Boyd Competitors
| BYD Stock | USD 71.16 0.35 0.49% |
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Boyd |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boyd Gaming'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.
Boyd Gaming Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Boyd Gaming and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Boyd and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Boyd Gaming does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Boyd Stock performing well and Boyd Gaming Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Boyd Gaming's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGM | 1.48 | (0.17) | 0.00 | (0.11) | 0.00 | 3.31 | 14.38 | |||
| LVS | 1.59 | 0.34 | 0.19 | 0.41 | 1.44 | 3.66 | 12.86 | |||
| WYNN | 1.90 | 0.20 | 0.07 | 0.57 | 2.49 | 4.93 | 17.54 | |||
| PENN | 2.16 | (0.12) | 0.00 | (0.08) | 0.00 | 4.52 | 10.06 | |||
| MLCO | 2.39 | 0.17 | 0.05 | 2.73 | 2.59 | 5.17 | 22.74 | |||
| CZR | 1.83 | (0.32) | 0.00 | (0.18) | 0.00 | 3.25 | 13.46 | |||
| MCRI | 1.00 | 0.04 | 0.02 | 0.06 | 1.38 | 1.79 | 11.30 | |||
| GDEN | 1.51 | (0.12) | 0.00 | (0.05) | 0.00 | 3.76 | 12.90 | |||
| BALY | 0.24 | 0.03 | 0.01 | 0.37 | 0.16 | 0.69 | 2.08 | |||
| CNTY | 3.06 | 0.55 | 0.17 | 0.65 | 3.12 | 7.30 | 19.96 |
Cross Equities Net Income Analysis
Compare Boyd Gaming and related stocks such as MGM Resorts International, Las Vegas Sands, and Wynn Resorts Limited Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MGM | 4.3 M | 3.1 B | (1.8 B) | (156.6 M) | (149.9 M) | (447.7 M) | 1.1 B | 2 B | 466.8 M | 2 B | (1.3 B) | 1.3 B | 206.7 M | 1.1 B | 1.2 B |
| LVS | 16.9 M | 1.6 B | 1.5 B | 2.3 B | 2.8 B | 2 B | 1.7 B | 2.8 B | 2.4 B | 2.7 B | (1.4 B) | (1.2 B) | (1.1 B) | 1.2 B | 864.1 M |
| WYNN | (10.6 M) | 613.4 M | 502 M | 728.7 M | 731.6 M | 195.3 M | 242 M | 747.2 M | 584.2 M | 311.4 M | (2.3 B) | (1 B) | (709.4 M) | 730 M | 766.5 M |
| PENN | 1.3 M | 242.4 M | 212 M | (794.3 M) | (233.2 M) | 686 K | 109.3 M | 502.9 M | 93.5 M | 43.9 M | (669.1 M) | 420.8 M | 222.1 M | (490 M) | (465.5 M) |
| MLCO | 137 K | 294.7 M | 481.9 M | 637.5 M | 608.3 M | 105.7 M | 175.9 M | 347 M | 351.5 M | 373.2 M | (1.5 B) | (956.5 M) | (1.1 B) | (326.9 M) | (310.6 M) |
| CZR | 154 M | (725 M) | (991 K) | 18.9 M | (14.4 M) | 114.2 M | 24.8 M | 73.9 M | 95.2 M | 81 M | (1.8 B) | (986 M) | (524 M) | 786 M | 825.3 M |
| MCRI | 500 K | 5.7 M | 8.9 M | 18 M | 14.2 M | 20.7 M | 24.6 M | 25.5 M | 34.1 M | 31.8 M | 23.7 M | 68.5 M | 87.5 M | 82.4 M | 86.6 M |
| GDEN | 61.2 M | (1.8 M) | 3.2 M | 18.7 M | (24.8 M) | 24.5 M | 16.3 M | 2.2 M | (20.9 M) | (39.5 M) | (136.6 M) | 161.8 M | 82.3 M | 255.8 M | 268.5 M |
| BALY | 44.8 M | 44.8 M | 44.8 M | 44.8 M | 44.8 M | 44.8 M | 44.8 M | 62.2 M | 71.4 M | 55.1 M | (5.5 M) | (71.8 M) | (425.5 M) | (187.5 M) | (178.1 M) |
| CNTY | (3.1 M) | 3 M | 4.1 M | 6.2 M | 1.2 M | 11.9 M | 9.2 M | 6.3 M | 3.4 M | (16.1 M) | (48.1 M) | 20.6 M | 13.7 M | (28.2 M) | (26.8 M) |
Boyd Gaming and related stocks such as MGM Resorts International, Las Vegas Sands, and Wynn Resorts Limited Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Boyd Gaming financial statement analysis. It represents the amount of money remaining after all of Boyd Gaming operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Boyd Gaming Competitive Analysis
The better you understand Boyd Gaming competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Boyd Gaming's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Boyd Gaming's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Boyd Gaming Competition Performance Charts
Five steps to successful analysis of Boyd Gaming Competition
Boyd Gaming's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Boyd Gaming in relation to its competition. Boyd Gaming's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Boyd Gaming in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Boyd Gaming's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Boyd Gaming, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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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 Boyd Gaming. If investors know Boyd 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 Boyd Gaming 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 0.065 | Dividend Share 0.67 | Earnings Share 5.26 | Revenue Per Share 40.123 | Quarterly Revenue Growth 0.064 |
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming'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 Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming'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 Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming'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.