Sphere Entertainment Co Stock Market Value
| SPHR Stock | 40.22 0.82 2.00% |
| Symbol | Sphere |
Sphere Entertainment Price To Book Ratio
Is Movies & Entertainment 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 Sphere Entertainment. If investors know Sphere 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 Sphere Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (11.23) | Revenue Per Share 32.032 | Quarterly Revenue Growth 0.931 | Return On Assets (0.02) | Return On Equity (0.16) |
The market value of Sphere Entertainment is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Sphere Entertainment's 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 Sphere Entertainment's market value can be influenced by many factors that don't directly affect Sphere Entertainment's 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 Sphere Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere Entertainment'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.
Sphere 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 Sphere 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 Sphere Entertainment.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sphere Entertainment on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sphere Entertainment Co or generate 0.0% return on investment in Sphere Entertainment over 30 days. Sphere Entertainment is related to or competes with Ihuman, GoHealth, Aspen Insurance, Relx PLC, Aegon NV, and Scholastic. Sphere Entertainment is entity of United States More
Sphere 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 Sphere 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 Sphere Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.27 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 5.06 |
Sphere Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sphere Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sphere Entertainment's standard deviation. In reality, there are many statistical measures that can use Sphere Entertainment historical prices to predict the future Sphere Entertainment's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.21) |
Sphere Entertainment Backtested Returns
Sphere Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0431, which indicates the firm had a -0.0431% return per unit of risk over the last 3 months. Sphere Entertainment Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sphere Entertainment's Coefficient Of Variation of (1,094), risk adjusted performance of (0.06), and Variance of 8.1 to confirm the risk estimate we provide. The entity has a beta of 1.29, 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, Sphere Entertainment will likely underperform. At this point, Sphere Entertainment has a negative expected return of -0.12%. Please make sure to validate Sphere Entertainment's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Sphere Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Sphere Entertainment Co has below average predictability. Overlapping area represents the amount of predictability between Sphere Entertainment time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Sphere Entertainment price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Sphere Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Sphere Entertainment lagged returns against current returns
Autocorrelation, which is Sphere 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 Sphere Entertainment's stock expected returns. We can calculate the autocorrelation of Sphere Entertainment returns to help us make a trade decision. For example, suppose you find that Sphere 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 |
Sphere 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 Sphere Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sphere Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sphere Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Sphere Entertainment Lagged Returns
When evaluating Sphere Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sphere Entertainment stock have on its future price. Sphere 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, Sphere Entertainment autocorrelation shows the relationship between Sphere Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Sphere Entertainment Co.
Regressed Prices |
| Timeline |
Pair Trading with Sphere Entertainment
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 Sphere Entertainment 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 Sphere Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Sphere Stock
| 0.52 | T | ATT Inc Aggressive Push | PairCorr |
| 0.49 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.47 | CNK | Cinemark Holdings | PairCorr |
| 0.46 | Z | Zillow Group Class | PairCorr |
| 0.43 | DIS | Walt Disney Aggressive Push | PairCorr |
The ability to find closely correlated positions to Sphere Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere Entertainment 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 Sphere Entertainment - 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 Sphere Entertainment Co to buy it.
The correlation of Sphere Entertainment 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 Sphere Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere 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 Sphere Entertainment 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.Additional Tools for Sphere Stock Analysis
When running Sphere Entertainment's price analysis, check to measure Sphere 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 Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere 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 Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.