Six Flags Entertainment Stock Market Value
| FUN Stock | USD 46.19 0.20 0.43% |
| Symbol | Six |
Six Flags Entertainment Price To Book Ratio
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Six Flags. If investors know Six will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Six Flags listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Dividend Share 0.3 | Earnings Share 2.4 | Revenue Per Share 38.014 | Quarterly Revenue Growth 0.601 |
The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' 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.
Six Flags '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 Six Flags' 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 Six Flags.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Six Flags on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Six Flags Entertainment or generate 0.0% return on investment in Six Flags over 330 days. Six Flags is related to or competes with Planet Fitness, Madison Square, Mattel, Johnson Outdoors, Acushnet Holdings, OneSpaWorld Holdings, and Escalade Incorporated. Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States a... More
Six Flags 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 Six Flags' 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 Six Flags Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.54 |
Six Flags Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Six Flags' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Six Flags' standard deviation. In reality, there are many statistical measures that can use Six Flags historical prices to predict the future Six Flags' volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0716 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Six Flags' 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.
Six Flags Entertainment Backtested Returns
As of now, Six Stock is very steady. Six Flags Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0465, which indicates the firm had a 0.0465% return per unit of risk over the last 3 months. We have found thirty technical indicators for Six Flags Entertainment, which you can use to evaluate the volatility of the company. Please validate Six Flags' Semi Deviation of 2.01, coefficient of variation of 2147.54, and Risk Adjusted Performance of 0.0421 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Six Flags has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.28, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Six Flags will likely underperform. Six Flags Entertainment right now has a risk of 2.22%. Please validate Six Flags downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Six Flags will be following its existing price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Six Flags Entertainment has very weak reverse predictability. Overlapping area represents the amount of predictability between Six Flags time series from 7th of January 2024 to 20th of June 2024 and 20th 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 Six Flags Entertainment price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Six Flags price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 23.05 |
Six Flags Entertainment lagged returns against current returns
Autocorrelation, which is Six Flags 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 Six Flags' stock expected returns. We can calculate the autocorrelation of Six Flags returns to help us make a trade decision. For example, suppose you find that Six Flags 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 |
Six Flags 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 Six Flags stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Six Flags stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Six Flags stock over time.
Current vs Lagged Prices |
| Timeline |
Six Flags Lagged Returns
When evaluating Six Flags' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Six Flags stock have on its future price. Six Flags 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, Six Flags autocorrelation shows the relationship between Six Flags stock current value and its past values and can show if there is a momentum factor associated with investing in Six Flags Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Six Flags
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 Six Flags 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 Six Flags will appreciate offsetting losses from the drop in the long position's value.Moving together with Six Stock
Moving against Six Stock
| 0.57 | WING | Wingstop | PairCorr |
| 0.53 | QSR | Restaurant Brands | PairCorr |
| 0.51 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
The ability to find closely correlated positions to Six Flags could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Six Flags 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 Six Flags - 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 Six Flags Entertainment to buy it.
The correlation of Six Flags 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 Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags 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 Six Flags 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.Check out Six Flags Correlation, Six Flags Volatility and Six Flags Alpha and Beta module to complement your research on Six Flags. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Six Flags technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.