Monitor and predict the growth prospects and potential risks of the Gambling industry by examining the financial and macroeconomic factors affecting it and the latest Gambling news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Gambling updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.
Click to explore the factors and the financial models used by MacroVar to analyze the Gambling industry trend, growth prospects and risks.
Gambling industry Markets
Gambling industry News
Gambling industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Gambling industry by examining the stock and credit performance of major Gambling companies across the US, Europe, Eastern Europe and Asia Pacific. Gambling Stock performance is monitored by analyzing STOXX equity indices of major Gambling companies while Gambling credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Gambling high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Gambling sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.
MacroVar also monitors other factors closely related to the Gambling industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Gambling momentum, Gambling trend, Gambling oscillator, Gambling RSI and Gambling returns.
Gambling industry Description
The subsector of Gambling includes providers of gambling and casino facilities. Includes online casinos, racetracks and the manufacturers of pachinko machines and casi-no and lottery equipment.
Gambling industry MomentumMomentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.
MacroVar Gambling momentum signal ranges from -100 to +100. The Gambling momentum signal is derived as the mean value from 4 calculations for the Gambling . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Gambling return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Gambling momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Gambling momentum signal moves from positive to negative value or vice-versa.
Gambling industry trendGambling trend signal ranges from -100 to +100. Gambling trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Gambling Closing price vs Gambling moving average (MA) calculation: If Gambling is greater than Gambling MA value is +1, else -1, 2. Gambling Moving average slope calculation: if current Gambling moving average is higher than the previous MA, Gambling upward slope +1, else -1
Gambling trend model can be used as a trend strength indicator. Gambling trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Gambling trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Gambling 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Gambling is in an uptrend when Gambling price is higher than the 52-week moving average and the Gambling 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Gambling oscillator and Gambling RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Gambling industry oscillatorThe Gambling oscillator estimated by MacroVar is the z-score of the currentGambling price versus Gambling 1-year simple moving average price. The formula for the Gambling oscillator is:
Gambling oscillator = (Current Price – 250 trading days Gambling simple moving average price) / (250 days Gambling price standard deviation)
Gambling oversold conditions
Gambling is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Gambling is oversold it is often due for a rebound. Values of the Gambling oscillator lower than -2.5 signify oversold conditions. It must be noted that the Gambling oscillator must be analyzed ibn conjunction with the rest ofGambling quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Gambling RSI.
Gambling overbought conditions
Gambling is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Gambling is overbought it is often due for a correction. Values of the Gambling oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Gambling quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Gambling RSI indicatorThe RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Gambling is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringGambling uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Gambling industry returnsMacroVar calculates Gambling returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Gambling returns = (Gambling Closing Price – Gambling Previous Price)/(Gambling Previous Price)