Champion Gaming Group Stock Market Value
| WAGR Stock | 0.01 0.00 0.00% |
| Symbol | Champion |
Champion 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 Champion 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 Champion Gaming.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Champion Gaming on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Champion Gaming Group or generate 0.0% return on investment in Champion Gaming over 30 days. Champion Gaming is related to or competes with Cielo Waste, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. Champion Gaming is entity of Canada. It is traded as Stock on V exchange. More
Champion 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 Champion 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 Champion Gaming Group upside and downside potential and time the market with a certain degree of confidence.
Champion Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Gaming's standard deviation. In reality, there are many statistical measures that can use Champion Gaming historical prices to predict the future Champion Gaming's volatility.Champion Gaming Group Backtested Returns
We have found three technical indicators for Champion Gaming Group, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Champion Gaming are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Champion Gaming Group has perfect predictability. Overlapping area represents the amount of predictability between Champion Gaming time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Champion Gaming Group price movement. The serial correlation of 1.0 indicates that 100.0% of current Champion Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Champion Gaming Group lagged returns against current returns
Autocorrelation, which is Champion 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 Champion Gaming's stock expected returns. We can calculate the autocorrelation of Champion Gaming returns to help us make a trade decision. For example, suppose you find that Champion 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 |
Champion 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 Champion Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Champion Gaming Lagged Returns
When evaluating Champion Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Gaming stock have on its future price. Champion 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, Champion Gaming autocorrelation shows the relationship between Champion Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Gaming Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Champion Stock Analysis
When running Champion Gaming's price analysis, check to measure Champion 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 Champion Gaming is operating at the current time. Most of Champion Gaming's value examination focuses on studying past and present price action to predict the probability of Champion 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 Champion Gaming's price. Additionally, you may evaluate how the addition of Champion Gaming to your portfolios can decrease your overall portfolio volatility.