International Game Technology Stock Technical Analysis
IGT Stock | USD 22.59 0.43 1.94% |
As of the 29th of March, International Game retains the Market Risk Adjusted Performance of (0.13), standard deviation of 2.54, and Risk Adjusted Performance of (0.05). International Game technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for International Game, which can be compared to its competitors. Please check out International Game risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if International Game is priced fairly, providing market reflects its last-minute price of 22.59 per share. Given that International Game Technology has information ratio of (0.15), we strongly advise you to confirm International Game's regular market performance to make sure the company can sustain itself at a future point.
International Game Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as International, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to InternationalInternational |
International Game Analyst Consensus
Target Price | Advice | # of Analysts | |
36.73 | Buy | 7 | Odds |
Most International analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand International stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of International Game, talking to its executives and customers, or listening to International conference calls.
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.
International Game Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of International Game volatility. High ATR values indicate high volatility, and low values indicate low volatility.
International Game Trend Analysis
Use this graph to draw trend lines for International Game Technology. You can use it to identify possible trend reversals for International Game as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual International Game price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.International Game Best Fit Change Line
The following chart estimates an ordinary least squares regression model for International Game Technology applied against its price change over selected period. The best fit line has a slop of 0.08 , which may imply that the returns on investment in International Game Technology will continue to fail. It has 122 observation points and a regression sum of squares at 223.03, which is the sum of squared deviations for the predicted International Game price change compared to its average price change.About International Game Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of International Game Technology on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of International Game Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on International Game price pattern first instead of the macroeconomic environment surrounding International Game. By analyzing International Game's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of International Game's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to International Game specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006918 | 0.0351 | 0.0287 | 0.0571 | Price To Sales Ratio | 1.45 | 1.08 | 1.29 | 1.88 |
International Game March 29, 2024 Technical Indicators
Most technical analysis of International help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for International from various momentum indicators to cycle indicators. When you analyze International charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.05) | |||
Market Risk Adjusted Performance | (0.13) | |||
Mean Deviation | 1.76 | |||
Coefficient Of Variation | (997.51) | |||
Standard Deviation | 2.54 | |||
Variance | 6.43 | |||
Information Ratio | (0.15) | |||
Jensen Alpha | (0.50) | |||
Total Risk Alpha | (0.83) | |||
Treynor Ratio | (0.14) | |||
Maximum Drawdown | 14.18 | |||
Value At Risk | (4.75) | |||
Potential Upside | 3.24 | |||
Skewness | (0.78) | |||
Kurtosis | 2.5 |
International Game March 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as International stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 42,340 | ||
Daily Balance Of Power | 0.50 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 22.44 | ||
Day Typical Price | 22.49 | ||
Price Action Indicator | 0.36 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the International Game information on this page should be used as a complementary analysis to other International Game's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary 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.
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Is International Game'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 International Game. If investors know International 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 International Game 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 (0.65) | Dividend Share 0.8 | Earnings Share 0.77 | Revenue Per Share 21.55 | Quarterly Revenue Growth 0.034 |
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game'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 International Game's market value can be influenced by many factors that don't directly affect International Game'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 International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game'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.