Ese Entertainment Stock Market Value
| ENTEF Stock | USD 0.04 0 7.32% |
| Symbol | ESE |
ESE Entertainment '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 ESE Entertainment's otc 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 ESE Entertainment.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in ESE Entertainment on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding ESE Entertainment or generate 0.0% return on investment in ESE Entertainment over 60 days. ESE Entertainment is related to or competes with Roku, Color Star, LiveOne, Cineverse Corp, AMC Entertainment, and Manchester United. ESE Entertainment Inc., an entertainment and technology company, focuses on gaming and esports in Europe and internation... More
ESE Entertainment 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 ESE Entertainment's otc 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 ESE Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 32.57 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 9.52 |
ESE Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESE Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESE Entertainment's standard deviation. In reality, there are many statistical measures that can use ESE Entertainment historical prices to predict the future ESE Entertainment's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.99) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | (11.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESE Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ESE Entertainment Backtested Returns
ESE Entertainment secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of return volatility over the last 3 months. ESE Entertainment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ESE Entertainment's mean deviation of 4.95, and Standard Deviation of 6.77 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0892, which means not very significant fluctuations relative to the market. As returns on the market increase, ESE Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding ESE Entertainment is expected to be smaller as well. At this point, ESE Entertainment has a negative expected return of -0.86%. Please make sure to confirm ESE Entertainment's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if ESE Entertainment performance from the past will be repeated in the future.
Auto-correlation | 0.64 |
Good predictability
ESE Entertainment has good predictability. Overlapping area represents the amount of predictability between ESE Entertainment time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th 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 ESE Entertainment price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current ESE Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ESE Entertainment lagged returns against current returns
Autocorrelation, which is ESE Entertainment otc 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 ESE Entertainment's otc stock expected returns. We can calculate the autocorrelation of ESE Entertainment returns to help us make a trade decision. For example, suppose you find that ESE Entertainment has exhibited high autocorrelation historically, and you observe that the otc 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 |
ESE Entertainment 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 ESE Entertainment otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESE Entertainment otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESE Entertainment otc stock over time.
Current vs Lagged Prices |
| Timeline |
ESE Entertainment Lagged Returns
When evaluating ESE Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESE Entertainment otc stock have on its future price. ESE Entertainment 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, ESE Entertainment autocorrelation shows the relationship between ESE Entertainment otc stock current value and its past values and can show if there is a momentum factor associated with investing in ESE Entertainment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ESE OTC Stock
ESE Entertainment financial ratios help investors to determine whether ESE OTC 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 ESE with respect to the benefits of owning ESE Entertainment security.