Playlogic Entertainment Stock Market Value
| PLGC Stock | USD 0.0002 0.00 0.00% |
| Symbol | Playlogic |
Is Stock 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 Playlogic Entertainment. If investors know Playlogic 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 Playlogic Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Playlogic Entertainment is measured differently than its book value, which is the value of Playlogic that is recorded on the company's balance sheet. Investors also form their own opinion of Playlogic Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Playlogic Entertainment'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 Playlogic Entertainment's market value can be influenced by many factors that don't directly affect Playlogic Entertainment'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 Playlogic Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Playlogic Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Playlogic Entertainment'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.
Playlogic Entertainment '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 Playlogic Entertainment'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 Playlogic Entertainment.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Playlogic Entertainment on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Playlogic Entertainment or generate 0.0% return on investment in Playlogic Entertainment over 300 days. Playlogic Entertainment is related to or competes with Steven Madden, Rocky Brands, Codexis, Inter Parfums, Vera Bradley, Skechers USA, and Axalta Coating. Playlogic Entertainment Inc. publishes, markets, and sells interactive entertainment products More
Playlogic Entertainment 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 Playlogic Entertainment'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 Playlogic Entertainment upside and downside potential and time the market with a certain degree of confidence.
Playlogic Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playlogic Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playlogic Entertainment's standard deviation. In reality, there are many statistical measures that can use Playlogic Entertainment historical prices to predict the future Playlogic Entertainment's volatility.Playlogic Entertainment Backtested Returns
We have found three technical indicators for Playlogic Entertainment, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Playlogic Entertainment are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Playlogic Entertainment has perfect predictability. Overlapping area represents the amount of predictability between Playlogic Entertainment time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Playlogic Entertainment price movement. The serial correlation of 1.0 indicates that 100.0% of current Playlogic Entertainment 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 |
Playlogic Entertainment lagged returns against current returns
Autocorrelation, which is Playlogic Entertainment 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 Playlogic Entertainment's stock expected returns. We can calculate the autocorrelation of Playlogic Entertainment returns to help us make a trade decision. For example, suppose you find that Playlogic Entertainment 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 |
Playlogic Entertainment 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 Playlogic Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playlogic Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playlogic Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Playlogic Entertainment Lagged Returns
When evaluating Playlogic Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playlogic Entertainment stock have on its future price. Playlogic Entertainment 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, Playlogic Entertainment autocorrelation shows the relationship between Playlogic Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Playlogic Entertainment.
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.When determining whether Playlogic Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Playlogic Entertainment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Playlogic Entertainment Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Playlogic Entertainment Stock:Check out Playlogic Entertainment Correlation, Playlogic Entertainment Volatility and Playlogic Entertainment Alpha and Beta module to complement your research on Playlogic Entertainment. For information on how to trade Playlogic Stock refer to our How to Trade Playlogic Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Playlogic Entertainment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.