Bragg Gaming Group Stock Market Value
| BRAG Stock | CAD 4.60 0.10 2.22% |
| Symbol | Bragg |
Bragg Gaming Group Price To Book Ratio
Bragg 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 Bragg 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 Bragg Gaming.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Bragg Gaming on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bragg Gaming Group or generate 0.0% return on investment in Bragg Gaming over 270 days. Bragg Gaming is related to or competes with Real Luck, and Enthusiast Gaming. Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide More
Bragg 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 Bragg 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 Bragg Gaming Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 37.41 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 4.39 |
Bragg Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bragg Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bragg Gaming's standard deviation. In reality, there are many statistical measures that can use Bragg Gaming historical prices to predict the future Bragg Gaming's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.92) |
Bragg Gaming Group Backtested Returns
Bragg Gaming Group secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Bragg Gaming Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bragg Gaming's mean deviation of 2.15, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bragg Gaming's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bragg Gaming is expected to be smaller as well. At this point, Bragg Gaming Group has a negative expected return of -0.48%. Please make sure to confirm Bragg Gaming's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Bragg Gaming Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Bragg Gaming Group has poor reverse predictability. Overlapping area represents the amount of predictability between Bragg Gaming time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Bragg Gaming Group price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Bragg Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Bragg Gaming Group lagged returns against current returns
Autocorrelation, which is Bragg 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 Bragg Gaming's stock expected returns. We can calculate the autocorrelation of Bragg Gaming returns to help us make a trade decision. For example, suppose you find that Bragg 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 |
Bragg 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 Bragg Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bragg Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bragg Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Bragg Gaming Lagged Returns
When evaluating Bragg Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bragg Gaming stock have on its future price. Bragg 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, Bragg Gaming autocorrelation shows the relationship between Bragg Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Bragg Gaming Group.
Regressed Prices |
| Timeline |
Pair Trading with Bragg Gaming
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bragg Gaming position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bragg Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bragg Gaming Group to buy it.
The correlation of Bragg Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bragg Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bragg Gaming Correlation, Bragg Gaming Volatility and Bragg Gaming Alpha and Beta module to complement your research on Bragg Gaming. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Bragg Gaming technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.