Gaming Innovation (Sweden) Market Value
| GIGSEK Stock | SEK 24.80 0.50 2.06% |
| Symbol | Gaming |
Gaming Innovation '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 Gaming Innovation'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 Gaming Innovation.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gaming Innovation on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Gaming Innovation Group or generate 0.0% return on investment in Gaming Innovation over 270 days. Gaming Innovation is related to or competes with Catena Media, Better Collective, Kambi Group, and Betsson AB. Gaming Innovation Group Inc., through its subsidiaries, provides and facilitates a platform for Internet gambling, gamin... More
Gaming Innovation 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 Gaming Innovation'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 Gaming Innovation Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.3 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.61 |
Gaming Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gaming Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gaming Innovation's standard deviation. In reality, there are many statistical measures that can use Gaming Innovation historical prices to predict the future Gaming Innovation's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 8.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gaming Innovation'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.
Gaming Innovation Backtested Returns
Gaming Innovation holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Gaming Innovation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gaming Innovation's Standard Deviation of 2.31, market risk adjusted performance of 8.04, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0316, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gaming Innovation are expected to decrease at a much lower rate. During the bear market, Gaming Innovation is likely to outperform the market. At this point, Gaming Innovation has a negative expected return of -0.37%. Please make sure to check out Gaming Innovation's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Gaming Innovation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Gaming Innovation Group has very good predictability. Overlapping area represents the amount of predictability between Gaming Innovation time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Gaming Innovation price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Gaming Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 6.76 |
Gaming Innovation lagged returns against current returns
Autocorrelation, which is Gaming Innovation 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 Gaming Innovation's stock expected returns. We can calculate the autocorrelation of Gaming Innovation returns to help us make a trade decision. For example, suppose you find that Gaming Innovation 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 |
Gaming Innovation 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 Gaming Innovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gaming Innovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gaming Innovation stock over time.
Current vs Lagged Prices |
| Timeline |
Gaming Innovation Lagged Returns
When evaluating Gaming Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gaming Innovation stock have on its future price. Gaming Innovation 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, Gaming Innovation autocorrelation shows the relationship between Gaming Innovation stock current value and its past values and can show if there is a momentum factor associated with investing in Gaming Innovation Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Gaming Stock
Gaming Innovation financial ratios help investors to determine whether Gaming Stock 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 Gaming with respect to the benefits of owning Gaming Innovation security.