Playtech Plc Stock Market Value
| PYTCF Stock | USD 5.77 0.00 0.00% |
| 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 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 Playtech Plc.
| 04/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Playtech Plc on April 17, 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 30 days. Playtech Plc is related to or competes with Light Wonder, Apple, Procter Gamble, Faraday Future, Talis Biomedical, Trump Media, and Technology Telecommunicatio. Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide 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 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 Playtech plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 22.71 | |||
| Potential Upside | 2.12 |
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 | 0.0513 | |||
| Jensen Alpha | 0.1491 | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (5.27) |
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
We consider Playtech Plc somewhat reliable. Playtech plc maintains Sharpe Ratio (i.e., Efficiency) of 0.0759, which implies the firm had a 0.0759% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Playtech plc, which you can use to evaluate the volatility of the company. Please check Playtech Plc's Risk Adjusted Performance of 0.0513, variance of 4.45, and Coefficient Of Variation of 1348.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Playtech Plc has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.0278, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Playtech Plc are expected to decrease at a much lower rate. During the bear market, Playtech Plc is likely to outperform the market. Playtech plc right now holds a risk of 2.16%. Please check Playtech plc variance, as well as the relationship between the potential upside and day median price , to decide if Playtech plc will be following its historical price patterns.
Auto-correlation | 1.00 |
Perfect predictability
Playtech plc has perfect predictability. Overlapping area represents the amount of predictability between Playtech Plc time series from 17th of April 2024 to 2nd of May 2024 and 2nd of May 2024 to 17th of May 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 Playtech plc price movement. The serial correlation of 1.0 indicates that 100.0% of current Playtech Plc 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 |
Playtech plc lagged returns against current returns
Autocorrelation, which is Playtech Plc 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 Playtech Plc's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playtech Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playtech Plc pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Playtech plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Playtech Plc Correlation, Playtech Plc Volatility and Playtech Plc Alpha and Beta module to complement your research on Playtech Plc. Note that the Playtech plc information on this page should be used as a complementary analysis to other Playtech Plc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Playtech Pink Sheet 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.
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Playtech Plc technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.