FUTURE GAMING (Germany) Market Value
| 6L50 Stock | 0.63 0.05 8.62% |
| Symbol | FUTURE |
FUTURE 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 FUTURE 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 FUTURE GAMING.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in FUTURE GAMING on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding FUTURE GAMING GRP or generate 0.0% return on investment in FUTURE GAMING over 510 days. FUTURE GAMING is related to or competes with Evolution, Scientific Games, and International Game. More
FUTURE 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 FUTURE 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 FUTURE GAMING GRP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 6.67 |
FUTURE GAMING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FUTURE GAMING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FUTURE GAMING's standard deviation. In reality, there are many statistical measures that can use FUTURE GAMING historical prices to predict the future FUTURE GAMING's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0417 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.299 |
FUTURE GAMING GRP Backtested Returns
At this point, FUTURE GAMING is abnormally volatile. FUTURE GAMING GRP secures Sharpe Ratio (or Efficiency) of 0.0164, which denotes the company had a 0.0164% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for FUTURE GAMING GRP, which you can use to evaluate the volatility of the firm. Please confirm FUTURE GAMING's Market Risk Adjusted Performance of 0.309, mean deviation of 2.42, and Downside Deviation of 3.48 to check if the risk estimate we provide is consistent with the expected return of 0.0555%. FUTURE GAMING has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, FUTURE GAMING's returns are expected to increase less than the market. However, during the bear market, the loss of holding FUTURE GAMING is expected to be smaller as well. FUTURE GAMING GRP currently shows a risk of 3.38%. Please confirm FUTURE GAMING GRP information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if FUTURE GAMING GRP will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
FUTURE GAMING GRP has virtually no predictability. Overlapping area represents the amount of predictability between FUTURE GAMING time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 FUTURE GAMING GRP price movement. The serial correlation of 0.02 indicates that only 2.0% of current FUTURE GAMING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
FUTURE GAMING GRP lagged returns against current returns
Autocorrelation, which is FUTURE 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 FUTURE GAMING's stock expected returns. We can calculate the autocorrelation of FUTURE GAMING returns to help us make a trade decision. For example, suppose you find that FUTURE 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 |
FUTURE 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 FUTURE GAMING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FUTURE GAMING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FUTURE GAMING stock over time.
Current vs Lagged Prices |
| Timeline |
FUTURE GAMING Lagged Returns
When evaluating FUTURE GAMING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FUTURE GAMING stock have on its future price. FUTURE 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, FUTURE GAMING autocorrelation shows the relationship between FUTURE GAMING stock current value and its past values and can show if there is a momentum factor associated with investing in FUTURE GAMING GRP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FUTURE Stock
FUTURE GAMING financial ratios help investors to determine whether FUTURE 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 FUTURE with respect to the benefits of owning FUTURE GAMING security.