Sphere Ev To Free Cash Flow from 2010 to 2024
| SPHR Stock | 38.70 1.91 5.19% |
EV To Free Cash Flow | First Reported 2010-12-31 | Previous Quarter (7.01) | Current Value (6.66) | Quarterly Volatility 2.48367229 |
Check Sphere Entertainment financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sphere Entertainment's main balance sheet or income statement drivers, such as Depreciation And Amortization of 145.1 M, Total Revenue of 725.2 M or Gross Profit of 407.5 M, as well as many indicators such as Price To Sales Ratio of 0.98, Dividend Yield of 0.12 or PTB Ratio of 0.34. Sphere financial statements analysis is a perfect complement when working with Sphere Entertainment Valuation or Volatility modules.
Sphere | Ev To Free Cash Flow |
Latest Sphere Entertainment's Ev To Free Cash Flow Growth Pattern
Below is the plot of the Ev To Free Cash Flow of Sphere Entertainment Co over the last few years. It is a valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued. Sphere Entertainment's EV To Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sphere Entertainment's overall financial position and show how it may be relating to other accounts over time.
| Ev To Free Cash Flow | 10 Years Trend |
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Ev To Free Cash Flow |
| Timeline |
Sphere Ev To Free Cash Flow Regression Statistics
| Arithmetic Mean | (2.84) | |
| Coefficient Of Variation | (87.57) | |
| Mean Deviation | 1.66 | |
| Median | (3.44) | |
| Standard Deviation | 2.48 | |
| Sample Variance | 6.17 | |
| Range | 10.244 | |
| R-Value | (0.16) | |
| Mean Square Error | 6.47 | |
| R-Squared | 0.03 | |
| Significance | 0.57 | |
| Slope | (0.09) | |
| Total Sum of Squares | 86.36 |
Sphere Ev To Free Cash Flow History
About Sphere Entertainment Financial Statements
Sphere Entertainment shareholders use historical fundamental indicators, such as Ev To Free Cash Flow, to determine how well the company is positioned to perform in the future. Although Sphere Entertainment investors may analyze each financial statement separately, they are all interrelated. The changes in Sphere Entertainment's assets and liabilities, for example, are also reflected in the revenues and expenses on on Sphere Entertainment's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| EV To Free Cash Flow | (7.01) | (6.66) |
Pair Trading with Sphere Entertainment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Sphere Stock
Moving against Sphere Stock
| 0.75 | FOXA | Fox Corp Class | PairCorr |
| 0.75 | DIS | Walt Disney | PairCorr |
| 0.71 | CTV | Innovid Corp | PairCorr |
| 0.67 | SE | Sea | PairCorr |
| 0.64 | CNK | Cinemark Holdings | PairCorr |
The ability to find closely correlated positions to Sphere Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere Entertainment Co to buy it.
The correlation of Sphere Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sphere Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sphere Stock Analysis
When running Sphere Entertainment's price analysis, check to measure Sphere 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 Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere 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 Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.