Playags Stock Market Value
| AGS Stock | USD 11.47 0.11 0.95% |
| Symbol | PlayAGS |
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 PlayAGS. If investors know PlayAGS 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 PlayAGS 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 (0.50) | Earnings Share 0.17 | Revenue Per Share 9.774 | Quarterly Revenue Growth 0.11 | Return On Assets 0.0635 |
The market value of PlayAGS is measured differently than its book value, which is the value of PlayAGS that is recorded on the company's balance sheet. Investors also form their own opinion of PlayAGS's value that differs from its market value or its book value, called intrinsic value, which is PlayAGS'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 PlayAGS's market value can be influenced by many factors that don't directly affect PlayAGS'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 PlayAGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if PlayAGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PlayAGS'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.
PlayAGS '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 PlayAGS'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 PlayAGS.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in PlayAGS on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding PlayAGS or generate 0.0% return on investment in PlayAGS over 720 days. PlayAGS is related to or competes with Light Wonder, Everi Holdings, Inspired Entertainment, International Game, Accel Entertainment, Codere Online, and Gambling. PlayAGS, Inc. designs and supplies gaming products and services for the gaming industry in the United States and interna... More
PlayAGS 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 PlayAGS'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 PlayAGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2792 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.515 |
PlayAGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PlayAGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PlayAGS's standard deviation. In reality, there are many statistical measures that can use PlayAGS historical prices to predict the future PlayAGS's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | 0.0136 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 6.91 |
PlayAGS Backtested Returns
Currently, PlayAGS is very steady. PlayAGS maintains Sharpe Ratio (i.e., Efficiency) of 0.0402, which implies the firm had a 0.0402% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PlayAGS, which you can use to evaluate the volatility of the company. Please check PlayAGS's Semi Deviation of 0.1401, risk adjusted performance of 0.0745, and Coefficient Of Variation of 833.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.0115%. PlayAGS has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.003, which implies not very significant fluctuations relative to the market. As returns on the market increase, PlayAGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding PlayAGS is expected to be smaller as well. PlayAGS right now holds a risk of 0.29%. Please check PlayAGS coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if PlayAGS will be following its historical price patterns.
Auto-correlation | 0.44 |
Average predictability
PlayAGS has average predictability. Overlapping area represents the amount of predictability between PlayAGS time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th of December 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 PlayAGS price movement. The serial correlation of 0.44 indicates that just about 44.0% of current PlayAGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
PlayAGS lagged returns against current returns
Autocorrelation, which is PlayAGS 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 PlayAGS's stock expected returns. We can calculate the autocorrelation of PlayAGS returns to help us make a trade decision. For example, suppose you find that PlayAGS 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 |
PlayAGS 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 PlayAGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PlayAGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PlayAGS stock over time.
Current vs Lagged Prices |
| Timeline |
PlayAGS Lagged Returns
When evaluating PlayAGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PlayAGS stock have on its future price. PlayAGS 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, PlayAGS autocorrelation shows the relationship between PlayAGS stock current value and its past values and can show if there is a momentum factor associated with investing in PlayAGS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PlayAGS Stock Analysis
When running PlayAGS's price analysis, check to measure PlayAGS's 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 PlayAGS is operating at the current time. Most of PlayAGS's value examination focuses on studying past and present price action to predict the probability of PlayAGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PlayAGS's price. Additionally, you may evaluate how the addition of PlayAGS to your portfolios can decrease your overall portfolio volatility.