Ballys Corp Stock Forward View
| BALY Stock | USD 14.73 0.01 0.07% |
Ballys Stock outlook is based on your current time horizon.
At this time the relative strength indicator of Ballys Corp's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 107 | EPS Estimate Next Quarter (0.94) | EPS Estimate Current Year (6.66) | EPS Estimate Next Year (2.00) | Wall Street Target Price 16.25 |
Using Ballys Corp hype-based prediction, you can estimate the value of Ballys Corp from the perspective of Ballys Corp response to recently generated media hype and the effects of current headlines on its competitors.
Ballys Relative Strength Index
The Naive Prediction forecasted value of Ballys Corp on the next trading day is expected to be 14.31 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 32.51.Ballys Corp Hype to Price Pattern
Investor biases related to Ballys Corp's public news can be used to forecast risks associated with an investment in Ballys. The trend in average sentiment can be used to explain how an investor holding Ballys can time the market purely based on public headlines and social activities around Ballys Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Ballys Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Ballys Corp.
The Naive Prediction forecasted value of Ballys Corp on the next trading day is expected to be 14.31 with a mean absolute deviation of 0.52 and the sum of the absolute errors of 32.51. Ballys Corp after-hype prediction price | USD 15.13 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Ballys Corp to cross-verify your projections. Ballys Corp Additional Predictive Modules
Most predictive techniques to examine Ballys price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Ballys using various technical indicators. When you analyze Ballys charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Ballys Corp's financial statements to predict how it will affect future prices.
Cash | First Reported 2017-12-31 | Previous Quarter 174.6 M | Current Value 239.9 M | Quarterly Volatility 354.6 M |
Ballys Corp Naive Prediction Price Forecast For the 6th of February
Given 90 days horizon, the Naive Prediction forecasted value of Ballys Corp on the next trading day is expected to be 14.31 with a mean absolute deviation of 0.52, mean absolute percentage error of 0.41, and the sum of the absolute errors of 32.51.Please note that although there have been many attempts to predict Ballys Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Ballys Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ballys Corp Stock Forecast Pattern
| Backtest Ballys Corp | Ballys Corp Price Prediction | Research Analysis |
Ballys Corp Forecasted Value
In the context of forecasting Ballys Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Ballys Corp's downside and upside margins for the forecasting period are 10.80 and 17.81, respectively. We have considered Ballys Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ballys Corp stock data series using in forecasting. Note that when a statistical model is used to represent Ballys Corp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.0509 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5243 |
| MAPE | Mean absolute percentage error | 0.0312 |
| SAE | Sum of the absolute errors | 32.5057 |
Predictive Modules for Ballys Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ballys Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Ballys Corp After-Hype Price Density Analysis
As far as predicting the price of Ballys Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Ballys Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Ballys Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Ballys Corp Estimiated After-Hype Price Volatility
In the context of predicting Ballys Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Ballys Corp's historical news coverage. Ballys Corp's after-hype downside and upside margins for the prediction period are 11.62 and 18.64, respectively. We have considered Ballys Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Ballys Corp is not too volatile at this time. Analysis and calculation of next after-hype price of Ballys Corp is based on 3 months time horizon.
Ballys Corp Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Ballys Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ballys Corp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Ballys Corp, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.32 | 3.51 | 0.40 | 0.01 | 9 Events / Month | 7 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
14.73 | 15.13 | 2.72 |
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Ballys Corp Hype Timeline
Ballys Corp is currently traded for 14.73. The entity has historical hype elasticity of 0.4, and average elasticity to hype of competition of -0.01. Ballys is expected to increase in value after the next headline, with the price projected to jump to 15.13 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 2.72%, whereas the daily expected return is currently at -0.32%. The volatility of related hype on Ballys Corp is about 20647.06%, with the expected price after the next announcement by competition of 14.72. Ballys Corp currently holds 4.94 B in liabilities with Debt to Equity (D/E) ratio of 2.84, implying the company greatly relies on financing operations through barrowing. Given the investment horizon of 90 days the next expected press release will be in about 9 days. Check out Historical Fundamental Analysis of Ballys Corp to cross-verify your projections.Ballys Corp Related Hype Analysis
Having access to credible news sources related to Ballys Corp's direct competition is more important than ever and may enhance your ability to predict Ballys Corp's future price movements. Getting to know how Ballys Corp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Ballys Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ACEL | Accel Entertainment | 0.23 | 9 per month | 1.33 | 0.08 | 2.73 | (2.10) | 7.30 | |
| CANG | Cango Inc | 0.20 | 9 per month | 0.00 | (0.11) | 10.83 | (7.64) | 25.75 | |
| SABR | Sabre Corpo | (0.09) | 9 per month | 0.00 | (0.21) | 4.51 | (7.46) | 17.17 | |
| LQDT | Liquidity Services | 0.65 | 8 per month | 1.54 | 0.15 | 3.68 | (3.49) | 16.86 | |
| SG | Sweetgreen | 0.07 | 11 per month | 3.84 | 0.02 | 5.99 | (6.54) | 23.70 | |
| GDEN | Golden Entertainment | (0.07) | 9 per month | 0.65 | 0.11 | 2.51 | (1.64) | 37.11 | |
| AXL | American Axle Manufacturing | (0.04) | 10 per month | 2.14 | 0.15 | 8.55 | (4.01) | 13.56 | |
| BJRI | BJs Restaurants | 0.18 | 11 per month | 1.22 | 0.21 | 4.29 | (2.81) | 21.89 | |
| CBRL | Cracker Barrel Old | (0.40) | 12 per month | 3.46 | 0 | 7.62 | (5.32) | 13.71 | |
| CSV | Carriage Services | (0.90) | 10 per month | 0.00 | (0.08) | 2.07 | (1.94) | 5.68 |
Other Forecasting Options for Ballys Corp
For every potential investor in Ballys, whether a beginner or expert, Ballys Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ballys Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ballys. Basic forecasting techniques help filter out the noise by identifying Ballys Corp's price trends.Ballys Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ballys Corp stock to make a market-neutral strategy. Peer analysis of Ballys Corp could also be used in its relative valuation, which is a method of valuing Ballys Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ballys Corp Market Strength Events
Market strength indicators help investors to evaluate how Ballys Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ballys Corp shares will generate the highest return on investment. By undertsting and applying Ballys Corp stock market strength indicators, traders can identify Ballys Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 16132.61 | |||
| Daily Balance Of Power | 0.0052 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 15.0 | |||
| Day Typical Price | 14.91 | |||
| Price Action Indicator | (0.26) | |||
| Period Momentum Indicator | 0.01 |
Ballys Corp Risk Indicators
The analysis of Ballys Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ballys Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ballys stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.84 | |||
| Standard Deviation | 3.58 | |||
| Variance | 12.84 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Ballys Corp
The number of cover stories for Ballys Corp depends on current market conditions and Ballys Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Ballys Corp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Ballys Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Ballys Corp Short Properties
Ballys Corp's future price predictability will typically decrease when Ballys Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Ballys Corp often depends not only on the future outlook of the potential Ballys Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ballys Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48.5 M | |
| Cash And Short Term Investments | 171.2 M |
Additional Tools for Ballys Stock Analysis
When running Ballys Corp's price analysis, check to measure Ballys Corp'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 Ballys Corp is operating at the current time. Most of Ballys Corp's value examination focuses on studying past and present price action to predict the probability of Ballys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballys Corp's price. Additionally, you may evaluate how the addition of Ballys Corp to your portfolios can decrease your overall portfolio volatility.