Gamesquare Holdings Stock Market Value
| GAME Stock | USD 1.40 0.05 3.70% |
| Symbol | GameSquare |
GameSquare Holdings Price To Book Ratio
Is Movies & Entertainment space 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 GameSquare Holdings. If investors know GameSquare 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 GameSquare Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.88) | Revenue Per Share 0.152 | Quarterly Revenue Growth 0.583 |
The market value of GameSquare Holdings is measured differently than its book value, which is the value of GameSquare that is recorded on the company's balance sheet. Investors also form their own opinion of GameSquare Holdings' value that differs from its market value or its book value, called intrinsic value, which is GameSquare Holdings' 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 GameSquare Holdings' market value can be influenced by many factors that don't directly affect GameSquare Holdings' 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 GameSquare Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if GameSquare Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GameSquare Holdings' 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.
GameSquare Holdings '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 GameSquare Holdings' 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 GameSquare Holdings.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in GameSquare Holdings on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding GameSquare Holdings or generate 0.0% return on investment in GameSquare Holdings over 30 days. GameSquare Holdings is related to or competes with Doubledown Interactive, Snail, Golden Matrix, SohuCom, Playstudios, Playtika Holding, and Bragg Gaming. Engine Gaming and Media, Inc., together with its subsidiaries, engages in the development and sale of gaming application... More
GameSquare Holdings 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 GameSquare Holdings' 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 GameSquare Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.76 | |||
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 51.32 | |||
| Value At Risk | (9.66) | |||
| Potential Upside | 10.9 |
GameSquare Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GameSquare Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GameSquare Holdings' standard deviation. In reality, there are many statistical measures that can use GameSquare Holdings historical prices to predict the future GameSquare Holdings' volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.1102 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0113 | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GameSquare Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GameSquare Holdings Backtested Returns
We consider GameSquare Holdings extremely dangerous. GameSquare Holdings holds Efficiency (Sharpe) Ratio of 0.0148, which attests that the entity had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GameSquare Holdings, which you can use to evaluate the volatility of the firm. Please check out GameSquare Holdings' Risk Adjusted Performance of 0.0183, downside deviation of 7.76, and Market Risk Adjusted Performance of (0.06) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. GameSquare Holdings has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -1.39, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GameSquare Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, GameSquare Holdings is expected to outperform it. GameSquare Holdings right now retains a risk of 7.47%. Please check out GameSquare Holdings total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if GameSquare Holdings will be following its current trending patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
GameSquare Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between GameSquare Holdings time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 GameSquare Holdings price movement. The serial correlation of -0.18 indicates that over 18.0% of current GameSquare Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GameSquare Holdings lagged returns against current returns
Autocorrelation, which is GameSquare Holdings 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 GameSquare Holdings' stock expected returns. We can calculate the autocorrelation of GameSquare Holdings returns to help us make a trade decision. For example, suppose you find that GameSquare Holdings 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 |
GameSquare Holdings 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 GameSquare Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GameSquare Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GameSquare Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
GameSquare Holdings Lagged Returns
When evaluating GameSquare Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GameSquare Holdings stock have on its future price. GameSquare Holdings 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, GameSquare Holdings autocorrelation shows the relationship between GameSquare Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in GameSquare Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in GameSquare Stock
When determining whether GameSquare Holdings is a strong investment it is important to analyze GameSquare Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GameSquare Holdings' future performance. For an informed investment choice regarding GameSquare Stock, refer to the following important reports:Check out GameSquare Holdings Correlation, GameSquare Holdings Volatility and GameSquare Holdings Alpha and Beta module to complement your research on GameSquare Holdings. For information on how to trade GameSquare Stock refer to our How to Trade GameSquare Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
GameSquare Holdings 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.