International Game Stock Forecast - Accumulation Distribution
| IGT Stock | USD 21.41 0.25 1.18% |
International Stock Forecast is based on your current time horizon.
International |
Open Interest Against 2024-06-21 International Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast International Game's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in International Game's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for International Game stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current International Game's open interest, investors have to compare it to International Game's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of International Game is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in International. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in International Game cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the International Game's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets International Game's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which International Game is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of International Game Technology to determine if accumulation or reduction is taking place in the market. This value is adjusted by International Game trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 54950.89 | 79407.4 |
| Check International Game Volatility | Backtest International Game | Trend Details |
International Game Trading Date Momentum
| On November 16 2023 International Game Technology was traded for 26.02 at the closing time. Highest International Game's price during the trading hours was 26.97 and the lowest price during the day was 26.02 . The net volume was 1.4 M. The overall trading history on the 16th of November 2023 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.57% . The trading delta at closing time to current price is 3.44% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare International Game to competition |
Other Forecasting Options for International Game
For every potential investor in International, whether a beginner or expert, International Game's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. International Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in International. Basic forecasting techniques help filter out the noise by identifying International Game's price trends.International Game Related Equities
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 International Game stock to make a market-neutral strategy. Peer analysis of International Game could also be used in its relative valuation, which is a method of valuing International Game by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
International Game Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of International Game's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of International Game's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
International Game Market Strength Events
Market strength indicators help investors to evaluate how International Game stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading International Game shares will generate the highest return on investment. By undertsting and applying International Game stock market strength indicators, traders can identify International Game Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 16992.8 | |||
| Daily Balance Of Power | 0.5435 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21.18 | |||
| Day Typical Price | 21.26 | |||
| Price Action Indicator | 0.36 | |||
| Period Momentum Indicator | 0.25 |
International Game Risk Indicators
The analysis of International Game's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in International Game's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting international stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.67 | |||
| Standard Deviation | 2.33 | |||
| Variance | 5.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with International Game
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 International Game 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 International Game will appreciate offsetting losses from the drop in the long position's value.Moving against International Stock
| 0.57 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.45 | DPZ | Dominos Pizza | PairCorr |
| 0.43 | WING | Wingstop | PairCorr |
| 0.43 | BDL | Flanigans Enterprises | PairCorr |
The ability to find closely correlated positions to International Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Game 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 International Game - 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 International Game Technology to buy it.
The correlation of International Game 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 International Game moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Game 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 International Game 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 International Stock Analysis
When running International Game's price analysis, check to measure International Game'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 International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.