Boyd Gaming Stock Market Value
| BYD Stock | USD 71.52 0.24 0.33% |
| Symbol | Boyd |
Boyd Gaming 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 Boyd Gaming. If investors know Boyd 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 Boyd Gaming 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 0.065 | Dividend Share 0.67 | Earnings Share 5.26 | Revenue Per Share 40.123 | Quarterly Revenue Growth 0.064 |
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming'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 Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming'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 Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming'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.
Boyd 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 Boyd 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 Boyd Gaming.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Boyd Gaming on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Boyd Gaming or generate 0.0% return on investment in Boyd Gaming over 720 days. Boyd Gaming is related to or competes with MGM Resorts, Las Vegas, Wynn Resorts, Penn National, Melco Resorts, Caesars Entertainment, and Monarch Casino. Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company More
Boyd 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 Boyd 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 Boyd Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1414 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 3.3 |
Boyd Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boyd Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boyd Gaming's standard deviation. In reality, there are many statistical measures that can use Boyd Gaming historical prices to predict the future Boyd Gaming's volatility.| Risk Adjusted Performance | 0.1558 | |||
| Jensen Alpha | 0.2329 | |||
| Total Risk Alpha | 0.1313 | |||
| Sortino Ratio | 0.2085 | |||
| Treynor Ratio | 0.3216 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boyd Gaming's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Boyd Gaming Backtested Returns
Boyd Gaming appears to be very steady, given 3 months investment horizon. Boyd Gaming secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Boyd Gaming, which you can use to evaluate the volatility of the firm. Please makes use of Boyd Gaming's Mean Deviation of 1.17, downside deviation of 1.11, and Risk Adjusted Performance of 0.1558 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Boyd Gaming holds a performance score of 13. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Boyd Gaming returns are very sensitive to returns on the market. As the market goes up or down, Boyd Gaming is expected to follow. Please check Boyd Gaming's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Boyd Gaming's price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Boyd Gaming has good reverse predictability. Overlapping area represents the amount of predictability between Boyd Gaming time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Boyd Gaming price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Boyd Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 25.6 |
Boyd Gaming lagged returns against current returns
Autocorrelation, which is Boyd 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 Boyd Gaming's stock expected returns. We can calculate the autocorrelation of Boyd Gaming returns to help us make a trade decision. For example, suppose you find that Boyd 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 |
Boyd 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 Boyd Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boyd Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boyd Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Boyd Gaming Lagged Returns
When evaluating Boyd Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boyd Gaming stock have on its future price. Boyd 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, Boyd Gaming autocorrelation shows the relationship between Boyd Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Boyd Gaming.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:Check out Boyd Gaming Correlation, Boyd Gaming Volatility and Boyd Gaming Alpha and Beta module to complement your research on Boyd Gaming. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Boyd 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.