Mgm Resorts International Stock Market Value
| MGM Stock | USD 42.55 0.30 0.70% |
| Symbol | MGM |
MGM Resorts International Price To Book Ratio
Is MGM Resorts' industry 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 MGM Resorts. If investors know MGM 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 MGM 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 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM 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 MGM Resorts' market value can be influenced by many factors that don't directly affect MGM 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 MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM 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.
MGM 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 MGM 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 MGM Resorts.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in MGM Resorts on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding MGM Resorts International or generate 0.0% return on investment in MGM Resorts over 30 days. MGM Resorts is related to or competes with Wynn Resorts, Caesars Entertainment, Melco Resorts, Penn National, Las Vegas, and Red Rock. MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the U... More
MGM 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 MGM 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 MGM Resorts International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.89 |
MGM Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGM Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGM Resorts' standard deviation. In reality, there are many statistical measures that can use MGM Resorts historical prices to predict the future MGM Resorts' volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.0003) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGM Resorts' 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.
MGM Resorts International Backtested Returns
MGM Resorts International has Sharpe Ratio of -0.0075, which conveys that the firm had a -0.0075% return per unit of volatility over the last 3 months. MGM Resorts exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MGM Resorts' mean deviation of 1.13, and Risk Adjusted Performance of 0.0099 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MGM Resorts will likely underperform. MGM Resorts International has an expected return of -0.0131%. Please make sure to verify MGM Resorts International expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if MGM Resorts International performance from the past will be repeated at future time.
Auto-correlation | -0.57 |
Good reverse predictability
MGM Resorts International has good reverse predictability. Overlapping area represents the amount of predictability between MGM Resorts time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 MGM Resorts International price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current MGM Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
MGM Resorts International lagged returns against current returns
Autocorrelation, which is MGM 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 MGM Resorts' stock expected returns. We can calculate the autocorrelation of MGM Resorts returns to help us make a trade decision. For example, suppose you find that MGM 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 |
MGM 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 MGM Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGM Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGM Resorts stock over time.
Current vs Lagged Prices |
| Timeline |
MGM Resorts Lagged Returns
When evaluating MGM Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGM Resorts stock have on its future price. MGM 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, MGM Resorts autocorrelation shows the relationship between MGM Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in MGM Resorts International.
Regressed Prices |
| Timeline |
MGM Resorts Investors Sentiment
The influence of MGM Resorts' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGM Resorts' public news can be used to forecast risks associated with an investment in MGM. The trend in average sentiment can be used to explain how an investor holding MGM can time the market purely based on public headlines and social activities around MGM Resorts International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGM Resorts' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGM Resorts' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGM Resorts' news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGM Resorts.
MGM Resorts Implied Volatility | 45.55 |
MGM Resorts' implied volatility exposes the market's sentiment of MGM Resorts International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MGM Resorts' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MGM Resorts stock will not fluctuate a lot when MGM Resorts' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGM Resorts in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGM Resorts' short interest history, or implied volatility extrapolated from MGM Resorts options trading.
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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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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.