Neogamessa Stock Fundamentals

NGMSDelisted Stock  USD 29.45  0.00  0.00%   
NeogamesSA fundamentals help investors to digest information that contributes to NeogamesSA's financial success or failures. It also enables traders to predict the movement of NeogamesSA Stock. The fundamental analysis module provides a way to measure NeogamesSA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NeogamesSA stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

NeogamesSA Company Return On Equity Analysis

NeogamesSA's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity


Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current NeogamesSA Return On Equity

Most of NeogamesSA's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NeogamesSA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Based on the latest financial disclosure, NeogamesSA has a Return On Equity of -0.1302. This is 103.62% lower than that of the Hotels, Restaurants & Leisure sector and 99.69% lower than that of the Consumer Discretionary industry. The return on equity for all United States stocks is 58.0% lower than that of the firm.

NeogamesSA Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NeogamesSA's current stock value. Our valuation model uses many indicators to compare NeogamesSA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NeogamesSA competition to find correlations between indicators driving NeogamesSA's intrinsic value. More Info.
NeogamesSA is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value NeogamesSA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NeogamesSA's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NeogamesSA's earnings, one of the primary drivers of an investment's value.

NeogamesSA Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NeogamesSA's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NeogamesSA could also be used in its relative valuation, which is a method of valuing NeogamesSA by comparing valuation metrics of similar companies.
NeogamesSA is currently under evaluation in return on equity category among related companies.

NeogamesSA Fundamentals

About NeogamesSA Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NeogamesSA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NeogamesSA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NeogamesSA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices. The company was incorporated in 2014 and is headquartered in Tel Aviv, Israel. Neogames operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 154 people.

Pair Trading with NeogamesSA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NeogamesSA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NeogamesSA will appreciate offsetting losses from the drop in the long position's value.

Moving together with NeogamesSA Stock

  0.73CDROW Codere Online LuxembourgPairCorr

Moving against NeogamesSA Stock

  0.91LTRY Lottery Common Stock Report 20th of June 2024 PairCorr
  0.86GDHG Golden Heaven GroupPairCorr
  0.84GMBL Esports Entertainment Financial Report 27th of May 2024 PairCorr
  0.84LTFD LittlefieldPairCorr
  0.82IGT International GamePairCorr
The ability to find closely correlated positions to NeogamesSA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeogamesSA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NeogamesSA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NeogamesSA to buy it.
The correlation of NeogamesSA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeogamesSA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeogamesSA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NeogamesSA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Other Consideration for investing in NeogamesSA Stock

If you are still planning to invest in NeogamesSA 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 NeogamesSA's history and understand the potential risks before investing.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Bonds Directory
Find actively traded corporate debentures issued by US companies
CEOs Directory
Screen CEOs from public companies around the world