Accel Entertainment Stock Market Value
| ACEL Stock | USD 12.07 0.07 0.58% |
| Symbol | Accel |
Accel Entertainment 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 Accel Entertainment. If investors know Accel 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 Accel Entertainment 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 (0.51) | Earnings Share 0.51 | Revenue Per Share 14.41 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0784 |
The market value of Accel Entertainment is measured differently than its book value, which is the value of Accel that is recorded on the company's balance sheet. Investors also form their own opinion of Accel Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Accel Entertainment'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 Accel Entertainment's market value can be influenced by many factors that don't directly affect Accel Entertainment'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 Accel Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accel Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accel Entertainment'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.
Accel Entertainment '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 Accel Entertainment's 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 Accel Entertainment.
| 10/13/2024 |
| 11/12/2024 |
If you would invest 0.00 in Accel Entertainment on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Accel Entertainment or generate 0.0% return on investment in Accel Entertainment over 30 days. Accel Entertainment is related to or competes with Light Wonder, Everi Holdings, Inspired Entertainment, International Game, PlayAGS, Codere Online, and Gambling. Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United State... More
Accel Entertainment 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 Accel Entertainment's 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 Accel Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.45 |
Accel Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accel Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accel Entertainment's standard deviation. In reality, there are many statistical measures that can use Accel Entertainment historical prices to predict the future Accel Entertainment's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | 0.1576 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accel Entertainment'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.
Accel Entertainment Backtested Returns
As of now, Accel Stock is very steady. Accel Entertainment secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Accel Entertainment, which you can use to evaluate the volatility of the firm. Please confirm Accel Entertainment's mean deviation of 1.03, and Risk Adjusted Performance of 0.108 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Accel Entertainment has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Accel Entertainment returns are very sensitive to returns on the market. As the market goes up or down, Accel Entertainment is expected to follow. Accel Entertainment right now shows a risk of 1.33%. Please confirm Accel Entertainment sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Accel Entertainment will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Accel Entertainment has insignificant predictability. Overlapping area represents the amount of predictability between Accel Entertainment time series from 13th of October 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Accel Entertainment price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Accel Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Accel Entertainment lagged returns against current returns
Autocorrelation, which is Accel Entertainment 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 Accel Entertainment's stock expected returns. We can calculate the autocorrelation of Accel Entertainment returns to help us make a trade decision. For example, suppose you find that Accel Entertainment 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 |
Accel Entertainment 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 Accel Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accel Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accel Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Accel Entertainment Lagged Returns
When evaluating Accel Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accel Entertainment stock have on its future price. Accel Entertainment 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, Accel Entertainment autocorrelation shows the relationship between Accel Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Accel Entertainment.
Regressed Prices |
| Timeline |
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Accel Entertainment 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.