Australian Stocks signal
LNW

LNW

Light & Wonder, Inc. · Consumer Cyclical

Australian StocksGamblingASXAUD-29.8% from ATH
Current Price

$128.08

Drawdown from ATH

-29.8%

Last Updated

Jun 17, 2026

Dipsern Grade90d

C

Marginal

Graded against LNW's own history at this drawdown — not the market's.

What it means: LNW's own history does not strongly favor buying at this level yet.

What to do: Consider watching and waiting for a deeper dip or a higher grade.

Median 90-Day Return
Historical Win Rate
Last 30 days+14.36%
May 6Jun 17
About LNW

Light & Wonder, Inc.

Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals and video lottery terminals, including conversion kits and spare parts. This segment also leases or provides gaming content, gaming machines, and server-based system; electronic pull-tabs and related services to charitable gaming entities

The reading

How Dipsern reads LNW right now.

Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.

Snapshot

How is LNW doing right now?

In plain terms: LNW is 29.8% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

Light & Wonder Inc. (LNW) sits 29.8% off its peak and is currently in a deep drawdown, last printing at $128.08. Deep drawdowns shift the conversation from "is this a buy" to "what's broken". Sometimes it's macro. Sometimes it's the asset itself. Dipsern's data tells you which one history rewarded.

Historical base rate

What history says at this drawdown

LNW reaches this drawdown band repeatedly in its history (72 observations), which is a meaningful sample for the segmentation engine to compute a stable median forward return. The engine uses a rolling 90-day window and gives more weight to recent years — this lets the signal adapt to regime changes (e.g., post-COVID volatility) without losing the long-run base rate.

Interpretation

What this means for LNW

Drawdown-based signals work across asset classes but the magnitude of meaningful moves varies. Dipsern computes the segmentation per-asset so the bands are calibrated to LNW's own volatility history. Deep drawdowns require a story for why this time isn't different. The Dipsern signal can tell you what historically happened next; it can't tell you whether the current setup matches the historical analog.

Comparable signals

Other Australian Stocks at similar drawdown levels

Five tickers closest to LNW's distance from all-time high. Same category, one tap away.

Lynas Rare Earths Ltd.

-30.0% from ATH

Aristocrat Leisure Ltd.

-30.4% from ATH

Northern Star Resources Ltd.

-30.5% from ATH

Orica Ltd.

-28.8% from ATH

Genesis Minerals Ltd.

-27.3% from ATH

Historical depth

Sample sizes by drawdown band

Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for LNW. Median forward returns, win rates, and prediction errors are available in the full analysis.

Drawdown BandObservationsMedian ReturnWin Rate
-40% to -35%17
-35% to -30%23
-30% to -25%Current72
-25% to -20%49
-20% to -15%118
-15% to -10%106
-10% to -5%134
-5% to 0%196
Methodology

Every grade is reproducible.

We segment 40+ years of LNW's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.

Years of history

40+

Drawdown bands

20

Look-ahead bias

None

Data sources

4

Unlock LNW's full analysis

See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for LNW.

Dipsern is research and a second opinion — not a broker. You'd buy LNW at your own broker.

Analyze LNW Free

No credit card required · 5 free analyses per month

Signal computed Jun 17, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.