Ballys Corp Stock Technical Analysis
BALY Stock | USD 13.99 0.18 1.27% |
As of the 25th of April, Ballys Corp shows the Mean Deviation of 2.7, downside deviation of 2.81, and Risk Adjusted Performance of 0.0814. Ballys Corp 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 were able to break down and interpolate nineteen technical drivers for Ballys Corp, which can be compared to its peers. Please confirm Ballys Corp downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Ballys Corp is priced correctly, providing market reflects its regular price of 13.99 per share. Given that Ballys Corp has jensen alpha of 0.4779, we suggest you to validate Ballys Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Ballys Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ballys, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BallysBallys |
Ballys Corp Analyst Consensus
Target Price | Advice | # of Analysts | |
16.38 | Buy | 9 | Odds |
Most Ballys 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 Ballys stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ballys Corp, talking to its executives and customers, or listening to Ballys conference calls.
Ballys Corp 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.
Ballys Corp Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Ballys Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ballys Corp Trend Analysis
Use this graph to draw trend lines for Ballys Corp. You can use it to identify possible trend reversals for Ballys Corp 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 Ballys Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ballys Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ballys Corp applied against its price change over selected period. The best fit line has a slop of 0.07 , which means Ballys Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 167.78, which is the sum of squared deviations for the predicted Ballys Corp price change compared to its average price change.About Ballys Corp 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 Ballys Corp 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 Ballys Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ballys Corp price pattern first instead of the macroeconomic environment surrounding Ballys Corp. By analyzing Ballys Corp'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 Ballys Corp'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 Ballys Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2023 | 2024 (projected) | Dividend Yield | 2.03 | 1.83 | 1.92 | Price To Sales Ratio | 1.43 | 0.3 | 0.29 |
Ballys Corp April 25, 2024 Technical Indicators
Most technical analysis of Ballys 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 Ballys from various momentum indicators to cycle indicators. When you analyze Ballys 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 | 0.0814 | |||
Market Risk Adjusted Performance | 1.17 | |||
Mean Deviation | 2.7 | |||
Semi Deviation | 2.55 | |||
Downside Deviation | 2.81 | |||
Coefficient Of Variation | 857.02 | |||
Standard Deviation | 4.51 | |||
Variance | 20.31 | |||
Information Ratio | 0.0955 | |||
Jensen Alpha | 0.4779 | |||
Total Risk Alpha | (0.10) | |||
Sortino Ratio | 0.1529 | |||
Treynor Ratio | 1.16 | |||
Maximum Drawdown | 31.06 | |||
Value At Risk | (4.51) | |||
Potential Upside | 4.88 | |||
Downside Variance | 7.92 | |||
Semi Variance | 6.49 | |||
Expected Short fall | (3.21) | |||
Skewness | 3.67 | |||
Kurtosis | 22.25 |
Ballys Corp April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Ballys stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 17,681 | ||
Daily Balance Of Power | (0.31) | ||
Rate Of Daily Change | 0.99 | ||
Day Median Price | 13.89 | ||
Day Typical Price | 13.92 | ||
Price Action Indicator | 0.01 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballys Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Ballys Stock please use our How to Invest in Ballys Corp guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Ballys Corp's price analysis, check to measure Ballys Corp'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 Ballys Corp is operating at the current time. Most of Ballys Corp's value examination focuses on studying past and present price action to predict the probability of Ballys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballys Corp's price. Additionally, you may evaluate how the addition of Ballys Corp to your portfolios can decrease your overall portfolio volatility.
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Is Ballys Corp'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 Ballys Corp. If investors know Ballys 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 Ballys Corp 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 107 | Earnings Share (3.51) | Revenue Per Share 45.905 | Quarterly Revenue Growth 0.061 | Return On Assets (0) |
The market value of Ballys Corp is measured differently than its book value, which is the value of Ballys that is recorded on the company's balance sheet. Investors also form their own opinion of Ballys Corp's value that differs from its market value or its book value, called intrinsic value, which is Ballys Corp'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 Ballys Corp's market value can be influenced by many factors that don't directly affect Ballys Corp'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 Ballys Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballys Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballys Corp'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.