Concorde Gaming Stock Market Value
| CGAM Stock | USD 0.0001 0.00 0.00% |
| Symbol | Concorde |
Concorde 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 Concorde Gaming's pink sheet 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 Concorde Gaming.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Concorde Gaming on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Concorde Gaming or generate 0.0% return on investment in Concorde Gaming over 720 days. Concorde Gaming is related to or competes with FitLife Brands,, HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Concorde Gaming Corporation, through its wholly owned subsidiaries, owns and operates casinos More
Concorde 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 Concorde Gaming's pink sheet 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 Concorde Gaming upside and downside potential and time the market with a certain degree of confidence.
Concorde Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concorde Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concorde Gaming's standard deviation. In reality, there are many statistical measures that can use Concorde Gaming historical prices to predict the future Concorde Gaming's volatility.Concorde Gaming Backtested Returns
We have found three technical indicators for Concorde Gaming, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Concorde Gaming are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Concorde Gaming has perfect predictability. Overlapping area represents the amount of predictability between Concorde Gaming time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Concorde Gaming price movement. The serial correlation of 1.0 indicates that 100.0% of current Concorde Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Concorde Gaming lagged returns against current returns
Autocorrelation, which is Concorde Gaming pink sheet'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 Concorde Gaming's pink sheet expected returns. We can calculate the autocorrelation of Concorde Gaming returns to help us make a trade decision. For example, suppose you find that Concorde Gaming has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Concorde 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 Concorde Gaming pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concorde Gaming pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concorde Gaming pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Concorde Gaming Lagged Returns
When evaluating Concorde Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concorde Gaming pink sheet have on its future price. Concorde 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, Concorde Gaming autocorrelation shows the relationship between Concorde Gaming pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Concorde Gaming.
Regressed Prices |
| Timeline |
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Concorde Gaming financial ratios help investors to determine whether Concorde Pink Sheet 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 Concorde with respect to the benefits of owning Concorde Gaming security.