Neogamessa Stock Market Value

NGMS Stock  USD 28.44  0.12  0.42%   
NeogamesSA's market value is the price at which a share of NeogamesSA stock trades on a public exchange. It measures the collective expectations of NeogamesSA investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NeogamesSA and determine expected loss or profit from investing in NeogamesSA over a given investment horizon.
Check out NeogamesSA Correlation, NeogamesSA Volatility and NeogamesSA Alpha and Beta module to complement your research on NeogamesSA.
For more information on how to buy NeogamesSA Stock please use our How to Invest in NeogamesSA guide.
Symbol

NeogamesSA Valuation

Is NeogamesSA'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 NeogamesSA. If investors know NeogamesSA 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 NeogamesSA 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
(0.47)
Earnings Share
(0.36)
Revenue Per Share
6.343
Quarterly Revenue Growth
(0.26)
Return On Assets
(0.02)
The market value of NeogamesSA is measured differently than its book value, which is the value of NeogamesSA that is recorded on the company's balance sheet. Investors also form their own opinion of NeogamesSA's value that differs from its market value or its book value, called intrinsic value, which is NeogamesSA'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 NeogamesSA's market value can be influenced by many factors that don't directly affect NeogamesSA'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 NeogamesSA's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeogamesSA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeogamesSA'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.

NeogamesSA '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 NeogamesSA'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 NeogamesSA.
0.00
02/01/2024
No Change 0.00  0.0 
In 31 days
03/02/2024
0.00
If you would invest  0.00  in NeogamesSA on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding NeogamesSA or generate 0.0% return on investment in NeogamesSA over 30 days. NeogamesSA is related to or competes with Minerals Technologies, WT Offshore, SBM Offshore, Solstad Offshore, Volaris, Nuvalent, and ServiceNow. The company offers various technology platforms, a range of value-added services, and a game studio that provides a port... More

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

NeogamesSA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NeogamesSA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NeogamesSA's standard deviation. In reality, there are many statistical measures that can use NeogamesSA historical prices to predict the future NeogamesSA's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NeogamesSA'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. Please use the tools below to analyze the current value of NeogamesSA in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
27.9428.4528.96
Details
Intrinsic
Valuation
LowRealHigh
27.2927.8031.28
Details
5 Analysts
Consensus
LowTargetHigh
24.8027.2530.25
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.12-0.07-0.1
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NeogamesSA. Your research has to be compared to or analyzed against NeogamesSA's peers to derive any actionable benefits. When done correctly, NeogamesSA'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 NeogamesSA.

NeogamesSA Backtested Returns

We consider NeogamesSA very steady. NeogamesSA has Sharpe Ratio of 0.0639, which conveys that the firm had 0.0639% return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for NeogamesSA, which you can use to evaluate the future volatility of the firm. Please verify NeogamesSA's Downside Deviation of 0.5797, risk adjusted performance of 0.0572, and Mean Deviation of 0.307 to check out if the risk estimate we provide is consistent with the expected return of 0.0327%. NeogamesSA has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0399, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NeogamesSA returns are expected to increase less than the market. However, during the bear market, the loss on holding NeogamesSA will be expected to be smaller as well. NeogamesSA right now secures a risk of 0.51%. Please verify NeogamesSA maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to decide if NeogamesSA will be following its current price movements.

Auto-correlation

    
  0.26  

Poor predictability

NeogamesSA has poor predictability. Overlapping area represents the amount of predictability between NeogamesSA time series from 1st of February 2024 to 16th of February 2024 and 16th of February 2024 to 2nd 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 NeogamesSA price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current NeogamesSA price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test-0.03
Residual Average0.0
Price Variance0.03

NeogamesSA lagged returns against current returns

Autocorrelation, which is NeogamesSA 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 NeogamesSA's stock expected returns. We can calculate the autocorrelation of NeogamesSA returns to help us make a trade decision. For example, suppose you find that NeogamesSA stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

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

NeogamesSA Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NeogamesSA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NeogamesSA's short interest history, or implied volatility extrapolated from NeogamesSA options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether NeogamesSA is a strong investment it is important to analyze NeogamesSA'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 NeogamesSA's future performance. For an informed investment choice regarding NeogamesSA Stock, refer to the following important reports:
Check out NeogamesSA Correlation, NeogamesSA Volatility and NeogamesSA Alpha and Beta module to complement your research on NeogamesSA.
For more information on how to buy NeogamesSA Stock please use our How to Invest in NeogamesSA guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for NeogamesSA Stock analysis

When running NeogamesSA's price analysis, check to measure NeogamesSA'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 NeogamesSA is operating at the current time. Most of NeogamesSA's value examination focuses on studying past and present price action to predict the probability of NeogamesSA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeogamesSA's price. Additionally, you may evaluate how the addition of NeogamesSA to your portfolios can decrease your overall portfolio volatility.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Fundamental Analysis
View fundamental data based on most recent published financial statements
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
NeogamesSA 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 NeogamesSA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NeogamesSA 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...