International Game Technology Market Value
| 460599AD5 | 100.40 0.82 0.81% |
| Symbol | International |
International '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 International's bond 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 International.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in International on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding International Game Technology or generate 0.0% return on investment in International over 180 days. International is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
International 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 International's bond 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 International Game Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.6513 |
International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International's standard deviation. In reality, there are many statistical measures that can use International historical prices to predict the future International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.49) |
International Game Backtested Returns
International Game holds Efficiency (Sharpe) Ratio of -0.0779, which attests that the entity had a -0.0779% return per unit of risk over the last 3 months. International Game exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International's Risk Adjusted Performance of (0.01), standard deviation of 0.793, and Market Risk Adjusted Performance of (0.48) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of 0.0428, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International's returns are expected to increase less than the market. However, during the bear market, the loss of holding International is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
International Game Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between International time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 International Game price movement. The serial correlation of -0.72 indicates that around 72.0% of current International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
International Game lagged returns against current returns
Autocorrelation, which is International bond'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 International's bond expected returns. We can calculate the autocorrelation of International returns to help us make a trade decision. For example, suppose you find that International has exhibited high autocorrelation historically, and you observe that the bond 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 |
International 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 International bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International bond over time.
Current vs Lagged Prices |
| Timeline |
International Lagged Returns
When evaluating International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International bond have on its future price. International 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, International autocorrelation shows the relationship between International bond current value and its past values and can show if there is a momentum factor associated with investing in International Game Technology.
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.Other Information on Investing in International Bond
International financial ratios help investors to determine whether International Bond 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 International with respect to the benefits of owning International security.