A hidden gambling star - Investors Chronicle
| PL8 Stock | EUR 8.90 0.18 1.98% |
About 62% of PLAYTECH's investor base is looking to short. The analysis of current outlook of investing in PLAYTECH suggests that many traders are alarmed regarding PLAYTECH's prospects. The current market sentiment, together with PLAYTECH's historical and current headlines, can help investors time the market. In addition, many technical investors use PLAYTECH stock news signals to limit their universe of possible portfolio assets.
PLAYTECH stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of PLAYTECH daily returns and investor perception about the current price of PLAYTECH as well as its diversification or hedging effects on your existing portfolios.
PLAYTECH |
A hidden gambling star Investors Chronicle
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PLAYTECH Fundamental Analysis
We analyze PLAYTECH's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PLAYTECH using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PLAYTECH based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
PLAYTECH is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
PLAYTECH Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PLAYTECH stock to make a market-neutral strategy. Peer analysis of PLAYTECH could also be used in its relative valuation, which is a method of valuing PLAYTECH by comparing valuation metrics with similar companies.
Peers
PLAYTECH Related Equities
| VTE1 | ASURE SOFTWARE | 4.68 | ||||
| PSAN | PSI Software | 0.97 | ||||
| 63TA | Tencent Music | 0.87 | ||||
| CPW | Check Point | 1.02 | ||||
| AFG | American Eagle | 1.81 | ||||
| RUZ | Universal Entertainment | 3.82 |
Complementary Tools for PLAYTECH Stock analysis
When running PLAYTECH's price analysis, check to measure PLAYTECH'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 PLAYTECH is operating at the current time. Most of PLAYTECH's value examination focuses on studying past and present price action to predict the probability of PLAYTECH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PLAYTECH's price. Additionally, you may evaluate how the addition of PLAYTECH to your portfolios can decrease your overall portfolio volatility.
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