Wynn Resorts Limited Stock Market Value
| WYNN Stock | USD 93.45 2.16 2.37% |
| Symbol | Wynn |
Wynn Resorts Limited Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Wynn Resorts. If investors know Wynn 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 Wynn Resorts 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 0.091 | Dividend Share 1 | Earnings Share 8.33 | Revenue Per Share 64.328 | Quarterly Revenue Growth 0.013 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' 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 Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' 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 Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' 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.
Wynn Resorts '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 Wynn Resorts' 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 Wynn Resorts.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wynn Resorts on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wynn Resorts Limited or generate 0.0% return on investment in Wynn Resorts over 30 days. Wynn Resorts is related to or competes with MGM Resorts, Caesars Entertainment, Melco Resorts, Penn National, Las Vegas, and Red Rock. Wynn Resorts, Limited designs, develops, and operates integrated resorts More
Wynn Resorts 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 Wynn Resorts' 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 Wynn Resorts Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 17.54 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.93 |
Wynn Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wynn Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wynn Resorts' standard deviation. In reality, there are many statistical measures that can use Wynn Resorts historical prices to predict the future Wynn Resorts' volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.2568 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 1.22 |
Wynn Resorts Limited Backtested Returns
Wynn Resorts appears to be very steady, given 3 months investment horizon. Wynn Resorts Limited shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wynn Resorts Limited, which you can use to evaluate the volatility of the company. Please utilize Wynn Resorts' Market Risk Adjusted Performance of 1.23, mean deviation of 1.7, and Downside Deviation of 2.49 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wynn Resorts holds a performance score of 9. The firm maintains a market beta of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wynn Resorts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wynn Resorts is expected to be smaller as well. Please check Wynn Resorts' potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Wynn Resorts' historical returns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Wynn Resorts Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Wynn Resorts time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Wynn Resorts Limited price movement. The serial correlation of -0.7 indicates that around 70.0% of current Wynn Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 7.75 |
Wynn Resorts Limited lagged returns against current returns
Autocorrelation, which is Wynn Resorts 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 Wynn Resorts' stock expected returns. We can calculate the autocorrelation of Wynn Resorts returns to help us make a trade decision. For example, suppose you find that Wynn Resorts 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 |
Wynn Resorts 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 Wynn Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wynn Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wynn Resorts stock over time.
Current vs Lagged Prices |
| Timeline |
Wynn Resorts Lagged Returns
When evaluating Wynn Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wynn Resorts stock have on its future price. Wynn Resorts 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, Wynn Resorts autocorrelation shows the relationship between Wynn Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in Wynn Resorts Limited.
Regressed Prices |
| Timeline |
Pair Trading with Wynn Resorts
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wynn Resorts position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wynn Resorts will appreciate offsetting losses from the drop in the long position's value.Moving together with Wynn Stock
Moving against Wynn Stock
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| 0.31 | ARKR | Ark Restaurants Corp | PairCorr |
The ability to find closely correlated positions to Wynn Resorts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wynn Resorts when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wynn Resorts - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wynn Resorts Limited to buy it.
The correlation of Wynn Resorts is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wynn Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wynn Resorts Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wynn Resorts can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Wynn Resorts Correlation, Wynn Resorts Volatility and Wynn Resorts Alpha and Beta module to complement your research on Wynn Resorts. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Wynn Resorts 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.