Boyd Gaming Stock Probability of Future Stock Price Finishing Over 62.89
| BYD Stock | USD 54.12 0.04 0.07% |
Closest to current price Boyd long CALL Option Payoff at Expiration
Boyd |
Boyd Gaming Target Price Odds to finish over 62.89
The tendency of Boyd Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 62.89 or more in 90 days |
| 54.12 | 90 days | 62.89 | about 53.94 |
Based on a normal probability distribution, the odds of Boyd Gaming to move over $ 62.89 or more in 90 days from now is about 53.94 (This Boyd Gaming probability density function shows the probability of Boyd Stock to fall within a particular range of prices over 90 days) . Probability of Boyd Gaming price to stay between its current price of $ 54.12 and $ 62.89 at the end of the 90-day period is about 45.73 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.01 suggesting Boyd Gaming market returns are highly-sensitive to returns on the market. As the market goes up or down, Boyd Gaming is expected to follow. Additionally Boyd Gaming has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Boyd Gaming Price Density |
| Price |
Predictive Modules for Boyd Gaming
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Boyd Gaming. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boyd Gaming'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.
Boyd Gaming Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Boyd Gaming is not an exception. The market had few large corrections towards the Boyd Gaming's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Boyd Gaming, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Boyd Gaming within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.29 | |
β | Beta against NYSE Composite | 1.01 | |
σ | Overall volatility | 3.34 | |
Ir | Information ratio | -0.13 |
Boyd Gaming Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Boyd Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Boyd Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Boyd Gaming generated a negative expected return over the last 90 days | |
| The company has 3.73 B in debt with debt to equity (D/E) ratio of 2.42, meaning that the company heavily relies on borrowing funds for operations. Boyd Gaming has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity. | |
| Boyd Gaming has a strong financial position based on the latest SEC filings | |
| About 70.0% of Boyd Gaming shares are held by institutions such as insurance companies | |
| On 15th of April 2024 Boyd Gaming paid $ 0.17 per share dividend to its current shareholders | |
| Latest headline from fortune.com: The transition to electrification ramps up as Ferrari unveils a 423,000 sports car to rival BYDs electric supercar |
Boyd Gaming Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Boyd Stock often depends not only on the future outlook of the current and potential Boyd Gaming's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Boyd Gaming's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.4 M | |
| Cash And Short Term Investments | 308.6 M |
Boyd Gaming Technical Analysis
Boyd Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Boyd Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Boyd Gaming. In general, you should focus on analyzing Boyd Stock price patterns and their correlations with different microeconomic environments and drivers.
Boyd Gaming Predictive Forecast Models
Boyd Gaming's time-series forecasting models is one of many Boyd Gaming's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Boyd Gaming's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Boyd Gaming
Checking the ongoing alerts about Boyd Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Boyd Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Boyd Gaming generated a negative expected return over the last 90 days | |
| The company has 3.73 B in debt with debt to equity (D/E) ratio of 2.42, meaning that the company heavily relies on borrowing funds for operations. Boyd Gaming has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity. | |
| Boyd Gaming has a strong financial position based on the latest SEC filings | |
| About 70.0% of Boyd Gaming shares are held by institutions such as insurance companies | |
| On 15th of April 2024 Boyd Gaming paid $ 0.17 per share dividend to its current shareholders | |
| Latest headline from fortune.com: The transition to electrification ramps up as Ferrari unveils a 423,000 sports car to rival BYDs electric supercar |
Check out Boyd Gaming Backtesting, Boyd Gaming Valuation, Boyd Gaming Correlation, Boyd Gaming Hype Analysis, Boyd Gaming Volatility, Boyd Gaming History as well as Boyd Gaming Performance. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Boyd Stock analysis
When running Boyd Gaming's price analysis, check to measure Boyd 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 Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd 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 Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Stocks Directory Find actively traded stocks across global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Is Boyd Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boyd Gaming. If investors know Boyd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boyd Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 0.65 | Earnings Share 5.59 | Revenue Per Share 37.433 | Quarterly Revenue Growth (0) |
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming's 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.