International Game (Germany) Probability of Future Stock Price Finishing Over 23.43

7IG Stock  EUR 18.00  0.20  1.10%   
International Game's future price is the expected price of International Game instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of International Game Technology performance during a given time horizon utilizing its historical volatility. Check out International Game Backtesting, International Game Valuation, International Game Correlation, International Game Hype Analysis, International Game Volatility, International Game History as well as International Game Performance.
  
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International Game Target Price Odds to finish over 23.43

The tendency of International 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 PriceHorizonTarget PriceOdds to move over € 23.43  or more in 90 days
 18.00 90 days 23.43 
near 1
Based on a normal probability distribution, the odds of International Game to move over € 23.43  or more in 90 days from now is near 1 (This International Game Technology probability density function shows the probability of International Stock to fall within a particular range of prices over 90 days) . Probability of International Game price to stay between its current price of € 18.00  and € 23.43  at the end of the 90-day period is about 86.07 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.21 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, International Game will likely underperform. Additionally International Game Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   International Game Price Density   
       Price  

Predictive Modules for International Game

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as International Game. 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.
Hype
Prediction
LowEstimatedHigh
16.1218.0019.88
Details
Intrinsic
Valuation
LowRealHigh
16.3218.2020.08
Details
Naive
Forecast
LowNextHigh
16.5018.3820.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.6418.3018.97
Details

International Game Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. International Game is not an exception. The market had few large corrections towards the International Game'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 International Game Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of International Game within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.26
β
Beta against Dow Jones1.21
σ
Overall volatility
0.60
Ir
Information ratio -0.12

International Game 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 International Game for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for International Game can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
International Game generated a negative expected return over the last 90 days
International Game has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
International Game Technology has accumulated 6.48 B in total debt with debt to equity ratio (D/E) of 321.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. International Game has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist International Game until it has trouble settling it off, either with new capital or with free cash flow. So, International Game's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like International Game sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for International to invest in growth at high rates of return. When we think about International Game's use of debt, we should always consider it together with cash and equity.
About 48.0% of International Game shares are owned by insiders or employees

International Game Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of International Stock often depends not only on the future outlook of the current and potential International Game's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. International Game's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding205.2 M

International Game Technical Analysis

International Game's future price can be derived by breaking down and analyzing its technical indicators over time. International Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of International Game Technology. In general, you should focus on analyzing International Stock price patterns and their correlations with different microeconomic environments and drivers.

International Game Predictive Forecast Models

International Game's time-series forecasting models is one of many International Game'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 International Game'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 International Game

Checking the ongoing alerts about International Game for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for International Game help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
International Game generated a negative expected return over the last 90 days
International Game has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
International Game Technology has accumulated 6.48 B in total debt with debt to equity ratio (D/E) of 321.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. International Game has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist International Game until it has trouble settling it off, either with new capital or with free cash flow. So, International Game's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like International Game sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for International to invest in growth at high rates of return. When we think about International Game's use of debt, we should always consider it together with cash and equity.
About 48.0% of International Game shares are owned by insiders or employees

Additional Information and Resources on Investing in International Stock

When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:
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.