Playtika Holding Corp Stock Market Value
| PLTK Stock | USD 8.54 0.06 0.70% |
| Symbol | Playtika |
Playtika Holding Corp Price To Book Ratio
Is Movies & 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 Playtika Holding. If investors know Playtika 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 Playtika Holding 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 0.056 | Dividend Share 0.3 | Earnings Share 0.58 | Revenue Per Share 6.847 | Quarterly Revenue Growth (0.01) |
The market value of Playtika Holding Corp is measured differently than its book value, which is the value of Playtika that is recorded on the company's balance sheet. Investors also form their own opinion of Playtika Holding's value that differs from its market value or its book value, called intrinsic value, which is Playtika Holding'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 Playtika Holding's market value can be influenced by many factors that don't directly affect Playtika Holding'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 Playtika Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Playtika Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Playtika Holding'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.
Playtika Holding '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 Playtika Holding'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 Playtika Holding.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Playtika Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Playtika Holding Corp or generate 0.0% return on investment in Playtika Holding over 30 days. Playtika Holding is related to or competes with Doubledown Interactive, SohuCom, Playstudios, GDEV, Snail,, Golden Matrix, and GameSquare Holdings. Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, an... More
Playtika Holding 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 Playtika Holding'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 Playtika Holding Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 3.06 |
Playtika Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playtika Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playtika Holding's standard deviation. In reality, there are many statistical measures that can use Playtika Holding historical prices to predict the future Playtika Holding's volatility.| Risk Adjusted Performance | 0.1215 | |||
| Jensen Alpha | 0.136 | |||
| Total Risk Alpha | 0.0256 | |||
| Sortino Ratio | 0.0951 | |||
| Treynor Ratio | 0.2334 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Playtika Holding'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.
Playtika Holding Corp Backtested Returns
As of now, Playtika Stock is not too volatile. Playtika Holding Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Playtika Holding Corp, which you can use to evaluate the volatility of the company. Please check Playtika Holding's Coefficient Of Variation of 656.16, semi deviation of 1.19, and Risk Adjusted Performance of 0.1215 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Playtika Holding has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Playtika Holding returns are very sensitive to returns on the market. As the market goes up or down, Playtika Holding is expected to follow. Playtika Holding Corp right now holds a risk of 1.48%. Please check Playtika Holding Corp standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Playtika Holding Corp will be following its historical price patterns.
Auto-correlation | 0.82 |
Very good predictability
Playtika Holding Corp has very good predictability. Overlapping area represents the amount of predictability between Playtika Holding time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Playtika Holding Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Playtika Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Playtika Holding Corp lagged returns against current returns
Autocorrelation, which is Playtika Holding 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 Playtika Holding's stock expected returns. We can calculate the autocorrelation of Playtika Holding returns to help us make a trade decision. For example, suppose you find that Playtika Holding 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 |
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Playtika Holding 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 Playtika Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playtika Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playtika Holding stock over time.
Current vs Lagged Prices |
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Playtika Holding Lagged Returns
When evaluating Playtika Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playtika Holding stock have on its future price. Playtika Holding 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, Playtika Holding autocorrelation shows the relationship between Playtika Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Playtika Holding Corp.
Regressed Prices |
| Timeline |
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Playtika Holding 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.