Empire Global Gaming Stock Market Value
| EPGG Stock | USD 0.0001 0.00 0.00% |
| Symbol | Empire |
Empire Global '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 Empire Global's pink sheet 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 Empire Global.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Empire Global on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Global Gaming or generate 0.0% return on investment in Empire Global over 90 days. Empire Global is related to or competes with Everi Holdings, Light Wonder, International Game, PlayAGS, Accel Entertainment, and Codere Online. Empire Global Gaming, Inc. engages in gaming business worldwide More
Empire Global 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 Empire Global's pink sheet 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 Empire Global Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 66.67 |
Empire Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Global's standard deviation. In reality, there are many statistical measures that can use Empire Global historical prices to predict the future Empire Global's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (2.25) | |||
| Treynor Ratio | (17.35) |
Empire Global Gaming Backtested Returns
Empire Global is out of control given 3 months investment horizon. Empire Global Gaming secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We were able to analyze and collect data for eighteen different technical indicators, which can help you to evaluate if expected returns of 13.02% are justified by taking the suggested risk. Use Empire Global Standard Deviation of 8.21, variance of 67.34, and Mean Deviation of 1.99 to evaluate company specific risk that cannot be diversified away. Empire Global holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0588, which means not very significant fluctuations relative to the market. As returns on the market increase, Empire Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empire Global is expected to be smaller as well. Use Empire Global skewness, as well as the relationship between the rate of daily change and price action indicator , to analyze future returns on Empire Global.
Auto-correlation | 0.31 |
Below average predictability
Empire Global Gaming has below average predictability. Overlapping area represents the amount of predictability between Empire Global time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Empire Global Gaming price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Empire Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Empire Global Gaming lagged returns against current returns
Autocorrelation, which is Empire Global pink sheet'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 Empire Global's pink sheet expected returns. We can calculate the autocorrelation of Empire Global returns to help us make a trade decision. For example, suppose you find that Empire Global has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Empire Global 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 Empire Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Empire Global Lagged Returns
When evaluating Empire Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Global pink sheet have on its future price. Empire Global 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, Empire Global autocorrelation shows the relationship between Empire Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Empire Global Gaming.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Empire Pink Sheet
Empire Global financial ratios help investors to determine whether Empire Pink Sheet 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 Empire with respect to the benefits of owning Empire Global security.