Playstudios Stock Market Value
| MYPSW Stock | USD 0.01 0 15.63% |
| Symbol | PLAYSTUDIOS |
PLAYSTUDIOS Price To Book Ratio
Is Interactive Home Entertainment 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 PLAYSTUDIOS. If investors know PLAYSTUDIOS 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 PLAYSTUDIOS 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 0.028 | Revenue Per Share 2.266 | Quarterly Revenue Growth (0.06) | Return On Assets (0.01) | Return On Equity (0.09) |
The market value of PLAYSTUDIOS is measured differently than its book value, which is the value of PLAYSTUDIOS that is recorded on the company's balance sheet. Investors also form their own opinion of PLAYSTUDIOS's value that differs from its market value or its book value, called intrinsic value, which is PLAYSTUDIOS'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 PLAYSTUDIOS's market value can be influenced by many factors that don't directly affect PLAYSTUDIOS'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 PLAYSTUDIOS's value and its price as these two are different measures arrived at by different means. Investors typically determine if PLAYSTUDIOS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PLAYSTUDIOS'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.
PLAYSTUDIOS '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 PLAYSTUDIOS'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 PLAYSTUDIOS.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in PLAYSTUDIOS on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding PLAYSTUDIOS or generate 0.0% return on investment in PLAYSTUDIOS over 180 days. PLAYSTUDIOS is related to or competes with Playstudios, and Talkspace. PLAYSTUDIOS is entity of United States. It is traded as Stock on NASDAQ exchange. More
PLAYSTUDIOS 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 PLAYSTUDIOS'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 PLAYSTUDIOS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.08 | |||
| Information Ratio | 0.0544 | |||
| Maximum Drawdown | 94.29 | |||
| Value At Risk | (25.91) | |||
| Potential Upside | 30.77 |
PLAYSTUDIOS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLAYSTUDIOS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLAYSTUDIOS's standard deviation. In reality, there are many statistical measures that can use PLAYSTUDIOS historical prices to predict the future PLAYSTUDIOS's volatility.| Risk Adjusted Performance | 0.0569 | |||
| Jensen Alpha | 0.2566 | |||
| Total Risk Alpha | (1.74) | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | 0.1575 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PLAYSTUDIOS'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.
PLAYSTUDIOS Backtested Returns
PLAYSTUDIOS appears to be out of control, given 3 months investment horizon. PLAYSTUDIOS retains Efficiency (Sharpe Ratio) of 0.0493, which implies the firm had a 0.0493% return per unit of risk over the last 3 months. By analyzing PLAYSTUDIOS's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please evaluate PLAYSTUDIOS's market risk adjusted performance of 0.1675, and Semi Deviation of 10.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PLAYSTUDIOS holds a performance score of 3. The company owns a Beta (Systematic Risk) of 6.99, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PLAYSTUDIOS will likely underperform. Please check PLAYSTUDIOS's jensen alpha and the relationship between the potential upside and period momentum indicator , to make a quick decision on whether PLAYSTUDIOS's current price history will revert.
Auto-correlation | 0.47 |
Average predictability
PLAYSTUDIOS has average predictability. Overlapping area represents the amount of predictability between PLAYSTUDIOS time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 PLAYSTUDIOS price movement. The serial correlation of 0.47 indicates that about 47.0% of current PLAYSTUDIOS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PLAYSTUDIOS lagged returns against current returns
Autocorrelation, which is PLAYSTUDIOS 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 PLAYSTUDIOS's stock expected returns. We can calculate the autocorrelation of PLAYSTUDIOS returns to help us make a trade decision. For example, suppose you find that PLAYSTUDIOS 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 |
PLAYSTUDIOS 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 PLAYSTUDIOS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLAYSTUDIOS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLAYSTUDIOS stock over time.
Current vs Lagged Prices |
| Timeline |
PLAYSTUDIOS Lagged Returns
When evaluating PLAYSTUDIOS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLAYSTUDIOS stock have on its future price. PLAYSTUDIOS 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, PLAYSTUDIOS autocorrelation shows the relationship between PLAYSTUDIOS stock current value and its past values and can show if there is a momentum factor associated with investing in PLAYSTUDIOS.
Regressed Prices |
| Timeline |
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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.Additional Tools for PLAYSTUDIOS Stock Analysis
When running PLAYSTUDIOS's price analysis, check to measure PLAYSTUDIOS's 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 PLAYSTUDIOS is operating at the current time. Most of PLAYSTUDIOS's value examination focuses on studying past and present price action to predict the probability of PLAYSTUDIOS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PLAYSTUDIOS's price. Additionally, you may evaluate how the addition of PLAYSTUDIOS to your portfolios can decrease your overall portfolio volatility.