72% |
| Symbol | Entain |
Entain DRC '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 DRC'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 DRC.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Entain DRC on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Entain DRC PLC or generate 0.0% return on investment in Entain DRC over 30 days. Entain DRC is related to or competes with 888 Holdings, and PointsBet Holdings. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin online and ... More
Entain DRC 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 DRC'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 DRC PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.077 | |||
| Maximum Drawdown | 12.8 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 5.39 |
Entain DRC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entain DRC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entain DRC's standard deviation. In reality, there are many statistical measures that can use Entain DRC historical prices to predict the future Entain DRC's volatility.| Risk Adjusted Performance | 0.1064 | |||
| Jensen Alpha | 0.1772 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0861 | |||
| Treynor Ratio | 0.2785 |
Entain DRC PLC Backtested Returns
Entain DRC appears to be somewhat reliable, given 3 months investment horizon. Entain DRC PLC secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entain DRC PLC, which you can use to evaluate the volatility of the firm. Please utilize Entain DRC's Coefficient Of Variation of 769.14, mean deviation of 1.92, and Downside Deviation of 2.32 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Entain DRC holds a performance score of 11. The firm shows a Beta (market volatility) of 1.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Entain DRC will likely underperform. Please check Entain DRC's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Entain DRC's price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Entain DRC PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Entain DRC time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 DRC PLC price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Entain DRC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Entain DRC PLC lagged returns against current returns
Autocorrelation, which is Entain DRC 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 DRC's pink sheet expected returns. We can calculate the autocorrelation of Entain DRC returns to help us make a trade decision. For example, suppose you find that Entain DRC 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 DRC 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 DRC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entain DRC 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 DRC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Entain DRC Lagged Returns
When evaluating Entain DRC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entain DRC pink sheet have on its future price. Entain DRC 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 DRC autocorrelation shows the relationship between Entain DRC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Entain DRC PLC.
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 Entain Pink Sheet Analysis
When running Entain DRC's price analysis, check to measure Entain DRC'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 Entain DRC is operating at the current time. Most of Entain DRC's value examination focuses on studying past and present price action to predict the probability of Entain DRC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entain DRC's price. Additionally, you may evaluate how the addition of Entain DRC to your portfolios can decrease your overall portfolio volatility.