NeogamesSA Alpha and Beta Analysis

NGMSDelisted Stock  USD 29.45  0.00  0.00%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NeogamesSA. It also helps investors analyze the systematic and unsystematic risks associated with investing in NeogamesSA over a specified time horizon. Remember, high NeogamesSA's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to NeogamesSA's market risk premium analysis include:
Beta
0.0
Alpha
0.0
Risk
0.33
Sharpe Ratio
0.33
Expected Return
0.11
Please note that although NeogamesSA alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, NeogamesSA did 0.00  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of NeogamesSA stock's relative risk over its benchmark. NeogamesSA has a beta of 0.00  . The returns on NYSE COMPOSITE and NeogamesSA are completely uncorrelated. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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.

NeogamesSA Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NeogamesSA market risk premium is the additional return an investor will receive from holding NeogamesSA long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NeogamesSA. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate NeogamesSA's performance over market.
α0.00   β0.00

NeogamesSA Fundamentals Vs Peers

Comparing NeogamesSA's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NeogamesSA's direct or indirect competition across all of the common fundamentals between NeogamesSA and the related equities. This way, we can detect undervalued stocks with similar characteristics as NeogamesSA or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NeogamesSA's fundamental indicators could also be used in its relative valuation, which is a method of valuing NeogamesSA by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare NeogamesSA to competition
FundamentalsNeogamesSAPeer Average
Return On Equity-0.13-0.31
Return On Asset-0.0274-0.14
Profit Margin(0.1) %(1.27) %
Operating Margin(0.15) %(5.51) %
Current Valuation1.19 B16.62 B
Shares Outstanding33.9 M571.82 M
Shares Owned By Institutions31.80 %39.21 %

NeogamesSA Opportunities

NeogamesSA Return and Market Media

The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
NeoGames Announces Fourth Quarter and Year-End 2023 Earnings Release Date
02/28/2024
2
NeoGames launches content with Georgia Lottery
03/05/2024
3
NeoGames S.A. Q4 Earnings Taking a Look at Key Metrics Versus Estimates
03/06/2024
4
NeoGames extends contract with Czech lottery SAZKA until 2028
04/02/2024
5
Calculating The Intrinsic Value Of NeoGames S.A.
04/10/2024
6
NeoGames Christopher Shaban Appointed Managing Director iLottery
04/17/2024
7
NeoGames and Aristocrat Receive Final Regulatory Approvals on Proposed Acquisition
04/18/2024
8
Aristocrat Leisure Completes Acquisition of Neo Group Ltd. for 29.50 per Share
04/25/2024

About NeogamesSA Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including NeogamesSA or other delisted stocks. Alpha measures the amount that position in NeogamesSA has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

NeogamesSA Upcoming Company Events

As portrayed in its financial statements, the presentation of NeogamesSA's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NeogamesSA's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NeogamesSA's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NeogamesSA. Please utilize our Beneish M Score to check the likelihood of NeogamesSA's management manipulating its earnings.
4th of March 2024
Upcoming Quarterly Report
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8th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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4th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Build Portfolio with NeogamesSA

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Correlation Analysis to better understand how to build diversified portfolios. 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.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Consideration for investing in NeogamesSA Stock

If you are still planning to invest in NeogamesSA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the NeogamesSA's history and understand the potential risks before investing.
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