MGM Resorts (Germany) Statistic Functions Beta

MGG Stock  EUR 32.48  0.31  0.96%   
MGM Resorts statistic functions tool provides the execution environment for running the Beta function and other technical functions against MGM Resorts. MGM Resorts value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. MGM Resorts statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on MGM Resorts International correlated with the market. If Beta is less than 0 MGM Resorts generally moves in the opposite direction as compared to the market. If MGM Resorts Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MGM Resorts International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MGM Resorts is generally in the same direction as the market. If Beta > 1 MGM Resorts moves generally in the same direction as, but more than the movement of the benchmark.

MGM Resorts Technical Analysis Modules

Most technical analysis of MGM Resorts help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MGM from various momentum indicators to cycle indicators. When you analyze MGM charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About MGM Resorts Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MGM Resorts International. We use our internally-developed statistical techniques to arrive at the intrinsic value of MGM Resorts International based on widely used predictive technical indicators. In general, we focus on analyzing MGM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MGM Resorts's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of MGM Resorts's intrinsic value. In addition to deriving basic predictive indicators for MGM Resorts, we also check how macroeconomic factors affect MGM Resorts price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
30.5832.4834.38
Details
Intrinsic
Valuation
LowRealHigh
31.9933.8835.78
Details
Naive
Forecast
LowNextHigh
28.9530.8532.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.1834.6537.12
Details

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Additional Information and Resources on Investing in MGM Stock

When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGM Resorts International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' 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.