Light Wonder Stock Market Value
| LNW Stock | USD 96.42 2.01 2.13% |
| Symbol | Light |
Light Wonder 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 Light Wonder. If investors know Light 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 Light Wonder 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 (0.12) | Earnings Share 3.21 | Revenue Per Share 35.036 | Quarterly Revenue Growth 0.118 | Return On Assets 0.0858 |
The market value of Light Wonder is measured differently than its book value, which is the value of Light that is recorded on the company's balance sheet. Investors also form their own opinion of Light Wonder's value that differs from its market value or its book value, called intrinsic value, which is Light Wonder'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 Light Wonder's market value can be influenced by many factors that don't directly affect Light Wonder'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 Light Wonder's value and its price as these two are different measures arrived at by different means. Investors typically determine if Light Wonder is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Light Wonder'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.
Light Wonder '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 Light Wonder'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 Light Wonder.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Light Wonder on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Light Wonder or generate 0.0% return on investment in Light Wonder over 30 days. Light Wonder is related to or competes with Codere Online, Inspired Entertainment, International Game, Accel Entertainment, PlayAGS, Everi Holdings, and Churchill Downs. Light Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social ... More
Light Wonder 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 Light Wonder'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 Light Wonder upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.15 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.45 |
Light Wonder Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Light Wonder's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Light Wonder's standard deviation. In reality, there are many statistical measures that can use Light Wonder historical prices to predict the future Light Wonder's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.22) |
Light Wonder Backtested Returns
Light Wonder has Sharpe Ratio of -0.0391, which conveys that the firm had a -0.0391% return per unit of risk over the last 3 months. Light Wonder exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Light Wonder's Standard Deviation of 3.05, risk adjusted performance of (0.03), and Mean Deviation of 1.54 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Light Wonder's returns are expected to increase less than the market. However, during the bear market, the loss of holding Light Wonder is expected to be smaller as well. At this point, Light Wonder has a negative expected return of -0.12%. Please make sure to verify Light Wonder's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Light Wonder performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Light Wonder has very weak reverse predictability. Overlapping area represents the amount of predictability between Light Wonder time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Light Wonder price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Light Wonder price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 20.3 |
Light Wonder lagged returns against current returns
Autocorrelation, which is Light Wonder 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 Light Wonder's stock expected returns. We can calculate the autocorrelation of Light Wonder returns to help us make a trade decision. For example, suppose you find that Light Wonder 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 |
Light Wonder 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 Light Wonder stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Light Wonder stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Light Wonder stock over time.
Current vs Lagged Prices |
| Timeline |
Light Wonder Lagged Returns
When evaluating Light Wonder's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Light Wonder stock have on its future price. Light Wonder 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, Light Wonder autocorrelation shows the relationship between Light Wonder stock current value and its past values and can show if there is a momentum factor associated with investing in Light Wonder.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Light Stock Analysis
When running Light Wonder's price analysis, check to measure Light Wonder'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 Light Wonder is operating at the current time. Most of Light Wonder's value examination focuses on studying past and present price action to predict the probability of Light Wonder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light Wonder's price. Additionally, you may evaluate how the addition of Light Wonder to your portfolios can decrease your overall portfolio volatility.