Neogames SA Alpha and Beta Analysis
| NGMSDelisted Stock | USD 29.45 0.00 0.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Neogames SA. It also helps investors analyze the systematic and unsystematic risks associated with investing in Neogames over a specified time horizon. Remember, high Neogames' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Neogames' market risk premium analysis include:
Beta (0.09) | Alpha 0.0601 | Risk 0.25 | Sharpe Ratio 0.28 | Expected Return 0.069 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Neogames |
Neogames Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Neogames market risk premium is the additional return an investor will receive from holding Neogames long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Neogames. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Neogames' performance over market.| α | 0.06 | β | -0.09 |
Neogames Fundamentals Vs Peers
Comparing Neogames' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Neogames' direct or indirect competition across all of the common fundamentals between Neogames and the related equities. This way, we can detect undervalued stocks with similar characteristics as Neogames or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Neogames' fundamental indicators could also be used in its relative valuation, which is a method of valuing Neogames by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Neogames to competition |
| Fundamentals | Neogames | Peer Average |
| Return On Equity | -0.13 | -0.31 |
| Return On Asset | -0.0274 | -0.14 |
| Profit Margin | (0.1) % | (1.27) % |
| Operating Margin | (0.15) % | (5.51) % |
| Current Valuation | 1.19 B | 16.62 B |
| Shares Outstanding | 33.9 M | 571.82 M |
| Shares Owned By Institutions | 31.80 % | 39.21 % |
Neogames Opportunities
Neogames Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | NeoGames Announces Fourth Quarter and Year-End 2023 Earnings Release Date | 02/28/2024 |
2 | NeoGames launches content with Georgia Lottery | 03/05/2024 |
3 | NeoGames S.A. Q4 Earnings Taking a Look at Key Metrics Versus Estimates | 03/06/2024 |
4 | NeoGames extends contract with Czech lottery SAZKA until 2028 | 04/02/2024 |
5 | Calculating The Intrinsic Value Of NeoGames S.A. | 04/10/2024 |
6 | NeoGames Christopher Shaban Appointed Managing Director iLottery | 04/17/2024 |
7 | NeoGames and Aristocrat Receive Final Regulatory Approvals on Proposed Acquisition | 04/18/2024 |
8 | Aristocrat Leisure Completes Acquisition of Neo Group Ltd. for 29.50 per Share | 04/25/2024 |
About Neogames Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Neogames or other delisted stocks. Alpha measures the amount that position in Neogames SA has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Neogames Upcoming Company Events
As portrayed in its financial statements, the presentation of Neogames' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Neogames' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Neogames' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Neogames. Please utilize our Beneish M Score to check the likelihood of Neogames' management manipulating its earnings.
| 4th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Neogames
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in Neogames Stock
If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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