Playags Story

<div class='circular--portrait' style='background:#169D0B;color: #FFFFF0;font-size:3em;'>AGS</div>
AGS -- USA Stock  

USD 7.97  0.07  0.87%

It seems Playags will continue to recover much faster as its share price surged up 23.30% today. The company current daily volatility is 4.98 percent, with a beta of 1.85 and an alpha of 0.41 over DOW. As many of us are excited about gambling, it is fair to sum up Playags. We will cover the possibilities of making Playags into a steady grower in April.
Published over three weeks ago
View all stories for Playags | View All Stories
Will Playags (NYSE:AGS) volatility spike before April
Playags has roughly 86.39 M in cash with 36.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.37.
On a scale of 0 to 100, Playags holds a performance score of 13. The company holds a Beta of 1.854, which implies a somewhat significant risk relative to the market. Let's try to break down what Playags's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Playags will likely underperform. Although it is vital to follow Playags current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-eight technical indicators for Playags, which you can use to evaluate the performance of the company. Please employ Playags coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power to make a quick decision on whether Playags historical price patterns will revert.
Investing in Playags, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Playags along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Playags' stock 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. Please use the tools below to analyze the current value of Playags in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Playags. Your research has to be compared to or analyzed against Playags' peers to derive any actionable benefits. When done correctly, Playags' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Playags.

How important is Playags's Liquidity

Playags financial leverage refers to using borrowed capital as a funding source to finance Playags ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Playags financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Playags's total debt and its cash.

How Playags utilizes its cash?

To perform a cash flow analysis of Playags, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Playags is receiving and how much cash it distributes out in a given period. The Playags cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Playags Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Playags reported last year Net Cash Flow from Operations of 36.17 Million

Playags Correlation with Peers

Investors in Playags can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Playags. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Playags and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Playags is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Playags for more details

What is driving Playags Investor Appetite?

Playags appears to be slightly risky, given 1 month investment horizon. Playags maintains Sharpe Ratio (i.e. Efficiency) of 0.18, which implies the firm had 0.18% of return per unit of risk over the last month. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing Playags technical indicators you can presently evaluate if the expected return of 0.91% is justified by implied risk. Please employ Playags Semi Deviation of 3.54, risk adjusted performance of 0.1279, and Coefficient Of Variation of 682.0 to confirm if our risk estimates are consistent with your expectations.
DKNG
ELYS
EVRI
GAN
IGT
DKNG
0.240.790.760.5
DKNG
ELYS
0.240.540.440.52
ELYS
EVRI
0.790.540.760.56
EVRI
GAN
0.760.440.760.72
GAN
IGT
0.50.520.560.72
IGT
DKNG
ELYS
EVRI
GAN
IGT
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Will Playags latest spike continue?

Semi variance is down to 12.5. It may connote a possible volatility fall. Playags shows above-average downside volatility for the selected time horizon. We advise investors to inspect Playags further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Playags future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Playags' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Playags' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Takeaway on Playags Investment

While other entities under the gambling industry are still a bit expensive, Playags may offer a potential longer-term growth to retail investors. While some retail investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Playags.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Playags. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com