Spin Master Corp Stock Market Value
| TOY Stock | CAD 31.88 0.33 1.05% |
| Symbol | Spin |
Spin Master Corp Price To Book Ratio
Spin Master '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 Spin Master'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 Spin Master.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Spin Master on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Spin Master Corp or generate 0.0% return on investment in Spin Master over 360 days. Spin Master is related to or competes with Kinaxis, Premium Brands, Gildan Activewear, and CCL Industries. Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, p... More
Spin Master 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 Spin Master'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 Spin Master Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.31 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.23 |
Spin Master Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spin Master's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spin Master's standard deviation. In reality, there are many statistical measures that can use Spin Master historical prices to predict the future Spin Master's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0896 |
Spin Master Corp Backtested Returns
Spin Master Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0196, which indicates the firm had a -0.0196% return per unit of risk over the last 3 months. Spin Master Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spin Master's Coefficient Of Variation of 4184.8, risk adjusted performance of 0.0248, and Semi Deviation of 2.26 to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spin Master's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spin Master is expected to be smaller as well. At this point, Spin Master Corp has a negative expected return of -0.0423%. Please make sure to validate Spin Master's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Spin Master Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Spin Master Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Spin Master time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Spin Master Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Spin Master price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
Spin Master Corp lagged returns against current returns
Autocorrelation, which is Spin Master 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 Spin Master's stock expected returns. We can calculate the autocorrelation of Spin Master returns to help us make a trade decision. For example, suppose you find that Spin Master 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 |
Spin Master 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 Spin Master stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spin Master stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spin Master stock over time.
Current vs Lagged Prices |
| Timeline |
Spin Master Lagged Returns
When evaluating Spin Master's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spin Master stock have on its future price. Spin Master 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, Spin Master autocorrelation shows the relationship between Spin Master stock current value and its past values and can show if there is a momentum factor associated with investing in Spin Master Corp.
Regressed Prices |
| Timeline |
Other Information on Investing in Spin Stock
Spin Master financial ratios help investors to determine whether Spin Stock 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 Spin with respect to the benefits of owning Spin Master security.