MOVIE GAMES (Germany) Market Value
| 2LH Stock | EUR 3.48 0.09 2.52% |
| Symbol | MOVIE |
Please note, there is a significant difference between MOVIE GAMES's value and its price as these two are different measures arrived at by different means. Investors typically determine if MOVIE GAMES is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MOVIE GAMES's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MOVIE GAMES '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 MOVIE GAMES'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 MOVIE GAMES.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MOVIE GAMES on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MOVIE GAMES SA or generate 0.0% return on investment in MOVIE GAMES over 30 days. MOVIE GAMES is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
MOVIE GAMES 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 MOVIE GAMES'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 MOVIE GAMES SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 2.66 |
MOVIE GAMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MOVIE GAMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MOVIE GAMES's standard deviation. In reality, there are many statistical measures that can use MOVIE GAMES historical prices to predict the future MOVIE GAMES's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | 1.68 |
MOVIE GAMES SA Backtested Returns
MOVIE GAMES SA has Sharpe Ratio of -0.29, which conveys that the firm had a -0.29% return per unit of standard deviation over the last 3 months. MOVIE GAMES exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MOVIE GAMES's Market Risk Adjusted Performance of 1.69, risk adjusted performance of (0.24), and Mean Deviation of 1.41 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MOVIE GAMES are expected to decrease at a much lower rate. During the bear market, MOVIE GAMES is likely to outperform the market. At this point, MOVIE GAMES SA has a negative expected return of -0.56%. Please make sure to verify MOVIE GAMES's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if MOVIE GAMES SA performance from the past will be repeated at some future point.
Auto-correlation | 0.00 |
No correlation between past and present
MOVIE GAMES SA has no correlation between past and present. Overlapping area represents the amount of predictability between MOVIE GAMES time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 MOVIE GAMES SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current MOVIE GAMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
MOVIE GAMES SA lagged returns against current returns
Autocorrelation, which is MOVIE GAMES 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 MOVIE GAMES's stock expected returns. We can calculate the autocorrelation of MOVIE GAMES returns to help us make a trade decision. For example, suppose you find that MOVIE GAMES 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 |
MOVIE GAMES 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 MOVIE GAMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MOVIE GAMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MOVIE GAMES stock over time.
Current vs Lagged Prices |
| Timeline |
MOVIE GAMES Lagged Returns
When evaluating MOVIE GAMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MOVIE GAMES stock have on its future price. MOVIE GAMES 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, MOVIE GAMES autocorrelation shows the relationship between MOVIE GAMES stock current value and its past values and can show if there is a momentum factor associated with investing in MOVIE GAMES SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MOVIE Stock
MOVIE GAMES financial ratios help investors to determine whether MOVIE 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 MOVIE with respect to the benefits of owning MOVIE GAMES security.