International Game Technology Stock Market Value
| IGT Stock | USD 17.08 0.21 1.21% |
| Symbol | International |
International Game 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 International Game. If investors know International 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 International Game 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 (0.93) | Dividend Share 0.8 | Earnings Share 0.56 | Revenue Per Share 21.519 | Quarterly Revenue Growth (0.03) |
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game'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 International Game's market value can be influenced by many factors that don't directly affect International Game'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 International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game'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.
International Game '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 International Game'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 International Game.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in International Game on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding International Game Technology or generate 0.0% return on investment in International Game over 90 days. International Game is related to or competes with Accel Entertainment, PlayAGS, Everi Holdings, Light Wonder, and Inspired Entertainment. International Game Technology PLC operates and provides gaming technology products and services in North America, Europe... More
International Game 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 International Game'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 International Game Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.44 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.02 |
International Game Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Game's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Game's standard deviation. In reality, there are many statistical measures that can use International Game historical prices to predict the future International Game's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (2.60) |
International Game Backtested Returns
International Game holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. International Game exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Game's Risk Adjusted Performance of (0.14), standard deviation of 1.59, and Market Risk Adjusted Performance of (2.59) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Game's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Game is expected to be smaller as well. At this point, International Game has a negative expected return of -0.32%. Please make sure to check out International Game's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if International Game performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
International Game Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between International Game time series from 29th of September 2024 to 13th of November 2024 and 13th of November 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 International Game price movement. The serial correlation of -0.15 indicates that less than 15.0% of current International Game price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
International Game lagged returns against current returns
Autocorrelation, which is International Game 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 International Game's stock expected returns. We can calculate the autocorrelation of International Game returns to help us make a trade decision. For example, suppose you find that International Game 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 |
International Game 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 International Game stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Game stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Game stock over time.
Current vs Lagged Prices |
| Timeline |
International Game Lagged Returns
When evaluating International Game's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Game stock have on its future price. International Game 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, International Game autocorrelation shows the relationship between International Game stock current value and its past values and can show if there is a momentum factor associated with investing in International Game Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for International Stock Analysis
When running International Game's price analysis, check to measure International Game'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 International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.