Cinemark Holdings Risk Analysis And Volatility Evaluation

CNK -- USA Stock  

USD 35.65  0.67  1.92%

Macroaxis considers Cinemark Holdings to be not too risky. Cinemark Holdings secures Sharpe Ratio (or Efficiency) of -0.1282 which signifies that Cinemark Holdings had -0.1282% of return per unit of risk over the last 1 month. 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 Risk Adjusted Performance of 0.08 and Mean Deviation of 1.01 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Cinemark Holdings Market Sensitivity

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.
One Month Beta |Analyze Cinemark Holdings Demand Trend
Check current 30 days Cinemark Holdings correlation with market (DOW)
β = 0.022
Cinemark Holdings Small BetaCinemark Holdings Beta Legend

Cinemark Holdings Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Cinemark Holdings Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, Cinemark Holdings has beta of 0.022 . This suggests as returns on market go up, Cinemark Holdings average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Cinemark Holdings will be expected to be much smaller as well. Additionally, Cinemark Holdings has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Cinemark Holdings is -779.94. The daily returns are destributed with a variance of 1.87 and standard deviation of 1.37. The mean deviation of Cinemark Holdings is currently at 1.04. For similar time horizon, the selected benchmark (DOW) has volatility of 0.59
α
Alpha over DOW
=0.21
β
Beta against DOW=0.022
σ
Overall volatility
=1.37
Ir
Information ratio =0.25

Actual Return Volatility

Cinemark Holdings has volatility of 1.3665% on return distribution over 30 days investment horizon. DOW inherits 0.5855% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Cinemark Holdings Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Barely shadows market

Investment Outlook

Cinemark Holdings Investment Opportunity
Cinemark Holdings has a volatility of 1.37 and is 2.32 times more volatile than DOW. 12% of all equities and portfolios are less risky than Cinemark Holdings. Compared to the overall equity markets, volatility of historical daily returns of Cinemark Holdings is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Cinemark Holdings to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Cinemark Holdings to be traded at $39.22 in 30 days. 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.

Cinemark Holdings correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Cinemark Holdings Inc and equity matching DJI index in the same portfolio.
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