Playgon Games Stock Market Value

DEAL Stock  CAD 0.01  0.01  50.00%   
Playgon Games' market value is the price at which a share of Playgon Games trades on a public exchange. It measures the collective expectations of Playgon Games investors about its performance. Playgon Games is selling for under 0.01 as of the 5th of December 2024; that is 50 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.01.
With this module, you can estimate the performance of a buy and hold strategy of Playgon Games and determine expected loss or profit from investing in Playgon Games over a given investment horizon. Check out Playgon Games Correlation, Playgon Games Volatility and Playgon Games Alpha and Beta module to complement your research on Playgon Games.
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Playgon Games Price To Book Ratio

Please note, there is a significant difference between Playgon Games' value and its price as these two are different measures arrived at by different means. Investors typically determine if Playgon Games is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Playgon Games' 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.

Playgon Games '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 Playgon Games' 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 Playgon Games.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in Playgon Games on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Playgon Games or generate 0.0% return on investment in Playgon Games over 30 days. Playgon Games is related to or competes with Nubeva Technologies, and Quisitive Technology. Playgon Games Inc. operates in the daily fantasy sports industry More

Playgon Games 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 Playgon Games' 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 Playgon Games upside and downside potential and time the market with a certain degree of confidence.

Playgon Games Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Playgon Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playgon Games' standard deviation. In reality, there are many statistical measures that can use Playgon Games historical prices to predict the future Playgon Games' volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0124.04
Details
Intrinsic
Valuation
LowRealHigh
0.000.0124.04
Details

Playgon Games Backtested Returns

Playgon Games appears to be out of control, given 3 months investment horizon. Playgon Games maintains Sharpe Ratio (i.e., Efficiency) of 0.033, which implies the firm had a 0.033% return per unit of risk over the last 3 months. By analyzing Playgon Games' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please evaluate Playgon Games' Semi Deviation of 14.07, coefficient of variation of 2436.69, and Risk Adjusted Performance of 0.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Playgon Games holds a performance score of 2. The company holds a Beta of 6.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Playgon Games will likely underperform. Please check Playgon Games' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Playgon Games' historical price patterns will revert.

Auto-correlation

    
  0.04  

Virtually no predictability

Playgon Games has virtually no predictability. Overlapping area represents the amount of predictability between Playgon Games time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Playgon Games price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Playgon Games price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.0

Playgon Games lagged returns against current returns

Autocorrelation, which is Playgon Games 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 Playgon Games' stock expected returns. We can calculate the autocorrelation of Playgon Games returns to help us make a trade decision. For example, suppose you find that Playgon Games 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  

Playgon Games 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 Playgon Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playgon Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playgon Games stock over time.
   Current vs Lagged Prices   
       Timeline  

Playgon Games Lagged Returns

When evaluating Playgon Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playgon Games stock have on its future price. Playgon Games 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, Playgon Games autocorrelation shows the relationship between Playgon Games stock current value and its past values and can show if there is a momentum factor associated with investing in Playgon Games.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Playgon Stock Analysis

When running Playgon Games' price analysis, check to measure Playgon Games' 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 Playgon Games is operating at the current time. Most of Playgon Games' value examination focuses on studying past and present price action to predict the probability of Playgon Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Playgon Games' price. Additionally, you may evaluate how the addition of Playgon Games to your portfolios can decrease your overall portfolio volatility.