International Game (Germany) Probability of Future Stock Price Finishing Under 16.35
| 7IG Stock | EUR 18.40 0.70 3.95% |
International |
International Game Target Price Odds to finish below 16.35
The tendency of International Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to € 16.35 or more in 90 days |
| 18.40 | 90 days | 16.35 | near 1 |
Based on a normal probability distribution, the odds of International Game to drop to € 16.35 or more in 90 days from now is near 1 (This International Game Technology probability density function shows the probability of International Stock to fall within a particular range of prices over 90 days) . Probability of International Game price to stay between € 16.35 and its current price of €18.4 at the end of the 90-day period is about 33.57 .
Assuming the 90 days horizon International Game has a beta of 0.17. This suggests as returns on the market go up, International Game average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding International Game Technology will be expected to be much smaller as well. Additionally International Game Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. International Game Price Density |
| Price |
Predictive Modules for International Game
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as International Game. 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.International Game Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. International Game is not an exception. The market had few large corrections towards the International Game's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold International Game Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of International Game within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.59 | |
Ir | Information ratio | -0.11 |
International Game Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of International Game for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for International Game can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| International Game generated a negative expected return over the last 90 days | |
| International Game has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| International Game Technology has accumulated 6.48 B in total debt with debt to equity ratio (D/E) of 321.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. International Game has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist International Game until it has trouble settling it off, either with new capital or with free cash flow. So, International Game's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like International Game sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for International to invest in growth at high rates of return. When we think about International Game's use of debt, we should always consider it together with cash and equity. | |
| About 48.0% of International Game shares are owned by insiders or employees |
International Game Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of International Stock often depends not only on the future outlook of the current and potential International Game'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. International Game's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 205.2 M |
International Game Technical Analysis
International Game's future price can be derived by breaking down and analyzing its technical indicators over time. International Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of International Game Technology. In general, you should focus on analyzing International Stock price patterns and their correlations with different microeconomic environments and drivers.
International Game Predictive Forecast Models
International Game's time-series forecasting models is one of many International Game's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary International Game's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about International Game
Checking the ongoing alerts about International Game for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for International Game help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| International Game generated a negative expected return over the last 90 days | |
| International Game has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| International Game Technology has accumulated 6.48 B in total debt with debt to equity ratio (D/E) of 321.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. International Game has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist International Game until it has trouble settling it off, either with new capital or with free cash flow. So, International Game's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like International Game sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for International to invest in growth at high rates of return. When we think about International Game's use of debt, we should always consider it together with cash and equity. | |
| About 48.0% of International Game shares are owned by insiders or employees |
Additional Information and Resources on Investing in International Stock
When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:Check out International Game Backtesting, International Game Valuation, International Game Correlation, International Game Hype Analysis, International Game Volatility, International Game History as well as International Game Performance. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.