Neogamessa Stock Volatility Indicators Average True Range

NGMS Stock  USD 29.41  0.01  0.03%   
NeogamesSA volatility indicators tool provides the execution environment for running the Average True Range indicator and other technical functions against NeogamesSA. NeogamesSA value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of volatility indicators indicators. As with most other technical indicators, the Average True Range indicator function is designed to identify and follow existing trends. NeogamesSA volatility indicators enable investors to predict price movements based on how different True Range indicators change over time. Please specify Time Period to run this model.

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 NeogamesSA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NeogamesSA Technical Analysis Modules

Most technical analysis of NeogamesSA 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 NeogamesSA from various momentum indicators to cycle indicators. When you analyze NeogamesSA charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About NeogamesSA Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NeogamesSA. We use our internally-developed statistical techniques to arrive at the intrinsic value of NeogamesSA based on widely used predictive technical indicators. In general, we focus on analyzing NeogamesSA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NeogamesSA's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of NeogamesSA's intrinsic value. In addition to deriving basic predictive indicators for NeogamesSA, we also check how macroeconomic factors affect NeogamesSA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2023 2024 (projected)
Payables Turnover2.597.468.77
Days Of Inventory On Hand1.5E-51.7E-51.6E-5
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
29.1329.4429.75
Details
Intrinsic
Valuation
LowRealHigh
25.5125.8232.35
Details
Naive
Forecast
LowNextHigh
29.3529.6629.97
Details
5 Analysts
Consensus
LowTargetHigh
24.8027.2530.25
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.

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

Did you try this?

Run Options Analysis Now

   

Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
All  Next Launch Module

NeogamesSA pair trading

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

NeogamesSA Pair Trading

NeogamesSA Pair Trading Analysis

The ability to find closely correlated positions to NeogamesSA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeogamesSA 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 NeogamesSA - 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 NeogamesSA to buy it.
The correlation of NeogamesSA 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 NeogamesSA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeogamesSA 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 NeogamesSA 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 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeogamesSA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy NeogamesSA Stock please use our How to Invest in NeogamesSA guide.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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
5.695
Quarterly Revenue Growth
(0.31)
Return On Assets
(0.03)
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.