Evolution Gaming (UK) Market Value
| 0RQ6 Stock | 988.50 1.70 0.17% |
| Symbol | Evolution |
Evolution Gaming 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Evolution Gaming's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Evolution Gaming.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Evolution Gaming on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Evolution Gaming Group or generate 0.0% return on investment in Evolution Gaming over 540 days. Evolution Gaming is related to or competes with Neometals, Coor Service, Aeorema Communications, JLEN Environmental, Power Metal, GoldMining, and Eastinco Mining. Evolution Gaming is entity of United Kingdom More
Evolution Gaming Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Evolution Gaming's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Evolution Gaming Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.57 |
Evolution Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolution Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolution Gaming's standard deviation. In reality, there are many statistical measures that can use Evolution Gaming historical prices to predict the future Evolution Gaming's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.1819 |
Evolution Gaming Backtested Returns
Evolution Gaming secures Sharpe Ratio (or Efficiency) of -0.0361, which denotes the company had a -0.0361% return per unit of risk over the last 3 months. Evolution Gaming Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evolution Gaming's Variance of 4.45, standard deviation of 2.11, and Mean Deviation of 1.03 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Evolution Gaming are expected to decrease at a much lower rate. During the bear market, Evolution Gaming is likely to outperform the market. At this point, Evolution Gaming has a negative expected return of -0.077%. Please make sure to confirm Evolution Gaming's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Evolution Gaming performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Evolution Gaming Group has modest predictability. Overlapping area represents the amount of predictability between Evolution Gaming time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evolution Gaming price movement. The serial correlation of 0.52 indicates that about 52.0% of current Evolution Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 15.3 K |
Evolution Gaming lagged returns against current returns
Autocorrelation, which is Evolution Gaming stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Evolution Gaming's stock expected returns. We can calculate the autocorrelation of Evolution Gaming returns to help us make a trade decision. For example, suppose you find that Evolution Gaming has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Evolution Gaming regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Evolution Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolution Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolution Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Evolution Gaming Lagged Returns
When evaluating Evolution Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolution Gaming stock have on its future price. Evolution Gaming autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Evolution Gaming autocorrelation shows the relationship between Evolution Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Evolution Gaming Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Evolution Stock 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.