Playags Stock Market Value

AGS Stock  USD 11.40  0.06  0.52%   
PlayAGS's market value is the price at which a share of PlayAGS trades on a public exchange. It measures the collective expectations of PlayAGS investors about its performance. PlayAGS is selling for under 11.40 as of the 13th of July 2024; that is 0.52 percent decrease since the beginning of the trading day. The stock's lowest day price was 11.35.
With this module, you can estimate the performance of a buy and hold strategy of PlayAGS and determine expected loss or profit from investing in PlayAGS over a given investment horizon. Check out PlayAGS Correlation, PlayAGS Volatility and PlayAGS Alpha and Beta module to complement your research on PlayAGS.
For more information on how to buy PlayAGS Stock please use our How to Invest in PlayAGS guide.
Symbol

PlayAGS Price To Book Ratio

Is Hotels, Restaurants & Leisure space 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 PlayAGS. If investors know PlayAGS 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 PlayAGS 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
(1.00)
Earnings Share
0.12
Revenue Per Share
9.589
Quarterly Revenue Growth
0.154
Return On Assets
0.0621
The market value of PlayAGS is measured differently than its book value, which is the value of PlayAGS that is recorded on the company's balance sheet. Investors also form their own opinion of PlayAGS's value that differs from its market value or its book value, called intrinsic value, which is PlayAGS'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 PlayAGS's market value can be influenced by many factors that don't directly affect PlayAGS'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 PlayAGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if PlayAGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PlayAGS'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.

PlayAGS '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 PlayAGS'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 PlayAGS.
0.00
06/13/2024
No Change 0.00  0.0 
In 31 days
07/13/2024
0.00
If you would invest  0.00  in PlayAGS on June 13, 2024 and sell it all today you would earn a total of 0.00 from holding PlayAGS or generate 0.0% return on investment in PlayAGS over 30 days. PlayAGS is related to or competes with Light Wonder, Everi Holdings, Inspired Entertainment, International Game, Accel Entertainment, Codere Online, and Gambling. PlayAGS, Inc. designs and supplies gaming products and services for the gaming industry in the United States and interna... More

PlayAGS 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 PlayAGS'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 PlayAGS upside and downside potential and time the market with a certain degree of confidence.

PlayAGS Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PlayAGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PlayAGS's standard deviation. In reality, there are many statistical measures that can use PlayAGS historical prices to predict the future PlayAGS's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PlayAGS'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
7.6911.3915.09
Details
Intrinsic
Valuation
LowRealHigh
7.9911.6915.39
Details
Naive
Forecast
LowNextHigh
7.4211.1214.82
Details
4 Analysts
Consensus
LowTargetHigh
10.7711.8313.13
Details
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's peers to derive any actionable benefits. When done correctly, PlayAGS'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 PlayAGS.

PlayAGS Backtested Returns

PlayAGS appears to be somewhat reliable, given 3 months investment horizon. PlayAGS maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for PlayAGS, which you can use to evaluate the volatility of the company. Please evaluate PlayAGS's Risk Adjusted Performance of 0.059, semi deviation of 1.3, and Coefficient Of Variation of 1194.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PlayAGS holds a performance score of 9. The company holds a Beta of 1.28, which implies 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, PlayAGS will likely underperform. Please check PlayAGS's 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's historical price patterns will revert.

Auto-correlation

    
  -0.01  

Very weak reverse predictability

PlayAGS has very weak reverse predictability. Overlapping area represents the amount of predictability between PlayAGS time series from 13th of June 2024 to 28th of June 2024 and 28th of June 2024 to 13th of July 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 PlayAGS price movement. The serial correlation of -0.01 indicates that just 1.0% of current PlayAGS price fluctuation can be explain by its past prices.
Correlation Coefficient-0.01
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.0

PlayAGS lagged returns against current returns

Autocorrelation, which is PlayAGS 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 PlayAGS's stock expected returns. We can calculate the autocorrelation of PlayAGS returns to help us make a trade decision. For example, suppose you find that PlayAGS 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  

PlayAGS 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 PlayAGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PlayAGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PlayAGS stock over time.
   Current vs Lagged Prices   
       Timeline  

PlayAGS Lagged Returns

When evaluating PlayAGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PlayAGS stock have on its future price. PlayAGS 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, PlayAGS autocorrelation shows the relationship between PlayAGS stock current value and its past values and can show if there is a momentum factor associated with investing in PlayAGS.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for PlayAGS Stock Analysis

When running PlayAGS's price analysis, check to measure PlayAGS'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 PlayAGS is operating at the current time. Most of PlayAGS's value examination focuses on studying past and present price action to predict the probability of PlayAGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PlayAGS's price. Additionally, you may evaluate how the addition of PlayAGS to your portfolios can decrease your overall portfolio volatility.