International Game Technology Stock Probability of Future Stock Price Finishing Under 14.14
| IGT Stock | USD 20.43 0.08 0.39% |
Closest to current price International long CALL Option Payoff at Expiration
International |
International Game Target Price Odds to finish below 14.14
The tendency of International 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 drop to $ 14.14 or more in 90 days |
| 20.43 | 90 days | 14.14 | near 1 |
Based on a normal probability distribution, the odds of International Game to drop to $ 14.14 or more in 90 days from now is near 1 (This International Game Technology probability density function shows the probability of International Stock to fall within a particular range of prices over 90 days) . Probability of International Game price to stay between $ 14.14 and its current price of $20.43 at the end of the 90-day period is about 9.5 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.88 . This usually 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, International Game will likely underperform. Additionally International Game Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. International Game Price Density |
| Price |
Predictive Modules for International Game
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as International Game. 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 International Game'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.
International Game Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. International Game is not an exception. The market had few large corrections towards the International Game'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 International Game Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of International Game within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.48 | |
β | Beta against NYSE Composite | 1.88 | |
σ | Overall volatility | 2.45 | |
Ir | Information ratio | -0.16 |
International Game 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 International Game for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for International Game can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| International Game generated a negative expected return over the last 90 days | |
| About 44.0% of the company shares are held by company insiders | |
| On 9th of April 2024 International Game paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: IGT and Acres to Resolve all Pending Litigation |
International Game 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 International Stock often depends not only on the future outlook of the current and potential International Game'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. International Game's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 203 M | |
| Cash And Short Term Investments | 572 M |
International Game Technical Analysis
International Game's future price can be derived by breaking down and analyzing its technical indicators over time. International Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of International Game Technology. In general, you should focus on analyzing International Stock price patterns and their correlations with different microeconomic environments and drivers.
International Game Predictive Forecast Models
International Game's time-series forecasting models is one of many International Game'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 International Game'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 International Game
Checking the ongoing alerts about International Game for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for International Game help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| International Game generated a negative expected return over the last 90 days | |
| About 44.0% of the company shares are held by company insiders | |
| On 9th of April 2024 International Game paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: IGT and Acres to Resolve all Pending Litigation |
Check out International Game Backtesting, International Game Valuation, International Game Correlation, International Game Hype Analysis, International Game Volatility, International Game History as well as International Game Performance. Note that the International Game information on this page should be used as a complementary analysis to other International Game'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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for International Stock analysis
When running International Game's price analysis, check to measure International Game'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 International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.
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Is International Game'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 International Game. If investors know International 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 International Game 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 (0.65) | Dividend Share 0.8 | Earnings Share 0.77 | Revenue Per Share 21.545 | Quarterly Revenue Growth 0.035 |
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game'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 International Game's market value can be influenced by many factors that don't directly affect International Game'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 International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game'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.