PlayAGS Price Fair Value from 2010 to 2024
| AGS Stock | USD 11.58 0.13 1.11% |
Price Fair Value | First Reported 2010-12-31 | Previous Quarter 4.75487032 | Current Value 4.63 | Quarterly Volatility 9.2541476 |
Check PlayAGS financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PlayAGS's main balance sheet or income statement drivers, such as Depreciation And Amortization of 77 M, Selling General Administrative of 51.7 M or Selling And Marketing Expenses of 3.8 M, as well as many indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0 or PTB Ratio of 4.63. PlayAGS financial statements analysis is a perfect complement when working with PlayAGS Valuation or Volatility modules.
PlayAGS | Price Fair Value |
Latest PlayAGS's Price Fair Value Growth Pattern
Below is the plot of the Price Fair Value of PlayAGS over the last few years. It is PlayAGS's Price Fair Value historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PlayAGS's overall financial position and show how it may be relating to other accounts over time.
| Price Fair Value | 10 Years Trend |
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Price Fair Value |
| Timeline |
PlayAGS Price Fair Value Regression Statistics
| Arithmetic Mean | 4.02 | |
| Coefficient Of Variation | 230.22 | |
| Mean Deviation | 4.12 | |
| Median | 4.27 | |
| Standard Deviation | 9.25 | |
| Sample Variance | 85.64 | |
| Range | 48.3782 | |
| R-Value | 0.01 | |
| Mean Square Error | 92.21 | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | 0.03 | |
| Total Sum of Squares | 1,199 |
PlayAGS Price Fair Value History
About PlayAGS Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include PlayAGS income statement, its balance sheet, and the statement of cash flows. PlayAGS investors use historical funamental indicators, such as PlayAGS's Price Fair Value, to determine how well the company is positioned to perform in the future. Although PlayAGS investors may use each financial statement separately, they are all related. The changes in PlayAGS's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PlayAGS's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on PlayAGS Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PlayAGS. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Fair Value | 4.75 | 4.63 |
Pair Trading with PlayAGS
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 PlayAGS 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 PlayAGS will appreciate offsetting losses from the drop in the long position's value.Moving against PlayAGS Stock
| 0.84 | PLYA | Playa Hotels Resorts | PairCorr |
| 0.73 | RRR | Red Rock Resorts | PairCorr |
| 0.7 | HGV | Hilton Grand Vacations | PairCorr |
| 0.7 | GDEN | Golden Entertainment | PairCorr |
| 0.65 | VNCE | Vince Holding Corp | PairCorr |
The ability to find closely correlated positions to PlayAGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PlayAGS 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 PlayAGS - 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 PlayAGS to buy it.
The correlation of PlayAGS 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 PlayAGS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PlayAGS 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 PlayAGS 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.Additional Tools for PlayAGS Stock Analysis
When running PlayAGS's price analysis, check to measure PlayAGS'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 PlayAGS is operating at the current time. Most of PlayAGS's value examination focuses on studying past and present price action to predict the probability of PlayAGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PlayAGS's price. Additionally, you may evaluate how the addition of PlayAGS to your portfolios can decrease your overall portfolio volatility.