Pointsbet Holdings (Australia) Market Value
| PBH Stock | 1.04 0.01 0.97% |
| Symbol | Pointsbet |
Pointsbet Holdings '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 Pointsbet Holdings' 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 Pointsbet Holdings.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pointsbet Holdings on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pointsbet Holdings or generate 0.0% return on investment in Pointsbet Holdings over 30 days. Pointsbet Holdings is related to or competes with Sonic Healthcare, Autosports, Aspire Mining, Oceania Healthcare, Oneview Healthcare, and Perseus Mining. Pointsbet Holdings is entity of Australia More
Pointsbet Holdings 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 Pointsbet Holdings' 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 Pointsbet Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.2801 | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 8.86 |
Pointsbet Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pointsbet Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pointsbet Holdings' standard deviation. In reality, there are many statistical measures that can use Pointsbet Holdings historical prices to predict the future Pointsbet Holdings' volatility.| Risk Adjusted Performance | 0.2484 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | 0.5972 | |||
| Sortino Ratio | 0.3294 | |||
| Treynor Ratio | (1.26) |
Pointsbet Holdings Backtested Returns
Pointsbet Holdings is extremely dangerous given 3 months investment horizon. Pointsbet Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use Pointsbet Holdings Semi Deviation of 1.98, coefficient of variation of 318.65, and Risk Adjusted Performance of 0.2484 to evaluate company specific risk that cannot be diversified away. Pointsbet Holdings holds a performance score of 25 on a scale of zero to a hundred. The company holds a Beta of -0.92, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Pointsbet Holdings are expected to decrease slowly. On the other hand, during market turmoil, Pointsbet Holdings is expected to outperform it slightly. Use Pointsbet Holdings jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Pointsbet Holdings.
Auto-correlation | 0.87 |
Very good predictability
Pointsbet Holdings has very good predictability. Overlapping area represents the amount of predictability between Pointsbet Holdings time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Pointsbet Holdings price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Pointsbet Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pointsbet Holdings lagged returns against current returns
Autocorrelation, which is Pointsbet Holdings 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 Pointsbet Holdings' stock expected returns. We can calculate the autocorrelation of Pointsbet Holdings returns to help us make a trade decision. For example, suppose you find that Pointsbet Holdings 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 |
Pointsbet Holdings 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 Pointsbet Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pointsbet Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pointsbet Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Pointsbet Holdings Lagged Returns
When evaluating Pointsbet Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pointsbet Holdings stock have on its future price. Pointsbet Holdings 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, Pointsbet Holdings autocorrelation shows the relationship between Pointsbet Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Pointsbet Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pointsbet Stock Analysis
When running Pointsbet Holdings' price analysis, check to measure Pointsbet Holdings' 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 Pointsbet Holdings is operating at the current time. Most of Pointsbet Holdings' value examination focuses on studying past and present price action to predict the probability of Pointsbet Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pointsbet Holdings' price. Additionally, you may evaluate how the addition of Pointsbet Holdings to your portfolios can decrease your overall portfolio volatility.