PLAYTECH (Germany) Market Value
| PL8 Stock | EUR 8.66 0.01 0.12% |
| Symbol | PLAYTECH |
PLAYTECH '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 PLAYTECH'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 PLAYTECH.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in PLAYTECH on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding PLAYTECH or generate 0.0% return on investment in PLAYTECH over 720 days. PLAYTECH is related to or competes with Ribbon Communications, Spirent Communications, Cleanaway Waste, WillScot Mobile, and Brockhaus Capital. More
PLAYTECH 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 PLAYTECH'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 PLAYTECH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0331 | |||
| Maximum Drawdown | 34.69 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.73 |
PLAYTECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLAYTECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLAYTECH's standard deviation. In reality, there are many statistical measures that can use PLAYTECH historical prices to predict the future PLAYTECH's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.1493 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 0.3304 |
PLAYTECH Backtested Returns
PLAYTECH appears to be slightly risky, given 3 months investment horizon. PLAYTECH retains Efficiency (Sharpe Ratio) of 0.0709, which implies the firm had a 0.0709% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PLAYTECH, which you can use to evaluate the volatility of the company. Please evaluate PLAYTECH's market risk adjusted performance of 0.3404, and Semi Deviation of 1.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PLAYTECH holds a performance score of 5. The company owns a Beta (Systematic Risk) of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PLAYTECH's returns are expected to increase less than the market. However, during the bear market, the loss of holding PLAYTECH is expected to be smaller as well. Please check PLAYTECH's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether PLAYTECH's current price history will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
PLAYTECH has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PLAYTECH time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 PLAYTECH price movement. The serial correlation of -0.74 indicates that around 74.0% of current PLAYTECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
PLAYTECH lagged returns against current returns
Autocorrelation, which is PLAYTECH 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 PLAYTECH's stock expected returns. We can calculate the autocorrelation of PLAYTECH returns to help us make a trade decision. For example, suppose you find that PLAYTECH 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 |
PLAYTECH 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 PLAYTECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLAYTECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLAYTECH stock over time.
Current vs Lagged Prices |
| Timeline |
PLAYTECH Lagged Returns
When evaluating PLAYTECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLAYTECH stock have on its future price. PLAYTECH 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, PLAYTECH autocorrelation shows the relationship between PLAYTECH stock current value and its past values and can show if there is a momentum factor associated with investing in PLAYTECH.
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.Other Information on Investing in PLAYTECH Stock
PLAYTECH financial ratios help investors to determine whether PLAYTECH 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 PLAYTECH with respect to the benefits of owning PLAYTECH security.