Wynn Income Quality from 2010 to 2024
| WYNN Stock | USD 92.34 0.60 0.65% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.70943734 | Current Value 2.24 | Quarterly Volatility 0.94645879 |
Check Wynn Resorts financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wynn Resorts' main balance sheet or income statement drivers, such as Interest Expense of 789.1 M, Selling General Administrative of 1.1 B or Total Revenue of 3.7 B, as well as many indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.0079 or Days Sales Outstanding of 18.14. Wynn financial statements analysis is a perfect complement when working with Wynn Resorts Valuation or Volatility modules.
Wynn | Income Quality |
Latest Wynn Resorts' Income Quality Growth Pattern
Below is the plot of the Income Quality of Wynn Resorts Limited over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Wynn Resorts' Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Wynn Resorts' overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Wynn Income Quality Regression Statistics
| Arithmetic Mean | 1.52 | |
| Geometric Mean | 1.09 | |
| Coefficient Of Variation | 62.33 | |
| Mean Deviation | 0.76 | |
| Median | 1.67 | |
| Standard Deviation | 0.95 | |
| Sample Variance | 0.90 | |
| Range | 3.1083 | |
| R-Value | (0.05) | |
| Mean Square Error | 0.96 | |
| R-Squared | 0 | |
| Significance | 0.85 | |
| Slope | (0.01) | |
| Total Sum of Squares | 12.54 |
Wynn Income Quality History
About Wynn Resorts Financial Statements
Wynn Resorts investors utilize fundamental indicators, such as Income Quality, to predict how Wynn Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.71 | 2.24 |
Pair Trading with Wynn Resorts
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 Wynn Resorts 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 Wynn Resorts will appreciate offsetting losses from the drop in the long position's value.Moving together with Wynn Stock
Moving against Wynn Stock
| 0.83 | LNW | Light Wonder | PairCorr |
| 0.65 | IGT | International Game | PairCorr |
| 0.32 | ARKR | Ark Restaurants Corp | PairCorr |
| 0.32 | BLMN | Bloomin Brands | PairCorr |
| 0.31 | DNUT | Krispy Kreme | PairCorr |
The ability to find closely correlated positions to Wynn Resorts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wynn Resorts 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 Wynn Resorts - 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 Wynn Resorts Limited to buy it.
The correlation of Wynn Resorts 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 Wynn Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wynn Resorts Limited 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 Wynn Resorts 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 the analysis of Wynn Resorts Correlation against competitors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Hotels, Restaurants & Leisure space 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 Wynn Resorts. If investors know Wynn 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 Wynn Resorts 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 0.091 | Dividend Share 1 | Earnings Share 8.33 | Revenue Per Share 64.328 | Quarterly Revenue Growth 0.013 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' 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 Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' 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 Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' 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.