Cinemark Holdings Backtesting

Cinemark Holdings -- USA Stock  

USD 39.67  0.29  0.73%

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
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Backtest

Cinemark Holdings 'What if' Analysis

February 23, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
April 24, 2018
0.00
If you would invest  0.00  in Cinemark Holdings on February 23, 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 60 days. Cinemark Holdings is related to or competes with DISH Network, Electronic Arts, Viacom, Discovery Communications, Boyd Gaming, CBS, and CINEMARK HLDGS. Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business

Cinemark Holdings Upside/Downside Indicators

Downside Deviation1.58
Information Ratio0.043
Maximum Drawdown10.34
Value At Risk2.40
Potential Upside2.39
  

Cinemark Holdings Market Premium Indicators

Risk Adjusted Performance0.027
Jensen Alpha0.0241
Total Risk Alpha0.0787
Sortino Ratio0.0478
Treynor Ratio0.1676

Cinemark Holdings Backtested Returns

Macroaxis considers Cinemark Holdings to be not too volatile. Cinemark Holdings secures Sharpe Ratio (or Efficiency) of -0.0839 which signifies that Cinemark Holdings had -0.0839% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Cinemark Holdings exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cinemark Holdings Downside Deviation of 1.58, Risk Adjusted Performance of 0.027 and Mean Deviation of 1.25 to double-check risk estimate we provide. Macroaxis gives Cinemark Holdings performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1073 which signifies that as returns on market increase, Cinemark Holdings returns are expected to increase less than the market. However during bear market, the loss on holding Cinemark Holdings will be expected to be smaller as well.. Even though it is essential to pay attention to Cinemark Holdings historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Cinemark Holdings exposes twenty-one different technical indicators which can help you to evaluate its performance. Cinemark Holdings has expected return of -0.126%. Please be advised to confirm Cinemark Holdings Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Cinemark Holdings past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.81) 

Excellent reverse predictability

Cinemark Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between Cinemark Holdings time series from February 23, 2018 to March 25, 2018 and March 25, 2018 to April 24, 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 -0.81 indicates that around 81.0% 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 -0.81
Spearman Rank Test -0.78
Price Variance 0.68
Lagged Price Variance 2.13

Cinemark Holdings lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Cinemark Holdings regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Cinemark Holdings Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - CNK

Cinemark Holdings Investor Sentiment
Greater number of Macroaxis users are currently bullish on Cinemark Holdings. What is your opinion about investing in Cinemark Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.