MGM Resorts (Germany) Technical Analysis
| MGG Stock | EUR 35.50 0.21 0.60% |
As of the 1st of December, MGM Resorts secures the mean deviation of 1.46, and Risk Adjusted Performance of 0.0458. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of MGM Resorts International, as well as the relationship between them. Please verify MGM Resorts International jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if MGM Resorts International is priced more or less accurately, providing market reflects its recent price of 35.5 per share.
MGM Resorts Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MGM, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MGMMGM |
MGM 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.
MGM Resorts International Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MGM Resorts International volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MGM Resorts International Trend Analysis
Use this graph to draw trend lines for MGM Resorts International. You can use it to identify possible trend reversals for MGM Resorts as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MGM Resorts price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MGM Resorts Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MGM Resorts International applied against its price change over selected period. The best fit line has a slop of 0.05 , which means MGM Resorts International will continue generating value for investors. It has 122 observation points and a regression sum of squares at 79.42, which is the sum of squared deviations for the predicted MGM Resorts price change compared to its average price change.About MGM Resorts Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MGM Resorts International on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MGM Resorts International based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MGM Resorts International price pattern first instead of the macroeconomic environment surrounding MGM Resorts International. By analyzing MGM Resorts's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MGM Resorts's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MGM Resorts specific price patterns or momentum indicators. Please read more on our technical analysis page.
MGM Resorts December 1, 2024 Technical Indicators
Most technical analysis of MGM help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MGM from various momentum indicators to cycle indicators. When you analyze MGM charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0458 | |||
| Market Risk Adjusted Performance | 0.0951 | |||
| Mean Deviation | 1.46 | |||
| Semi Deviation | 1.87 | |||
| Downside Deviation | 1.99 | |||
| Coefficient Of Variation | 1919.87 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.66 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0851 | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.95 | |||
| Downside Variance | 3.98 | |||
| Semi Variance | 3.51 | |||
| Expected Short fall | (1.61) | |||
| Skewness | (0.39) | |||
| Kurtosis | 0.9615 |
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
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