Ballys Corp Stock Market Value
| BALY Stock | USD 17.76 0.06 0.34% |
| Symbol | Ballys |
Ballys Corp Price To Book Ratio
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ballys Corp. If investors know Ballys will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ballys Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 107 | Earnings Share (15.15) | Revenue Per Share 50.459 | Quarterly Revenue Growth (0) | Return On Assets (0.01) |
The market value of Ballys Corp is measured differently than its book value, which is the value of Ballys that is recorded on the company's balance sheet. Investors also form their own opinion of Ballys Corp's value that differs from its market value or its book value, called intrinsic value, which is Ballys Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ballys Corp's market value can be influenced by many factors that don't directly affect Ballys Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ballys Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballys Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballys Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ballys Corp '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 Ballys Corp'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 Ballys Corp.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Ballys Corp on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Ballys Corp or generate 0.0% return on investment in Ballys Corp over 360 days. Ballys Corp is related to or competes with Monarch Casino, Golden Entertainment, Century Casinos, Melco Resorts, Red Rock, Studio City, and Full House. Ballys Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming ... More
Ballys Corp 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 Ballys Corp'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 Ballys Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2623 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5226 |
Ballys Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ballys Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ballys Corp's standard deviation. In reality, there are many statistical measures that can use Ballys Corp historical prices to predict the future Ballys Corp's volatility.| Risk Adjusted Performance | 0.1432 | |||
| Jensen Alpha | 0.0362 | |||
| Total Risk Alpha | 0.0128 | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.3529 |
Ballys Corp Backtested Returns
At this stage we consider Ballys Stock to be very steady. Ballys Corp secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ballys Corp, which you can use to evaluate the volatility of the firm. Please confirm Ballys Corp's Mean Deviation of 0.2259, risk adjusted performance of 0.1432, and Coefficient Of Variation of 478.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0614%. Ballys Corp has a performance score of 16 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ballys Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ballys Corp is expected to be smaller as well. Ballys Corp right now shows a risk of 0.29%. Please confirm Ballys Corp semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Ballys Corp will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Ballys Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Ballys Corp time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Ballys Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Ballys Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 5.85 |
Ballys Corp lagged returns against current returns
Autocorrelation, which is Ballys Corp 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 Ballys Corp's stock expected returns. We can calculate the autocorrelation of Ballys Corp returns to help us make a trade decision. For example, suppose you find that Ballys Corp 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 |
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Ballys Corp 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 Ballys Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ballys Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ballys Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ballys Corp Lagged Returns
When evaluating Ballys Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ballys Corp stock have on its future price. Ballys Corp 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, Ballys Corp autocorrelation shows the relationship between Ballys Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ballys Corp.
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 Ballys Stock Analysis
When running Ballys Corp's price analysis, check to measure Ballys Corp'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 Ballys Corp is operating at the current time. Most of Ballys Corp's value examination focuses on studying past and present price action to predict the probability of Ballys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballys Corp's price. Additionally, you may evaluate how the addition of Ballys Corp to your portfolios can decrease your overall portfolio volatility.