Playtech Plc (Germany) Market Value
| PL8 Stock | 8.73 0.19 2.22% |
| Symbol | Playtech |
Playtech Plc '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 Playtech Plc'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 Playtech Plc.
| 11/28/2024 |
| 02/26/2025 |
If you would invest 0.00 in Playtech Plc on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Playtech plc or generate 0.0% return on investment in Playtech Plc over 90 days. Playtech Plc is related to or competes with Stag Industrial, National Beverage, THAI BEVERAGE, Molson Coors, MCEWEN MINING, and Ringmetall. More
Playtech Plc 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 Playtech Plc'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 Playtech plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.37 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.58 |
Playtech Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playtech Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playtech Plc's standard deviation. In reality, there are many statistical measures that can use Playtech Plc historical prices to predict the future Playtech Plc's volatility.| Risk Adjusted Performance | 0.0041 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Playtech Plc'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.
Playtech plc Backtested Returns
Playtech plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0209, which implies the firm had a -0.0209 % return per unit of risk over the last 3 months. Playtech plc exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Playtech Plc's Coefficient Of Variation of 59581.22, semi deviation of 0.9966, and Risk Adjusted Performance of 0.0041 to confirm the risk estimate we provide. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Playtech Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Playtech Plc is expected to be smaller as well. At this point, Playtech plc has a negative expected return of -0.0221%. Please make sure to check Playtech Plc's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Playtech plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Playtech plc has very good reverse predictability. Overlapping area represents the amount of predictability between Playtech Plc time series from 28th of November 2024 to 12th of January 2025 and 12th of January 2025 to 26th of February 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 Playtech plc price movement. The serial correlation of -0.66 indicates that around 66.0% of current Playtech Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Playtech plc lagged returns against current returns
Autocorrelation, which is Playtech Plc 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 Playtech Plc's stock expected returns. We can calculate the autocorrelation of Playtech Plc returns to help us make a trade decision. For example, suppose you find that Playtech Plc 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 |
Playtech Plc 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 Playtech Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playtech Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playtech Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Playtech Plc Lagged Returns
When evaluating Playtech Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playtech Plc stock have on its future price. Playtech Plc 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, Playtech Plc autocorrelation shows the relationship between Playtech Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Playtech plc.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Playtech Stock Analysis
When running Playtech Plc's price analysis, check to measure Playtech Plc'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 Playtech Plc is operating at the current time. Most of Playtech Plc's value examination focuses on studying past and present price action to predict the probability of Playtech Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Playtech Plc's price. Additionally, you may evaluate how the addition of Playtech Plc to your portfolios can decrease your overall portfolio volatility.