Nine Entertainment (Australia) Market Value
| NEC Stock | 1.28 0.01 0.79% |
| Symbol | Nine |
Nine 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 Nine 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 Nine Entertainment.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nine Entertainment on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Nine Entertainment Co or generate 0.0% return on investment in Nine Entertainment over 330 days. Nine Entertainment is related to or competes with Microequities Asset, National Storage, Hotel Property, and Australian Unity. Nine Entertainment is entity of Australia More
Nine 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 Nine 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 Nine Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.48 |
Nine Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nine Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nine Entertainment's standard deviation. In reality, there are many statistical measures that can use Nine Entertainment historical prices to predict the future Nine Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.095 |
Nine Entertainment Backtested Returns
Nine Entertainment has Sharpe Ratio of -0.01, which conveys that the firm had a -0.01% return per unit of risk over the last 3 months. Nine Entertainment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nine Entertainment's Risk Adjusted Performance of (0.01), standard deviation of 1.84, and Mean Deviation of 1.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nine Entertainment are expected to decrease at a much lower rate. During the bear market, Nine Entertainment is likely to outperform the market. At this point, Nine Entertainment has a negative expected return of -0.0185%. Please make sure to verify Nine Entertainment's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Nine Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Nine Entertainment Co has good predictability. Overlapping area represents the amount of predictability between Nine Entertainment time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Nine Entertainment price movement. The serial correlation of 0.77 indicates that around 77.0% of current Nine Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nine Entertainment lagged returns against current returns
Autocorrelation, which is Nine 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 Nine Entertainment's stock expected returns. We can calculate the autocorrelation of Nine Entertainment returns to help us make a trade decision. For example, suppose you find that Nine 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 |
Nine 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 Nine Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nine Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nine Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Nine Entertainment Lagged Returns
When evaluating Nine Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nine Entertainment stock have on its future price. Nine 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, Nine Entertainment autocorrelation shows the relationship between Nine Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Nine Entertainment Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nine Stock Analysis
When running Nine Entertainment's price analysis, check to measure Nine 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 Nine Entertainment is operating at the current time. Most of Nine Entertainment's value examination focuses on studying past and present price action to predict the probability of Nine 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 Nine Entertainment's price. Additionally, you may evaluate how the addition of Nine Entertainment to your portfolios can decrease your overall portfolio volatility.