International Game (Germany) Market Value
| 7IG Stock | EUR 18.00 0.20 1.10% |
| Symbol | International |
International Game '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 International Game'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 International Game.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in International Game on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding International Game Technology or generate 0.0% return on investment in International Game over 720 days. International Game is related to or competes with LIFEWAY FOODS, LIFENET INSURANCE, National Beverage, SENECA FOODS-A, AUSNUTRIA DAIRY, United Insurance, and ZURICH INSURANCE. International Game Technology PLC operates and provides technology products and services across lotteries, electronic ga... More
International Game 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 International Game'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 International Game Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.75 |
International Game Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Game's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Game's standard deviation. In reality, there are many statistical measures that can use International Game historical prices to predict the future International Game's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 125.57 |
International Game Backtested Returns
International Game holds Efficiency (Sharpe) Ratio of -0.0747, which attests that the entity had a -0.0747% return per unit of risk over the last 3 months. International Game exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Game's Standard Deviation of 1.88, market risk adjusted performance of 125.58, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0012, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning International Game are expected to decrease at a much lower rate. During the bear market, International Game is likely to outperform the market. At this point, International Game has a negative expected return of -0.14%. Please make sure to check out International Game's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if International Game performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
International Game Technology has modest reverse predictability. Overlapping area represents the amount of predictability between International Game time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 International Game price movement. The serial correlation of -0.47 indicates that about 47.0% of current International Game price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.07 |
International Game lagged returns against current returns
Autocorrelation, which is International Game 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 International Game's stock expected returns. We can calculate the autocorrelation of International Game returns to help us make a trade decision. For example, suppose you find that International Game 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
International Game 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 International Game stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Game stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Game stock over time.
Current vs Lagged Prices |
| Timeline |
International Game Lagged Returns
When evaluating International Game's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Game stock have on its future price. International Game 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, International Game autocorrelation shows the relationship between International Game stock current value and its past values and can show if there is a momentum factor associated with investing in International Game Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in International Stock
When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:Check out International Game Correlation, International Game Volatility and International Game Alpha and Beta module to complement your research on International Game. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
International Game 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.