Ese Entertainment Stock Market Value
| ESE Stock | CAD 0.07 0.01 7.14% |
| Symbol | ESE |
ESE Entertainment Price To Book Ratio
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 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.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in ESE Entertainment on December 8, 2023 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 360 days. ESE Entertainment is related to or competes with Enthusiast Gaming. ESTec Systems Corporation, through its subsidiaries, operates as a forensic and design engineering, and an electronics manufacturing company in Canada and the United States. 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 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.
| Downside Deviation | 9.35 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 37.22 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 12.5 |
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 | 0.0099 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (1.14) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0064 |
ESE Entertainment Backtested Returns
ESE Entertainment secures Sharpe Ratio (or Efficiency) of -0.0138, which denotes the company had a -0.0138% return per unit of return volatility over the last 3 months. ESE Entertainment exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ESE Entertainment's mean deviation of 4.14, and Downside Deviation of 9.35 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ESE Entertainment are expected to decrease at a much lower rate. During the bear market, ESE Entertainment is likely to outperform the market. At this point, ESE Entertainment has a negative expected return of -0.0951%. Please make sure to confirm ESE Entertainment's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if ESE Entertainment performance from the past will be repeated in the future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
ESE Entertainment has insignificant reverse predictability. Overlapping area represents the amount of predictability between ESE Entertainment time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 -0.16 indicates that over 16.0% of current ESE Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ESE Entertainment lagged returns against current returns
Autocorrelation, which is ESE Entertainment 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESE Entertainment 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 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 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 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 |
Thematic Opportunities
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Additional Tools for ESE Stock Analysis
When running ESE Entertainment's price analysis, check to measure ESE 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 ESE Entertainment is operating at the current time. Most of ESE Entertainment's value examination focuses on studying past and present price action to predict the probability of ESE 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 ESE Entertainment's price. Additionally, you may evaluate how the addition of ESE Entertainment to your portfolios can decrease your overall portfolio volatility.