Playside Studios (Australia) Market Value
| PLY Stock | 0.22 0.01 4.76% |
| Symbol | Playside |
Playside Studios '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 Playside Studios' 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 Playside Studios.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Playside Studios on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Playside Studios or generate 0.0% return on investment in Playside Studios over 30 days. Playside Studios is related to or competes with Sports Entertainment, ARN Media, Clime Investment, Autosports, Homeco Daily, and AiMedia Technologies. Playside Studios is entity of Australia. It is traded as Stock on AU exchange. More
Playside Studios 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 Playside Studios' 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 Playside Studios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 56.89 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 4.88 |
Playside Studios Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playside Studios' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playside Studios' standard deviation. In reality, there are many statistical measures that can use Playside Studios historical prices to predict the future Playside Studios' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | (1.10) |
Playside Studios Backtested Returns
Playside Studios maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14 % return per unit of risk over the last 3 months. Playside Studios exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Playside Studios' Risk Adjusted Performance of (0.1), coefficient of variation of (790.86), and Variance of 44.47 to confirm the risk estimate we provide. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Playside Studios' returns are expected to increase less than the market. However, during the bear market, the loss of holding Playside Studios is expected to be smaller as well. At this point, Playside Studios has a negative expected return of -0.97%. Please make sure to check Playside Studios' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Playside Studios performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Playside Studios has average predictability. Overlapping area represents the amount of predictability between Playside Studios time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Playside Studios price movement. The serial correlation of 0.47 indicates that about 47.0% of current Playside Studios price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Playside Studios lagged returns against current returns
Autocorrelation, which is Playside Studios 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 Playside Studios' stock expected returns. We can calculate the autocorrelation of Playside Studios returns to help us make a trade decision. For example, suppose you find that Playside Studios 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 |
Playside Studios 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 Playside Studios stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playside Studios stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playside Studios stock over time.
Current vs Lagged Prices |
| Timeline |
Playside Studios Lagged Returns
When evaluating Playside Studios' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playside Studios stock have on its future price. Playside Studios 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, Playside Studios autocorrelation shows the relationship between Playside Studios stock current value and its past values and can show if there is a momentum factor associated with investing in Playside Studios.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Playside Stock Analysis
When running Playside Studios' price analysis, check to measure Playside Studios' 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 Playside Studios is operating at the current time. Most of Playside Studios' value examination focuses on studying past and present price action to predict the probability of Playside Studios' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Playside Studios' price. Additionally, you may evaluate how the addition of Playside Studios to your portfolios can decrease your overall portfolio volatility.