Evolution Gaming (UK) Probability of Future Stock Price Finishing Under 1001.0
| 0RQ6 Stock | 980.60 6.70 0.69% |
Evolution |
Evolution Gaming Target Price Odds to finish below 1001.0
The tendency of Evolution Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 1,001 after 90 days |
| 980.60 | 90 days | 1,001 | about 67.96 |
Based on a normal probability distribution, the odds of Evolution Gaming to stay under 1,001 after 90 days from now is about 67.96 (This Evolution Gaming Group probability density function shows the probability of Evolution Stock to fall within a particular range of prices over 90 days) . Probability of Evolution Gaming price to stay between its current price of 980.60 and 1,001 at the end of the 90-day period is about 29.43 .
Assuming the 90 days trading horizon Evolution Gaming Group has a beta of -0.68. This suggests as returns on the benchmark increase, returns on holding Evolution Gaming are expected to decrease at a much lower rate. During a bear market, however, Evolution Gaming Group is likely to outperform the market. Additionally Evolution Gaming Group has an alpha of 0.0662, implying that it can generate a 0.0662 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Evolution Gaming Price Density |
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Predictive Modules for Evolution Gaming
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Evolution Gaming. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Evolution Gaming Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Evolution Gaming is not an exception. The market had few large corrections towards the Evolution Gaming's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Evolution Gaming Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Evolution Gaming within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.68 | |
σ | Overall volatility | 26.88 | |
Ir | Information ratio | -0.06 |
Evolution Gaming Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Evolution Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Evolution Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Evolution Gaming generated a negative expected return over the last 90 days | |
| Evolution Gaming is unlikely to experience financial distress in the next 2 years | |
| About 21.0% of the company shares are owned by insiders or employees |
Evolution Gaming Technical Analysis
Evolution Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Evolution Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Evolution Gaming Group. In general, you should focus on analyzing Evolution Stock price patterns and their correlations with different microeconomic environments and drivers.
Evolution Gaming Predictive Forecast Models
Evolution Gaming's time-series forecasting models is one of many Evolution Gaming's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Evolution Gaming's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Evolution Gaming
Checking the ongoing alerts about Evolution Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Evolution Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Evolution Gaming generated a negative expected return over the last 90 days | |
| Evolution Gaming is unlikely to experience financial distress in the next 2 years | |
| About 21.0% of the company shares are owned by insiders or employees |
Additional Tools for Evolution Stock Analysis
When running Evolution Gaming's price analysis, check to measure Evolution Gaming'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 Evolution Gaming is operating at the current time. Most of Evolution Gaming's value examination focuses on studying past and present price action to predict the probability of Evolution Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Gaming's price. Additionally, you may evaluate how the addition of Evolution Gaming to your portfolios can decrease your overall portfolio volatility.