Playgon Games Stock Market Value
| DEAL Stock | CAD 0.01 0.01 50.00% |
| Symbol | Playgon |
Playgon Games Price To Book Ratio
Playgon Games '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 Playgon Games' 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 Playgon Games.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Playgon Games on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Playgon Games or generate 0.0% return on investment in Playgon Games over 180 days. Playgon Games is related to or competes with Berkshire Hathaway, JPMorgan Chase, Bank of America, Alphabet, Amazon CDR, and Walmart. Playgon Games Inc. operates in the daily fantasy sports industry More
Playgon Games 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 Playgon Games' 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 Playgon Games upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 43.46 | |||
| Information Ratio | 0.0988 | |||
| Maximum Drawdown | 250.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Playgon Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playgon Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playgon Games' standard deviation. In reality, there are many statistical measures that can use Playgon Games historical prices to predict the future Playgon Games' volatility.| Risk Adjusted Performance | 0.0884 | |||
| Jensen Alpha | 3.42 | |||
| Total Risk Alpha | (1.76) | |||
| Sortino Ratio | 0.0725 | |||
| Treynor Ratio | (2.67) |
Playgon Games Backtested Returns
Playgon Games appears to be out of control, given 3 months investment horizon. Playgon Games maintains Sharpe Ratio (i.e., Efficiency) of 0.0128, which implies the firm had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Playgon Games, which you can use to evaluate the volatility of the company. Please evaluate Playgon Games' Semi Deviation of 12.41, risk adjusted performance of 0.0884, and Coefficient Of Variation of 972.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Playgon Games holds a performance score of 1. The company holds a Beta of -1.23, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Playgon Games are expected to decrease by larger amounts. On the other hand, during market turmoil, Playgon Games is expected to outperform it. Please check Playgon Games' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Playgon Games' historical price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Playgon Games has good predictability. Overlapping area represents the amount of predictability between Playgon Games time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Playgon Games price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Playgon Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Playgon Games lagged returns against current returns
Autocorrelation, which is Playgon Games 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 Playgon Games' stock expected returns. We can calculate the autocorrelation of Playgon Games returns to help us make a trade decision. For example, suppose you find that Playgon Games 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 |
Playgon Games 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 Playgon Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playgon Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playgon Games stock over time.
Current vs Lagged Prices |
| Timeline |
Playgon Games Lagged Returns
When evaluating Playgon Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playgon Games stock have on its future price. Playgon Games 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, Playgon Games autocorrelation shows the relationship between Playgon Games stock current value and its past values and can show if there is a momentum factor associated with investing in Playgon Games.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Playgon Stock Analysis
When running Playgon Games' price analysis, check to measure Playgon Games' 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 Playgon Games is operating at the current time. Most of Playgon Games' value examination focuses on studying past and present price action to predict the probability of Playgon Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Playgon Games' price. Additionally, you may evaluate how the addition of Playgon Games to your portfolios can decrease your overall portfolio volatility.