PLAYSTUDIOS's market value is the price at which a share of PLAYSTUDIOS trades on a public exchange. It measures the collective expectations of PLAYSTUDIOS A DL 0001 investors about its performance. PLAYSTUDIOS is trading at 1.51 as of the 23rd of November 2024. This is a 6.21% down since the beginning of the trading day. The stock's lowest day price was 1.51. With this module, you can estimate the performance of a buy and hold strategy of PLAYSTUDIOS A DL 0001 and determine expected loss or profit from investing in PLAYSTUDIOS over a given investment horizon. 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 board of governors.
Symbol
PLAYSTUDIOS
PLAYSTUDIOS '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 PLAYSTUDIOS'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 PLAYSTUDIOS.
0.00
10/24/2024
No Change 0.00
0.0
In 30 days
11/23/2024
0.00
If you would invest 0.00 in PLAYSTUDIOS on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding PLAYSTUDIOS A DL 0001 or generate 0.0% return on investment in PLAYSTUDIOS over 30 days.
PLAYSTUDIOS 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 PLAYSTUDIOS'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 PLAYSTUDIOS A DL 0001 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLAYSTUDIOS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLAYSTUDIOS's standard deviation. In reality, there are many statistical measures that can use PLAYSTUDIOS historical prices to predict the future PLAYSTUDIOS's volatility.
At this point, PLAYSTUDIOS is dangerous. PLAYSTUDIOS A DL retains Efficiency (Sharpe Ratio) of 0.0518, which implies the firm had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for PLAYSTUDIOS, which you can use to evaluate the volatility of the company. Please check PLAYSTUDIOS's market risk adjusted performance of 2.33, and Semi Deviation of 2.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. PLAYSTUDIOS has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0986, which implies not very significant fluctuations relative to the market. As returns on the market increase, PLAYSTUDIOS's returns are expected to increase less than the market. However, during the bear market, the loss of holding PLAYSTUDIOS is expected to be smaller as well. PLAYSTUDIOS A DL now owns a risk of 3.25%. Please check PLAYSTUDIOS A DL 0001 mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if PLAYSTUDIOS A DL 0001 will be following its current price history.
Auto-correlation
-0.18
Insignificant reverse predictability
PLAYSTUDIOS A DL 0001 has insignificant reverse predictability. Overlapping area represents the amount of predictability between PLAYSTUDIOS time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 PLAYSTUDIOS A DL price movement. The serial correlation of -0.18 indicates that over 18.0% of current PLAYSTUDIOS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.18
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
0.01
PLAYSTUDIOS A DL lagged returns against current returns
Autocorrelation, which is PLAYSTUDIOS 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 PLAYSTUDIOS's stock expected returns. We can calculate the autocorrelation of PLAYSTUDIOS returns to help us make a trade decision. For example, suppose you find that PLAYSTUDIOS 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
PLAYSTUDIOS 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 PLAYSTUDIOS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLAYSTUDIOS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLAYSTUDIOS stock over time.
Current vs Lagged Prices
Timeline
PLAYSTUDIOS Lagged Returns
When evaluating PLAYSTUDIOS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLAYSTUDIOS stock have on its future price. PLAYSTUDIOS 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, PLAYSTUDIOS autocorrelation shows the relationship between PLAYSTUDIOS stock current value and its past values and can show if there is a momentum factor associated with investing in PLAYSTUDIOS A DL 0001.