Accel Entertainment Stock Market Value

ACEL Stock  USD 11.79  0.02  0.17%   
Accel Entertainment's market value is the price at which a share of Accel Entertainment trades on a public exchange. It measures the collective expectations of Accel Entertainment investors about its performance. Accel Entertainment is selling for 11.79 as of the 28th of March 2024. This is a 0.17% increase since the beginning of the trading day. The stock's lowest day price was 11.77.
With this module, you can estimate the performance of a buy and hold strategy of Accel Entertainment and determine expected loss or profit from investing in Accel Entertainment over a given investment horizon. Check out Accel Entertainment Correlation, Accel Entertainment Volatility and Accel Entertainment Alpha and Beta module to complement your research on Accel Entertainment.
For more information on how to buy Accel Stock please use our How to buy in Accel Stock guide.
Symbol

Accel Entertainment Price To Book Ratio

Is Accel Entertainment'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 Accel Entertainment. If investors know Accel 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 Accel Entertainment 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
0.284
Earnings Share
0.53
Revenue Per Share
13.618
Quarterly Revenue Growth
0.068
Return On Assets
0.0773
The market value of Accel Entertainment is measured differently than its book value, which is the value of Accel that is recorded on the company's balance sheet. Investors also form their own opinion of Accel Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Accel Entertainment'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 Accel Entertainment's market value can be influenced by many factors that don't directly affect Accel Entertainment'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 Accel Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accel Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accel Entertainment'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.

Accel Entertainment 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Accel Entertainment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Accel Entertainment.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Accel Entertainment on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Accel Entertainment or generate 0.0% return on investment in Accel Entertainment over 30 days. Accel Entertainment is related to or competes with Presidio Property, Guangdong Investment, Simon Property, Cedar Realty, National Vision, PennantPark Investment, and Montauk Renewables. Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United State... More

Accel Entertainment Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Accel Entertainment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Accel Entertainment upside and downside potential and time the market with a certain degree of confidence.

Accel Entertainment Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Accel Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accel Entertainment's standard deviation. In reality, there are many statistical measures that can use Accel Entertainment historical prices to predict the future Accel Entertainment's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accel Entertainment'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.
Hype
Prediction
LowEstimatedHigh
9.8511.7313.61
Details
Intrinsic
Valuation
LowRealHigh
10.9512.8314.71
Details
Naive
Forecast
LowNextHigh
9.5411.4213.30
Details
3 Analysts
Consensus
LowTargetHigh
13.0414.3315.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Accel Entertainment. Your research has to be compared to or analyzed against Accel Entertainment's peers to derive any actionable benefits. When done correctly, Accel Entertainment's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Accel Entertainment.

Accel Entertainment Backtested Returns

Accel Entertainment appears to be not too volatile, given 3 months investment horizon. Accel Entertainment secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Accel Entertainment, which you can use to evaluate the volatility of the firm. Please makes use of Accel Entertainment's mean deviation of 1.22, and Risk Adjusted Performance of 0.0748 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Accel Entertainment holds a performance score of 9. The firm shows a Beta (market volatility) of 2.05, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Accel Entertainment will likely underperform. Please check Accel Entertainment's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to make a quick decision on whether Accel Entertainment's price patterns will revert.

Auto-correlation

    
  0.49  

Average predictability

Accel Entertainment has average predictability. Overlapping area represents the amount of predictability between Accel Entertainment time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Accel Entertainment price movement. The serial correlation of 0.49 indicates that about 49.0% of current Accel Entertainment price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.57
Residual Average0.0
Price Variance0.05

Accel Entertainment lagged returns against current returns

Autocorrelation, which is Accel Entertainment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Accel Entertainment's stock expected returns. We can calculate the autocorrelation of Accel Entertainment returns to help us make a trade decision. For example, suppose you find that Accel Entertainment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Accel Entertainment regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Accel Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accel Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accel Entertainment stock over time.
   Current vs Lagged Prices   
       Timeline  

Accel Entertainment Lagged Returns

When evaluating Accel Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accel Entertainment stock have on its future price. Accel Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Accel Entertainment autocorrelation shows the relationship between Accel Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Accel Entertainment.
   Regressed Prices   
       Timeline  

Pair Trading with Accel Entertainment

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 Accel Entertainment 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 Accel Entertainment will appreciate offsetting losses from the drop in the long position's value.

Moving together with Accel Stock

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Moving against Accel Stock

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The ability to find closely correlated positions to Accel Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accel Entertainment 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 Accel Entertainment - 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 Accel Entertainment to buy it.
The correlation of Accel Entertainment 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 Accel Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accel Entertainment 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 Accel Entertainment 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
When determining whether Accel Entertainment is a strong investment it is important to analyze Accel Entertainment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Accel Entertainment's future performance. For an informed investment choice regarding Accel Stock, refer to the following important reports:
Check out Accel Entertainment Correlation, Accel Entertainment Volatility and Accel Entertainment Alpha and Beta module to complement your research on Accel Entertainment.
For more information on how to buy Accel Stock please use our How to buy in Accel Stock guide.
Note that the Accel Entertainment information on this page should be used as a complementary analysis to other Accel Entertainment'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running Accel Entertainment's price analysis, check to measure Accel Entertainment'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 Accel Entertainment is operating at the current time. Most of Accel Entertainment's value examination focuses on studying past and present price action to predict the probability of Accel Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accel Entertainment's price. Additionally, you may evaluate how the addition of Accel Entertainment to your portfolios can decrease your overall portfolio volatility.
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Accel Entertainment 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.
A focus of Accel Entertainment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Accel Entertainment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...