Boyd Gaming Stock Price on October 3, 2024
If you're considering investing in Boyd Stock, it is important to understand the factors that can impact its price. Boyd Gaming appears to be very steady, given 3 months investment horizon. Boyd Gaming secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Boyd Gaming, which you can use to evaluate the volatility of the firm. Please makes use of Boyd Gaming's Mean Deviation of 1.17, downside deviation of 1.13, and Risk Adjusted Performance of 0.1506 to double-check if our risk estimates are consistent with your expectations.
Boyd Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Boyd |
Sharpe Ratio = 0.1894
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.65 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Boyd Gaming is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Boyd Gaming by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Boyd Gaming Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Boyd Gaming cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Boyd Gaming November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Boyd Gaming stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Boyd Gaming shares will generate the highest return on investment. By undertsting and applying Boyd Gaming stock market strength indicators, traders can identify Boyd Gaming entry and exit signals to maximize returns
Boyd Gaming Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Boyd Gaming's price direction in advance. Along with the technical and fundamental analysis of Boyd Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Boyd to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1506 | |||
| Jensen Alpha | 0.3171 | |||
| Total Risk Alpha | 0.0426 | |||
| Sortino Ratio | 0.1609 | |||
| Treynor Ratio | (2.43) |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Tools for Boyd Stock
When running Boyd Gaming's price analysis, check to measure Boyd 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 Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd 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 Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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