Gaming (Germany) Market Value
| 2GL Stock | EUR 44.51 0.53 1.18% |
| Symbol | Gaming |
Gaming '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 Gaming'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 Gaming.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Gaming on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Gaming and Leisure or generate 0.0% return on investment in Gaming over 720 days. Gaming is related to or competes with Crown Castle, Equinix, W P, Lamar Advertising, DEXUS, and GPT. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operator... More
Gaming 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 Gaming'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 Gaming and Leisure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.7 |
Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gaming's standard deviation. In reality, there are many statistical measures that can use Gaming historical prices to predict the future Gaming's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.0009) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0265 |
Gaming and Leisure Backtested Returns
At this point, Gaming is very steady. Gaming and Leisure holds Efficiency (Sharpe) Ratio of 1.0E-4, which attests that the entity had a 1.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gaming and Leisure, which you can use to evaluate the volatility of the firm. Please check out Gaming's Market Risk Adjusted Performance of 0.0365, risk adjusted performance of 0.0063, and Downside Deviation of 1.35 to validate if the risk estimate we provide is consistent with the expected return of 2.0E-4%. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gaming are expected to decrease at a much lower rate. During the bear market, Gaming is likely to outperform the market. Gaming and Leisure right now retains a risk of 1.15%. Please check out Gaming semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Gaming will be following its current trending patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Gaming and Leisure has good reverse predictability. Overlapping area represents the amount of predictability between Gaming time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Gaming and Leisure price movement. The serial correlation of -0.55 indicates that about 55.0% of current Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 9.91 |
Gaming and Leisure lagged returns against current returns
Autocorrelation, which is Gaming 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 Gaming's stock expected returns. We can calculate the autocorrelation of Gaming returns to help us make a trade decision. For example, suppose you find that Gaming 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 |
Gaming 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 Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Gaming Lagged Returns
When evaluating Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gaming stock have on its future price. Gaming 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, Gaming autocorrelation shows the relationship between Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Gaming and Leisure.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gaming Stock
Gaming financial ratios help investors to determine whether Gaming Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gaming with respect to the benefits of owning Gaming security.