Scientific Games (Germany) Probability of Future Stock Price Finishing Under 86.29
| TJW Stock | EUR 89.00 1.00 1.14% |
Scientific |
Scientific Games Target Price Odds to finish below 86.29
The tendency of Scientific 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 € 86.29 or more in 90 days |
| 89.00 | 90 days | 86.29 | about 28.34 |
Based on a normal probability distribution, the odds of Scientific Games to drop to € 86.29 or more in 90 days from now is about 28.34 (This Scientific Games probability density function shows the probability of Scientific Stock to fall within a particular range of prices over 90 days) . Probability of Scientific Games price to stay between € 86.29 and its current price of €89.0 at the end of the 90-day period is about 16.34 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.32 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Scientific Games will likely underperform. Additionally Scientific Games 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. Scientific Games Price Density |
| Price |
Predictive Modules for Scientific Games
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scientific Games. 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.Scientific Games Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scientific Games is not an exception. The market had few large corrections towards the Scientific Games' 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 Scientific Games, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scientific Games within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 1.32 | |
σ | Overall volatility | 6.18 | |
Ir | Information ratio | -0.08 |
Scientific Games 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 Scientific Games for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scientific Games can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Scientific Games generated a negative expected return over the last 90 days | |
| Over 95.0% of the company shares are owned by institutional investors |
Scientific Games 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 Scientific Stock often depends not only on the future outlook of the current and potential Scientific Games' 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. Scientific Games' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97 M |
Scientific Games Technical Analysis
Scientific Games' future price can be derived by breaking down and analyzing its technical indicators over time. Scientific Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scientific Games. In general, you should focus on analyzing Scientific Stock price patterns and their correlations with different microeconomic environments and drivers.
Scientific Games Predictive Forecast Models
Scientific Games' time-series forecasting models is one of many Scientific Games' 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 Scientific Games' 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 Scientific Games
Checking the ongoing alerts about Scientific Games for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scientific Games help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scientific Games generated a negative expected return over the last 90 days | |
| Over 95.0% of the company shares are owned by institutional investors |
Other Information on Investing in Scientific Stock
Scientific Games financial ratios help investors to determine whether Scientific Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Scientific with respect to the benefits of owning Scientific Games security.