Evolution Gaming Group Stock Probability of Future Pink Sheet Price Finishing Under 85.06
| EVVTY Stock | USD 89.92 0.77 0.86% |
Evolution |
Evolution Gaming Target Price Odds to finish below 85.06
The tendency of Evolution Pink Sheet 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 $ 85.06 or more in 90 days |
| 89.92 | 90 days | 85.06 | about 1.15 |
Based on a normal probability distribution, the odds of Evolution Gaming to drop to $ 85.06 or more in 90 days from now is about 1.15 (This Evolution Gaming Group probability density function shows the probability of Evolution Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Evolution Gaming price to stay between $ 85.06 and its current price of $89.92 at the end of the 90-day period is about 9.82 .
Assuming the 90 days horizon Evolution Gaming has a beta of 0.18 suggesting as returns on the market go up, Evolution Gaming average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Evolution Gaming Group will be expected to be much smaller as well. Additionally Evolution Gaming Group 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. Evolution Gaming Price Density |
| Price |
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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Evolution Gaming is not an exception. The market had few large corrections towards the Evolution 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 Evolution Gaming Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Evolution Gaming within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 4.67 | |
Ir | Information ratio | -0.14 |
Evolution 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 Evolution Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Evolution 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.| Evolution Gaming generated a negative expected return over the last 90 days |
Evolution 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 Evolution Pink Sheet often depends not only on the future outlook of the current and 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 |
Evolution Gaming Technical Analysis
Evolution Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Evolution Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Evolution Gaming Group. In general, you should focus on analyzing Evolution Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Evolution Gaming Predictive Forecast Models
Evolution Gaming's time-series forecasting models is one of many Evolution Gaming's pink sheet 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 Evolution 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Evolution Gaming
Checking the ongoing alerts about Evolution Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Evolution Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Evolution Gaming generated a negative expected return over the last 90 days |
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.