Evolution Gaming Pink Sheet Forecast - Simple Regression
| EVVTY Stock | USD 66.04 0.18 0.27% |
Evolution Pink Sheet outlook is based on your current time horizon.
At this time, the relative strength index (RSI) of Evolution Gaming's share price is approaching 45 suggesting that the pink sheet is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Evolution Gaming, making its price go up or down. Momentum 45
Impartial
Oversold | Overbought |
Using Evolution Gaming hype-based prediction, you can estimate the value of Evolution Gaming Group from the perspective of Evolution Gaming response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Evolution Gaming Group on the next trading day is expected to be 66.37 with a mean absolute deviation of 1.06 and the sum of the absolute errors of 65.59. Evolution Gaming after-hype prediction price | USD 66.04 |
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 pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Evolution |
Evolution Gaming Additional Predictive Modules
Most predictive techniques to examine Evolution price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Evolution using various technical indicators. When you analyze Evolution 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Evolution Gaming Simple Regression Price Forecast For the 28th of January
Given 90 days horizon, the Simple Regression forecasted value of Evolution Gaming Group on the next trading day is expected to be 66.37 with a mean absolute deviation of 1.06, mean absolute percentage error of 1.53, and the sum of the absolute errors of 65.59.Please note that although there have been many attempts to predict Evolution Pink Sheet prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Evolution Gaming's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Evolution Gaming Pink Sheet Forecast Pattern
| Backtest Evolution Gaming | Evolution Gaming Price Prediction | Buy or Sell Advice |
Evolution Gaming Forecasted Value
In the context of forecasting Evolution Gaming's Pink Sheet 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. Evolution Gaming's downside and upside margins for the forecasting period are 65.08 and 67.65, respectively. We have considered Evolution Gaming'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Evolution Gaming pink sheet data series using in forecasting. Note that when a statistical model is used to represent Evolution Gaming pink sheet, 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 | 120.3763 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0579 |
| MAPE | Mean absolute percentage error | 0.0158 |
| SAE | Sum of the absolute errors | 65.5878 |
Predictive Modules for Evolution Gaming
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Evolution Gaming. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evolution Gaming's 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.
Evolution Gaming After-Hype Price Density Analysis
As far as predicting the price of Evolution Gaming 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 Evolution Gaming 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 Pink Sheet prices, such as prices of Evolution Gaming, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Evolution Gaming Estimiated After-Hype Price Volatility
In the context of predicting Evolution Gaming's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Evolution Gaming's historical news coverage. Evolution Gaming's after-hype downside and upside margins for the prediction period are 64.75 and 67.33, respectively. We have considered Evolution Gaming'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Evolution Gaming is very steady at this time. Analysis and calculation of next after-hype price of Evolution Gaming is based on 3 months time horizon.
Evolution Gaming Pink Sheet Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Evolution Gaming is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Evolution Gaming 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 Pink Sheet 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 Evolution Gaming, 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 |
0.06 | 1.29 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
66.04 | 66.04 | 0.00 |
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Evolution Gaming Hype Timeline
Evolution Gaming is currently traded for 66.04. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Evolution is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at -0.06%. %. The volatility of related hype on Evolution Gaming is about 0.0%, with the expected price after the next announcement by competition of 66.04. The company has Price/Earnings To Growth (PEG) ratio of 1.36. Evolution Gaming last dividend was issued on the 5th of April 2023. The entity had 2499:1000 split on the 6th of June 2019. Assuming the 90 days horizon the next anticipated press release will be in a few days. Check out Historical Fundamental Analysis of Evolution Gaming to cross-verify your projections.Evolution Gaming Related Hype Analysis
Having access to credible news sources related to Evolution Gaming's direct competition is more important than ever and may enhance your ability to predict Evolution Gaming's future price movements. Getting to know how Evolution Gaming'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 Evolution Gaming may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SKHSY | Sekisui House Ltd | 0.00 | 0 per month | 1.24 | (0.01) | 1.95 | (2.26) | 6.59 | |
| SKHSF | Sekisui House | 0.00 | 0 per month | 3.48 | 0.01 | 6.58 | (5.79) | 14.95 | |
| PTAIF | PT Astra International | 0.00 | 0 per month | 0.00 | (0.09) | 0.00 | 0.00 | 12.70 | |
| ASEKY | Aisin Seiki Co | 0.00 | 0 per month | 0.00 | (0.03) | 4.45 | (5.21) | 22.52 | |
| ACCYY | Accor SA | 0.00 | 0 per month | 0.95 | 0.09 | 2.62 | (1.71) | 5.52 | |
| SHZHY | Shenzhou International Group | 0.00 | 0 per month | 0.00 | (0.06) | 4.21 | (4.50) | 14.52 | |
| CTTAF | Continental Aktiengesellschaft | 0.00 | 0 per month | 2.38 | 0.01 | 3.98 | (3.26) | 11.48 | |
| SVTMF | SM Investments | 0.00 | 0 per month | 0.00 | (0.37) | 0.00 | 0.00 | 3.09 | |
| CTTAY | Continental AG PK | 0.00 | 0 per month | 1.37 | 0.06 | 2.23 | (2.56) | 6.77 | |
| RKUNY | Rakuten Inc ADR | 0.00 | 0 per month | 0.00 | (0.05) | 3.00 | (3.48) | 17.15 |
Other Forecasting Options for Evolution Gaming
For every potential investor in Evolution, whether a beginner or expert, Evolution Gaming's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Evolution Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Evolution. Basic forecasting techniques help filter out the noise by identifying Evolution Gaming's price trends.Evolution Gaming 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 Evolution Gaming pink sheet to make a market-neutral strategy. Peer analysis of Evolution Gaming could also be used in its relative valuation, which is a method of valuing Evolution Gaming by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Evolution Gaming Market Strength Events
Market strength indicators help investors to evaluate how Evolution Gaming pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolution Gaming shares will generate the highest return on investment. By undertsting and applying Evolution Gaming pink sheet market strength indicators, traders can identify Evolution Gaming Group entry and exit signals to maximize returns.
Evolution Gaming Risk Indicators
The analysis of Evolution Gaming'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 Evolution Gaming's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting evolution pink sheet 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 | 1.07 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.36 |
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 Evolution Gaming
The number of cover stories for Evolution Gaming depends on current market conditions and Evolution Gaming's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Evolution Gaming 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 Evolution Gaming'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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Evolution Gaming Short Properties
Evolution Gaming's future price predictability will typically decrease when Evolution Gaming's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Evolution Gaming Group often depends not only on the future outlook of the potential Evolution Gaming'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. Evolution Gaming's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 221.8 M | |
| Cash And Short Term Investments | 421.4 M |
Additional Tools for Evolution Pink Sheet Analysis
When running Evolution Gaming's price analysis, check to measure Evolution Gaming'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 Evolution Gaming is operating at the current time. Most of Evolution Gaming's value examination focuses on studying past and present price action to predict the probability of Evolution Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Gaming's price. Additionally, you may evaluate how the addition of Evolution Gaming to your portfolios can decrease your overall portfolio volatility.