Cinemark Holdings Inc Backtested Returns
We consider Cinemark Holdings not too risky. Cinemark Holdings Inc
secures Sharpe Ratio (or Efficiency) of 0.0668 which signifies that Cinemark Holdings Inc
had 0.0668% 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 Inc which you can use to evaluate future volatility of the firm. Please confirm Cinemark Holdings Inc Risk Adjusted Performance
of (0.025056) and Mean Deviation of 1.13 to double-check if risk estimate we provide are consistent with the epected return of 0.0851%. Cinemark Holdings has performance score of 4 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.702 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 Inc 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 Inc technical indicators you can presently evaluate if the expected return of 0.0851% will be sustainable into the future. Cinemark Holdings Inc right now shows a risk of 1.2741%. Please confirm Cinemark Holdings Inc Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Cinemark Holdings Inc will be following its price patterns.
|15 days auto-correlation|| 0.3 |
Below average predictability
Cinemark Holdings Inc has below average predictability. Overlapping area represents the amount of predictability between Cinemark Holdings time series from December 24, 2017 to January 8, 2018 and January 8, 2018 to January 23, 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 Inc price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Cinemark Holdings price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.3|
|Spearman Rank Test|| -0.7|
|Price Variance|| 0.21|
|Lagged Price Variance|| 0.2|
Cinemark Holdings Lagged Returns