Cinemark Holdings Stock Market Value
| CNK Stock | USD 17.71 0.12 0.67% |
| Symbol | Cinemark |
Cinemark Holdings Price To Book Ratio
Is Cinemark Holdings' 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 Cinemark Holdings. If investors know Cinemark 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 Cinemark Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Earnings Share 1.34 | Revenue Per Share 25.749 | Quarterly Revenue Growth 0.065 | Return On Assets 0.0481 |
The market value of Cinemark Holdings is measured differently than its book value, which is the value of Cinemark that is recorded on the company's balance sheet. Investors also form their own opinion of Cinemark Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cinemark Holdings' 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 Cinemark Holdings' market value can be influenced by many factors that don't directly affect Cinemark Holdings' 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 Cinemark Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cinemark Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cinemark Holdings' 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.
Cinemark Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cinemark Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cinemark Holdings.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Cinemark Holdings on May 1, 2023 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 360 days. Cinemark Holdings is related to or competes with Roku, Paramount Global, Warner Bros, and Paramount Global. Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business More
Cinemark Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cinemark Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cinemark Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.1309 | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.08 |
Cinemark Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cinemark Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cinemark Holdings' standard deviation. In reality, there are many statistical measures that can use Cinemark Holdings historical prices to predict the future Cinemark Holdings' volatility.| Risk Adjusted Performance | 0.1179 | |||
| Jensen Alpha | 0.269 | |||
| Total Risk Alpha | 0.0733 | |||
| Sortino Ratio | 0.1592 | |||
| Treynor Ratio | 0.3679 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cinemark Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cinemark Holdings Backtested Returns
Cinemark Holdings appears to be very steady, given 3 months investment horizon. Cinemark Holdings secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cinemark Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Cinemark Holdings' Mean Deviation of 1.63, risk adjusted performance of 0.1179, and Downside Deviation of 1.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cinemark Holdings holds a performance score of 14. The firm shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Cinemark Holdings returns are very sensitive to returns on the market. As the market goes up or down, Cinemark Holdings is expected to follow. Please check Cinemark Holdings' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Cinemark Holdings' price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Cinemark Holdings has below average predictability. Overlapping area represents the amount of predictability between Cinemark Holdings time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 2024. 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 0.37 indicates that just about 37.0% of current Cinemark Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
Cinemark Holdings lagged returns against current returns
Autocorrelation, which is Cinemark Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cinemark Holdings' stock expected returns. We can calculate the autocorrelation of Cinemark Holdings returns to help us make a trade decision. For example, suppose you find that Cinemark Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cinemark Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cinemark Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cinemark Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cinemark Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Cinemark Holdings Lagged Returns
When evaluating Cinemark Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cinemark Holdings stock have on its future price. Cinemark Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cinemark Holdings autocorrelation shows the relationship between Cinemark Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Cinemark Holdings.
Regressed Prices |
| Timeline |
Cinemark Holdings Investors Sentiment
The influence of Cinemark Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cinemark. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cinemark Holdings' public news can be used to forecast risks associated with an investment in Cinemark. The trend in average sentiment can be used to explain how an investor holding Cinemark can time the market purely based on public headlines and social activities around Cinemark Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cinemark Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cinemark Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cinemark Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cinemark Holdings.
Cinemark Holdings Implied Volatility | 50.11 |
Cinemark Holdings' implied volatility exposes the market's sentiment of Cinemark Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cinemark Holdings' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cinemark Holdings stock will not fluctuate a lot when Cinemark Holdings' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cinemark Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cinemark Holdings' short interest history, or implied volatility extrapolated from Cinemark Holdings options trading.
Pair Trading with Cinemark Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cinemark Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cinemark Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Cinemark Stock
| 0.9 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.9 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.8 | NFLX | Netflix Financial Report 17th of July 2024 | PairCorr |
Moving against Cinemark Stock
| 0.88 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.87 | ROKU | Roku Inc | PairCorr |
| 0.76 | TU | Telus Corp Earnings Call This Week | PairCorr |
| 0.75 | PARA | Paramount Global Class Earnings Call This Week | PairCorr |
| 0.73 | DLPN | Dolphin Entertainment | PairCorr |
The ability to find closely correlated positions to Cinemark Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cinemark Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cinemark Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cinemark Holdings to buy it.
The correlation of Cinemark Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cinemark Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cinemark Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cinemark Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cinemark Holdings Correlation, Cinemark Holdings Volatility and Cinemark Holdings Alpha and Beta module to complement your research on Cinemark Holdings. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Cinemark Stock analysis
When running Cinemark Holdings' price analysis, check to measure Cinemark Holdings' 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 Cinemark Holdings is operating at the current time. Most of Cinemark Holdings' value examination focuses on studying past and present price action to predict the probability of Cinemark Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cinemark Holdings' price. Additionally, you may evaluate how the addition of Cinemark Holdings to your portfolios can decrease your overall portfolio volatility.
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Cinemark Holdings 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.