Boyd Gaming (Germany) Probability of Future Stock Price Finishing Over 69.00
| BO5 Stock | EUR 69.00 0.50 0.72% |
Boyd |
Boyd Gaming Target Price Odds to finish over 69.00
The tendency of Boyd 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 above the current price in 90 days |
| 69.00 | 90 days | 69.00 | about 5.92 |
Based on a normal probability distribution, the odds of Boyd Gaming to move above the current price in 90 days from now is about 5.92 (This Boyd Gaming probability density function shows the probability of Boyd Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Boyd Gaming has a beta of 0.62 suggesting as returns on the market go up, Boyd Gaming average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Boyd Gaming will be expected to be much smaller as well. Additionally Boyd Gaming has an alpha of 0.3001, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Boyd Gaming Price Density |
| Price |
Predictive Modules for Boyd 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 Boyd Gaming. 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.Boyd Gaming Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Boyd Gaming is not an exception. The market had few large corrections towards the Boyd Gaming'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 Boyd Gaming, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Boyd Gaming within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 5.38 | |
Ir | Information ratio | 0.15 |
Boyd Gaming 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 Boyd Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Boyd Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Boyd Gaming has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Boyd Gaming has accumulated 3.01 B in total debt with debt to equity ratio (D/E) of 416.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Boyd Gaming has a current ratio of 0.71, 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 Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming'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 Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Boyd Gaming shares are held by institutions such as insurance companies |
Boyd Gaming 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 Boyd Stock often depends not only on the future outlook of the current and potential Boyd 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. Boyd Gaming's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 102.8 M |
Boyd Gaming Technical Analysis
Boyd Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Boyd Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Boyd Gaming. In general, you should focus on analyzing Boyd Stock price patterns and their correlations with different microeconomic environments and drivers.
Boyd Gaming Predictive Forecast Models
Boyd Gaming's time-series forecasting models is one of many Boyd Gaming'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 Boyd Gaming'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 Boyd Gaming
Checking the ongoing alerts about Boyd Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Boyd Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Boyd Gaming has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Boyd Gaming has accumulated 3.01 B in total debt with debt to equity ratio (D/E) of 416.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Boyd Gaming has a current ratio of 0.71, 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 Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming'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 Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Boyd Gaming shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in Boyd Stock
When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:Check out Boyd Gaming Backtesting, Boyd Gaming Valuation, Boyd Gaming Correlation, Boyd Gaming Hype Analysis, Boyd Gaming Volatility, Boyd Gaming History as well as Boyd Gaming Performance. For more detail on how to invest in Boyd Stock please use our How to Invest in Boyd Gaming guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.