Boyd Gaming Stock Technical Analysis
| BYD Stock | USD 64.56 0.16 0.25% |
As of the 16th of April 2024, Boyd Gaming shows the Risk Adjusted Performance of 0.0336, mean deviation of 1.04, and Downside Deviation of 1.35. Boyd Gaming technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Boyd Gaming, which can be compared to its peers. Please confirm Boyd Gaming jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Boyd Gaming is priced correctly, providing market reflects its regular price of 64.56 per share. Given that Boyd Gaming has jensen alpha of (0.01), we suggest you to validate Boyd Gaming's prevailing market performance to make sure the company can sustain itself at a future point.
Boyd Gaming Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Boyd, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BoydBoyd |
Boyd Gaming Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 79.73 | Buy | 16 | Odds |
Most Boyd analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Boyd stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Boyd Gaming, talking to its executives and customers, or listening to Boyd conference calls.
Boyd Gaming technical stock 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, stock market cycles, or different charting patterns.
Boyd Gaming Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Boyd Gaming volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Boyd Gaming Trend Analysis
Use this graph to draw trend lines for Boyd Gaming. You can use it to identify possible trend reversals for Boyd Gaming as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Boyd Gaming price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Boyd Gaming Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Boyd Gaming applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that Boyd Gaming will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 20.98, which is the sum of squared deviations for the predicted Boyd Gaming price change compared to its average price change.About Boyd Gaming Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Boyd Gaming on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Boyd Gaming based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Boyd Gaming price pattern first instead of the macroeconomic environment surrounding Boyd Gaming. By analyzing Boyd Gaming's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Boyd Gaming's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Boyd Gaming specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2020 | 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.001603 | 0.008111 | 0.01 | 0.00992 | Price To Sales Ratio | 2.24 | 2.22 | 1.7 | 1.78 |
Boyd Gaming April 16, 2024 Technical Indicators
Most technical analysis of Boyd 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 Boyd from various momentum indicators to cycle indicators. When you analyze Boyd charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0336 | |||
| Market Risk Adjusted Performance | 0.0551 | |||
| Mean Deviation | 1.04 | |||
| Semi Deviation | 1.28 | |||
| Downside Deviation | 1.35 | |||
| Coefficient Of Variation | 2217.59 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.81 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0451 | |||
| Maximum Drawdown | 6.08 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.33 | |||
| Downside Variance | 1.82 | |||
| Semi Variance | 1.64 | |||
| Expected Short fall | (1.04) | |||
| Skewness | 0.2721 | |||
| Kurtosis | 0.1491 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.
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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 (0.43) | Dividend Share 0.64 | Earnings Share 6.12 | Revenue Per Share 36.896 | Quarterly Revenue Growth 0.034 |
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.