Cinemark Holdings Backtesting

CNK -- USA Stock  

USD 36.78  0.06  0.16%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Cinemark Holdings and determine expected loss or profit from investing in Cinemark Holdings over given investment horizon. Check also Cinemark Holdings Hype Analysis, Cinemark Holdings Correlation, Cinemark Holdings Valuation, Cinemark Holdings Volatility as well as analyze Cinemark Holdings Alpha and Beta and Cinemark Holdings Performance.
 Time Horizon     30 Days    Login   to change

Cinemark Holdings 'What if' Analysis

July 15, 2018
No Change 0.00  0.0%
In 30 days
August 14, 2018
If you would invest  0.00  in Cinemark Holdings on July 15, 2018 and sell it all today you would earn a total of 0.00 from holding Cinemark Holdings or generate 0.0% return on investment in Cinemark Holdings over 30 days. Cinemark Holdings is related to or competes with Eros International, Discovery Communications, AMC Entertainment, CBS, Disney, and DOLBY LABORATORIE. Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business

Cinemark Holdings Upside/Downside Indicators

Downside Deviation1.44
Information Ratio0.0299
Maximum Drawdown6.21
Value At Risk1.96
Potential Upside2.82

Cinemark Holdings Market Premium Indicators

Risk Adjusted Performance0.0823
Jensen Alpha0.077
Total Risk Alpha0.0429
Sortino Ratio0.03
Treynor Ratio0.65

Cinemark Holdings Backtested Returns

We consider Cinemark Holdings not too risky. Cinemark Holdings secures Sharpe Ratio (or Efficiency) of 0.0954 which signifies that Cinemark Holdings had 0.0954% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Cinemark Holdings which you can use to evaluate future volatility of the firm. Please confirm Cinemark Holdings Downside Deviation of 1.44, Risk Adjusted Performance of 0.0823 and Mean Deviation of 1.05 to double-check if risk estimate we provide are consistent with the epected return of 0.1385%. Cinemark Holdings has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.113 which signifies that as returns on market increase, returns on owning Cinemark Holdings are expected to decrease at a much smaller rate. During bear market, Cinemark Holdings is likely to outperform the market.. Although it is extremely important to respect Cinemark Holdings historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Cinemark Holdings technical indicators you can presently evaluate if the expected return of 0.1385% will be sustainable into the future. Cinemark Holdings right now shows a risk of 1.4515%. Please confirm Cinemark Holdings Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Cinemark Holdings will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.56) 

Good reverse predictability

Cinemark Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Cinemark Holdings time series from July 15, 2018 to July 30, 2018 and July 30, 2018 to August 14, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cinemark Holdings price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Cinemark Holdings price fluctuation can be explain by its past prices. Given that Cinemark Holdings has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cinemark Holdings for similar time interval.
Correlation Coefficient -0.56
Spearman Rank Test -0.55
Price Variance 0.43
Lagged Price Variance 0.26

Cinemark Holdings lagged returns against current returns

 Current and Lagged Values 

Cinemark Holdings regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Cinemark Holdings Lagged Returns

 Regressed Prices 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Cinemark Holdings and Eros International Plc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Cinemark Holdings Hype Analysis, Cinemark Holdings Correlation, Cinemark Holdings Valuation, Cinemark Holdings Volatility as well as analyze Cinemark Holdings Alpha and Beta and Cinemark Holdings Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.