Ballys Corp Stock Probability of Future Stock Price Finishing Over 18.06
| BALY Stock | USD 17.73 0.03 0.17% |
Ballys |
Ballys Corp Target Price Odds to finish over 18.06
The tendency of Ballys 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 move over $ 18.06 or more in 90 days |
| 17.73 | 90 days | 18.06 | near 1 |
Based on a normal probability distribution, the odds of Ballys Corp to move over $ 18.06 or more in 90 days from now is near 1 (This Ballys Corp probability density function shows the probability of Ballys Stock to fall within a particular range of prices over 90 days) . Probability of Ballys Corp price to stay between its current price of $ 17.73 and $ 18.06 at the end of the 90-day period is about 9.88 .
Given the investment horizon of 90 days Ballys Corp has a beta of 0.14 suggesting as returns on the market go up, Ballys Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ballys Corp will be expected to be much smaller as well. Additionally Ballys Corp has an alpha of 0.0301, implying that it can generate a 0.0301 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ballys Corp Price Density |
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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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ballys Corp is not an exception. The market had few large corrections towards the Ballys Corp'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 Ballys Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ballys Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | -0.24 |
Ballys Corp 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 Ballys Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ballys Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ballys Corp currently holds 5.07 B in liabilities with Debt to Equity (D/E) ratio of 2.84, implying the company greatly relies on financing operations through barrowing. Ballys Corp has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Ballys Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.45 B. Net Loss for the year was (187.5 M) with profit before overhead, payroll, taxes, and interest of 1.25 B. | |
| Ballys Corp has a strong financial position based on the latest SEC filings | |
| About 68.0% of Ballys Corp shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Longfellow Investment Management Co. LLC Makes New 38,000 Investment in Ballys Co. |
Ballys Corp 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 Ballys Stock often depends not only on the future outlook of the current and 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 | 53.4 M | |
| Cash And Short Term Investments | 163.2 M |
Ballys Corp Technical Analysis
Ballys Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Ballys Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ballys Corp. In general, you should focus on analyzing Ballys Stock price patterns and their correlations with different microeconomic environments and drivers.
Ballys Corp Predictive Forecast Models
Ballys Corp's time-series forecasting models is one of many Ballys Corp'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 Ballys Corp'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 Ballys Corp
Checking the ongoing alerts about Ballys Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ballys Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ballys Corp currently holds 5.07 B in liabilities with Debt to Equity (D/E) ratio of 2.84, implying the company greatly relies on financing operations through barrowing. Ballys Corp has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Ballys Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.45 B. Net Loss for the year was (187.5 M) with profit before overhead, payroll, taxes, and interest of 1.25 B. | |
| Ballys Corp has a strong financial position based on the latest SEC filings | |
| About 68.0% of Ballys Corp shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Longfellow Investment Management Co. LLC Makes New 38,000 Investment in Ballys Co. |
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.