IGT Stock | | | USD 19.27 0.28 1.47% |
International Game financial indicator trend analysis is infinitely more than just investigating International Game recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Game is a good investment. Please check the relationship between International Game Short Long Term Debt Total and its Common Stock accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
International Game Short Long Term Debt Total account and
Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between International Game's Short Long Term Debt Total and Common Stock is -0.68. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Common Stock in the same time period over historical financial statements of International Game Technology, assuming nothing else is changed. The correlation between historical values of International Game's Short Long Term Debt Total and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of International Game Technology are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Long Term Debt Total i.e., International Game's Short Long Term Debt Total and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.68 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Most indicators from International Game's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Game current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, International Game's
Discontinued Operations is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 11.05 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.
When running International Game's price analysis, check to
measure International Game'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 International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to
predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.