Gaming Innovation (Sweden) Price on November 30, 2024
| GIGSEK Stock | SEK 24.80 0.50 2.06% |
If you're considering investing in Gaming Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gaming Innovation stands at 24.80, as last reported on the 30th of November, with the highest price reaching 24.95 and the lowest price hitting 24.30 during the day. Gaming Innovation holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Gaming Innovation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gaming Innovation's Risk Adjusted Performance of (0.07), market risk adjusted performance of 8.04, and Standard Deviation of 2.31 to validate the risk estimate we provide.
Gaming Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gaming |
Sharpe Ratio = -0.1603
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Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Gaming Innovation is not performing at its full potential. However, 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 Gaming Innovation by adding Gaming Innovation to a well-diversified portfolio.
Gaming Innovation Valuation on November 30, 2024
It is possible to determine the worth of Gaming Innovation on a given historical date. On November 30, 2024 Gaming was worth 24.3 at the beginning of the trading date compared to the closed value of 24.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gaming Innovation stock. Still, in general, we apply an absolute valuation method to find Gaming Innovation's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gaming Innovation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gaming Innovation's related companies.
| Open | High | Low | Close | Volume | |
| 24.30 | 24.95 | 24.30 | 24.80 | 28,292 | |
11/30/2024 | 24.30 | 24.95 | 24.30 | 24.80 | 0.00 |
| Backtest Gaming Innovation | | | Gaming Innovation History | | | Gaming Innovation Valuation | Previous |
Gaming Innovation Trading Date Momentum on November 30, 2024
| On November 30 2024 Gaming Innovation Group was traded for 24.80 at the closing time. The highest price during the trading period was 24.95 and the lowest recorded bid was listed for 24.30 . There was no trading activity during the period 0.0. Lack of trading volume on November 30, 2024 did not cause price change. The overall trading delta to the current price is 2.02% . |
Gaming Innovation Fundamentals Correlations and Trends
By evaluating Gaming Innovation's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gaming Innovation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gaming financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gaming Innovation Stock history
Gaming Innovation investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gaming is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gaming Innovation will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gaming Innovation stock prices may prove useful in developing a viable investing in Gaming Innovation
Gaming Innovation Group Inc., through its subsidiaries, provides and facilitates a platform for Internet gambling, gaming, and betting in Nordic countries, other European countries, and internationally. The company was founded in 2012 and is headquartered in St Julians, Malta. Gaming Innovation is traded on Stockholm Stock Exchange in Sweden.
Gaming Innovation Stock Technical Analysis
Gaming Innovation technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Gaming Innovation Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Gaming Innovation Group cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Gaming Innovation November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Gaming Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gaming Innovation shares will generate the highest return on investment. By undertsting and applying Gaming Innovation stock market strength indicators, traders can identify Gaming Innovation Group entry and exit signals to maximize returns
Gaming Innovation Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gaming Innovation's price direction in advance. Along with the technical and fundamental analysis of Gaming Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gaming 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 | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 8.03 |
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Complementary Tools for Gaming Stock analysis
When running Gaming Innovation's price analysis, check to measure Gaming Innovation'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 Gaming Innovation is operating at the current time. Most of Gaming Innovation's value examination focuses on studying past and present price action to predict the probability of Gaming Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaming Innovation's price. Additionally, you may evaluate how the addition of Gaming Innovation to your portfolios can decrease your overall portfolio volatility.
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