Sphere Entertainment Co Stock Technical Analysis
SPHR Stock | 36.76 0.72 2.00% |
As of the 20th of May, Sphere Entertainment has the Coefficient Of Variation of (1,483), risk adjusted performance of (0.03), and Variance of 8.34. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sphere Entertainment, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyze and collected data for thirteen technical drivers for Sphere Entertainment Co, which can be compared to its competition. Please validate Sphere Entertainment standard deviation and value at risk to decide if Sphere Entertainment is priced more or less accurately, providing market reflects its prevalent price of 36.76 per share. Given that Sphere Entertainment has information ratio of (0.10), we advise you to double-check Sphere Entertainment Co's current market performance to make sure the company can sustain itself at a future point.
Sphere Entertainment Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sphere, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SphereSphere |
Sphere Entertainment Analyst Consensus
Target Price | Advice | # of Analysts | |
31.33 | Buy | 7 | Odds |
Most Sphere analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sphere stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sphere Entertainment, talking to its executives and customers, or listening to Sphere conference calls.
Sphere Entertainment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Sphere Entertainment Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sphere Entertainment volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sphere Entertainment Trend Analysis
Use this graph to draw trend lines for Sphere Entertainment Co. You can use it to identify possible trend reversals for Sphere Entertainment as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sphere Entertainment price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sphere Entertainment Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sphere Entertainment Co applied against its price change over selected period. The best fit line has a slop of 0.16 , which may suggest that Sphere Entertainment Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 935.48, which is the sum of squared deviations for the predicted Sphere Entertainment price change compared to its average price change.About Sphere Entertainment Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sphere Entertainment Co on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sphere Entertainment Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sphere Entertainment price pattern first instead of the macroeconomic environment surrounding Sphere Entertainment. By analyzing Sphere Entertainment's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sphere Entertainment's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sphere Entertainment specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 (projected) | Dividend Yield | 0.00271 | 0.13 | 0.12 | Price To Sales Ratio | 1.36 | 1.65 | 1.49 |
Sphere Entertainment May 20, 2024 Technical Indicators
Most technical analysis of Sphere help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sphere from various momentum indicators to cycle indicators. When you analyze Sphere charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.03) | |||
Market Risk Adjusted Performance | (0.09) | |||
Mean Deviation | 2.13 | |||
Coefficient Of Variation | (1,483) | |||
Standard Deviation | 2.89 | |||
Variance | 8.34 | |||
Information Ratio | (0.10) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | (0.1) | |||
Maximum Drawdown | 13.7 | |||
Value At Risk | (4.45) | |||
Potential Upside | 6.15 | |||
Skewness | 0.8597 | |||
Kurtosis | 1.25 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Sphere Entertainment information on this page should be used as a complementary analysis to other Sphere Entertainment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary 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.
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Is Sphere Entertainment's industry 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 5.99 | Revenue Per Share 25.14 | Quarterly Revenue Growth 0.983 | Return On Assets (0.03) | Return On Equity 0.0893 |
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.