Neogames SA Odds of Future Stock Price Finishing Over 27.09
| NGMSDelisted Stock | USD 27.09 0.15 0.55% |
Neogames |
Neogames Target Price Odds to finish over 27.09
The tendency of Neogames 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 above the current price in 90 days |
| 27.09 | 90 days | 27.09 | about 26.86 |
Based on a normal probability distribution, the odds of Neogames to move above the current price in 90 days from now is about 26.86 (This Neogames SA probability density function shows the probability of Neogames Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.41 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Neogames will likely underperform. Moreover Neogames SA has an alpha of 1.4507, implying that it can generate a 1.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Neogames Price Density |
| Price |
Predictive Modules for Neogames
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neogames SA. 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 Neogames' 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.
Neogames Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Neogames is not an exception. The market had few large corrections towards the Neogames' 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 Neogames SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Neogames within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.45 | |
β | Beta against Dow Jones | 1.41 | |
σ | Overall volatility | 6.24 | |
Ir | Information ratio | 0.11 |
Neogames 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 Neogames for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Neogames SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Neogames SA is not yet fully synchronised with the market data | |
| Neogames SA has a very high chance of going through financial distress in the upcoming years | |
| Neogames SA currently holds 226.8 M in liabilities with Debt to Equity (D/E) ratio of 1.48, which is about average as compared to similar companies. Neogames SA has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Neogames' use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 191.54 M. Net Loss for the year was (18.28 M) with profit before overhead, payroll, taxes, and interest of 165.7 M. |
Neogames 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 Neogames Stock often depends not only on the future outlook of the current and potential Neogames' 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. Neogames' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.6 M | |
| Cash And Short Term Investments | 29.5 M |
Neogames Technical Analysis
Neogames' future price can be derived by breaking down and analyzing its technical indicators over time. Neogames Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Neogames SA. In general, you should focus on analyzing Neogames Stock price patterns and their correlations with different microeconomic environments and drivers.
Neogames Predictive Forecast Models
Neogames' time-series forecasting models is one of many Neogames' 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 Neogames' 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 Neogames SA
Checking the ongoing alerts about Neogames for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Neogames SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Neogames SA is not yet fully synchronised with the market data | |
| Neogames SA has a very high chance of going through financial distress in the upcoming years | |
| Neogames SA currently holds 226.8 M in liabilities with Debt to Equity (D/E) ratio of 1.48, which is about average as compared to similar companies. Neogames SA has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Neogames' use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 191.54 M. Net Loss for the year was (18.28 M) with profit before overhead, payroll, taxes, and interest of 165.7 M. |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in Neogames Stock
If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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