SportsHero (Australia) Market Value
| SHO Stock | 0.02 0 11.11% |
| Symbol | SportsHero |
SportsHero '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 SportsHero'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 SportsHero.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SportsHero on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SportsHero or generate 0.0% return on investment in SportsHero over 30 days. SportsHero is related to or competes with Westpac Banking, IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. SportsHero is entity of Australia. It is traded as Stock on AU exchange. More
SportsHero 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 SportsHero'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 SportsHero upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.41 | |||
| Information Ratio | 0.2757 | |||
| Maximum Drawdown | 43.27 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 14.29 |
SportsHero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SportsHero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SportsHero's standard deviation. In reality, there are many statistical measures that can use SportsHero historical prices to predict the future SportsHero's volatility.| Risk Adjusted Performance | 0.2347 | |||
| Jensen Alpha | 1.81 | |||
| Total Risk Alpha | 0.8879 | |||
| Sortino Ratio | 0.1852 | |||
| Treynor Ratio | 1.08 |
SportsHero Backtested Returns
SportsHero is out of control given 3 months investment horizon. SportsHero owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.84% are justified by taking the suggested risk. Use SportsHero Risk Adjusted Performance of 0.2347, coefficient of variation of 338.58, and Semi Deviation of 2.99 to evaluate company specific risk that cannot be diversified away. SportsHero holds a performance score of 21 on a scale of zero to a hundred. The entity has a beta of 1.9, 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, SportsHero will likely underperform. Use SportsHero total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on SportsHero.
Auto-correlation | -0.16 |
Insignificant reverse predictability
SportsHero has insignificant reverse predictability. Overlapping area represents the amount of predictability between SportsHero time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 SportsHero price movement. The serial correlation of -0.16 indicates that over 16.0% of current SportsHero price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SportsHero lagged returns against current returns
Autocorrelation, which is SportsHero 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 SportsHero's stock expected returns. We can calculate the autocorrelation of SportsHero returns to help us make a trade decision. For example, suppose you find that SportsHero 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 |
SportsHero 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 SportsHero stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SportsHero stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SportsHero stock over time.
Current vs Lagged Prices |
| Timeline |
SportsHero Lagged Returns
When evaluating SportsHero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SportsHero stock have on its future price. SportsHero 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, SportsHero autocorrelation shows the relationship between SportsHero stock current value and its past values and can show if there is a momentum factor associated with investing in SportsHero.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SportsHero Stock Analysis
When running SportsHero's price analysis, check to measure SportsHero'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 SportsHero is operating at the current time. Most of SportsHero's value examination focuses on studying past and present price action to predict the probability of SportsHero's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SportsHero's price. Additionally, you may evaluate how the addition of SportsHero to your portfolios can decrease your overall portfolio volatility.