Boyd Gaming (Germany) Market Value
| BO5 Stock | 62.50 2.00 3.31% |
| Symbol | Boyd |
Boyd 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 Boyd 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 Boyd Gaming.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Boyd Gaming on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Boyd Gaming or generate 0.0% return on investment in Boyd Gaming over 90 days. Boyd Gaming is related to or competes with GREENX METALS, DISTRICT METALS, Eastman Chemical, ARDAGH METAL, KINGBOARD CHEMICAL, and MCEWEN MINING. More
Boyd 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 Boyd 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 Boyd Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.14 |
Boyd Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boyd Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boyd Gaming's standard deviation. In reality, there are many statistical measures that can use Boyd Gaming historical prices to predict the future Boyd Gaming's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0638 | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boyd Gaming's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Boyd Gaming Backtested Returns
Boyd Gaming secures Sharpe Ratio (or Efficiency) of -0.0914, which signifies that the company had a -0.0914 % return per unit of risk over the last 3 months. Boyd Gaming exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boyd Gaming's Mean Deviation of 1.36, risk adjusted performance of (0.07), and Standard Deviation of 1.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Boyd Gaming's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boyd Gaming is expected to be smaller as well. At this point, Boyd Gaming has a negative expected return of -0.17%. Please make sure to confirm Boyd Gaming's rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Boyd Gaming performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Boyd Gaming has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Boyd Gaming time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Boyd Gaming price movement. The serial correlation of -0.74 indicates that around 74.0% of current Boyd Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 16.32 |
Boyd Gaming lagged returns against current returns
Autocorrelation, which is Boyd 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 Boyd Gaming's stock expected returns. We can calculate the autocorrelation of Boyd Gaming returns to help us make a trade decision. For example, suppose you find that Boyd 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 |
Boyd 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 Boyd Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boyd Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boyd Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Boyd Gaming Lagged Returns
When evaluating Boyd Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boyd Gaming stock have on its future price. Boyd 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, Boyd Gaming autocorrelation shows the relationship between Boyd Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Boyd Gaming.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Boyd Stock Analysis
When running Boyd Gaming's price analysis, check to measure Boyd 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 Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd 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 Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.