Neogamessa Stock Volatility

NGMS Stock  USD 29.23  0.07  0.24%   
We consider NeogamesSA very steady. NeogamesSA has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for NeogamesSA, which you can use to evaluate the volatility of the firm. Please verify NeogamesSA's Mean Deviation of 0.2343, risk adjusted performance of 0.0981, and Coefficient Of Variation of 577.57 to check out if the risk estimate we provide is consistent with the expected return of 0.0762%. Key indicators related to NeogamesSA's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
NeogamesSA Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of NeogamesSA daily returns, and it is calculated using variance and standard deviation. We also use NeogamesSA's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of NeogamesSA volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as NeogamesSA can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of NeogamesSA at lower prices. For example, an investor can purchase NeogamesSA stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of NeogamesSA's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

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NeogamesSA Market Sensitivity And Downside Risk

NeogamesSA's beta coefficient measures the volatility of NeogamesSA stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents NeogamesSA stock's returns against your selected market. In other words, NeogamesSA's beta of 0.11 provides an investor with an approximation of how much risk NeogamesSA stock can potentially add to one of your existing portfolios. NeogamesSA exhibits very low volatility with skewness of 1.28 and kurtosis of 2.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NeogamesSA's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NeogamesSA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze NeogamesSA Demand Trend
Check current 90 days NeogamesSA correlation with market (NYSE Composite)

NeogamesSA Beta

    
  0.11  
NeogamesSA standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.32  
It is essential to understand the difference between upside risk (as represented by NeogamesSA's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of NeogamesSA's daily returns or price. Since the actual investment returns on holding a position in neogamessa stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in NeogamesSA.

Using NeogamesSA Put Option to Manage Risk

Put options written on NeogamesSA grant holders of the option the right to sell a specified amount of NeogamesSA at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of NeogamesSA Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge NeogamesSA's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding NeogamesSA will be realized, the loss incurred will be offset by the profits made with the option trade.

NeogamesSA's PUT expiring on 2024-04-19

   Profit   
       NeogamesSA Price At Expiration  

NeogamesSA Stock Volatility Analysis

Volatility refers to the frequency at which NeogamesSA stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with NeogamesSA's price changes. Investors will then calculate the volatility of NeogamesSA's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of NeogamesSA's volatility:

Historical Volatility

This type of stock volatility measures NeogamesSA's fluctuations based on previous trends. It's commonly used to predict NeogamesSA's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for NeogamesSA's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on NeogamesSA's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. NeogamesSA Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

NeogamesSA Projected Return Density Against Market

Given the investment horizon of 90 days NeogamesSA has a beta of 0.1076 . This indicates as returns on the market go up, NeogamesSA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NeogamesSA will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NeogamesSA or Hotels, Restaurants & Leisure sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NeogamesSA's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NeogamesSA stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
NeogamesSA has an alpha of 0.0386, implying that it can generate a 0.0386 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
NeogamesSA's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how neogamessa stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a NeogamesSA Price Volatility?

Several factors can influence a stock's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

NeogamesSA Stock Risk Measures

Given the investment horizon of 90 days the coefficient of variation of NeogamesSA is 419.1. The daily returns are distributed with a variance of 0.1 and standard deviation of 0.32. The mean deviation of NeogamesSA is currently at 0.23. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α
Alpha over NYSE Composite
0.04
β
Beta against NYSE Composite0.11
σ
Overall volatility
0.32
Ir
Information ratio -0.07

NeogamesSA Stock Return Volatility

NeogamesSA historical daily return volatility represents how much of NeogamesSA stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.3194% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.6235% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About NeogamesSA Volatility

Volatility is a rate at which the price of NeogamesSA or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of NeogamesSA may increase or decrease. In other words, similar to NeogamesSA's beta indicator, it measures the risk of NeogamesSA and helps estimate the fluctuations that may happen in a short period of time. So if prices of NeogamesSA fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Last ReportedProjected for Next Year
Selling And Marketing Expenses118.4 M124.3 M
Market Cap962.9 M505.2 M
NeogamesSA's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on NeogamesSA Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much NeogamesSA's price varies over time.

3 ways to utilize NeogamesSA's volatility to invest better

Higher NeogamesSA's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of NeogamesSA stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. NeogamesSA stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of NeogamesSA investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in NeogamesSA's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of NeogamesSA's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

NeogamesSA Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.62 and is 1.94 times more volatile than NeogamesSA. Compared to the overall equity markets, volatility of historical daily returns of NeogamesSA is lower than 2 percent of all global equities and portfolios over the last 90 days. You can use NeogamesSA to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend and little activity. Check odds of NeogamesSA to be traded at $28.94 in 90 days.

Modest diversification

The correlation between NeogamesSA and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeogamesSA and NYA in the same portfolio, assuming nothing else is changed.

NeogamesSA Additional Risk Indicators

The analysis of NeogamesSA's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in NeogamesSA's investment and either accepting that risk or mitigating it. Along with some common measures of NeogamesSA stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

NeogamesSA Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against NeogamesSA as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. NeogamesSA's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, NeogamesSA's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to NeogamesSA.
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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.
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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
(0.37)
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.