Ginkgo Bioworks Stock Forecast - Day Median Price

DNA Stock  USD 0.84  0  0.50%   
Ginkgo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ginkgo Bioworks stock prices and determine the direction of Ginkgo Bioworks Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ginkgo Bioworks' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ginkgo Bioworks' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ginkgo Bioworks' systematic risk associated with finding meaningful patterns of Ginkgo Bioworks fundamentals over time.
Check out Historical Fundamental Analysis of Ginkgo Bioworks to cross-verify your projections.
  
At present, Ginkgo Bioworks' Inventory Turnover is projected to increase significantly based on the last few years of reporting. The current year's Receivables Turnover is expected to grow to 8.32, whereas Payables Turnover is forecasted to decline to 9.63. . As of May 2, 2024, Common Stock Shares Outstanding is expected to decline to about 1.8 B. The current year's Net Loss is expected to grow to about (1.8 B).

Open Interest Against 2024-05-17 Ginkgo Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Ginkgo Bioworks' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ginkgo Bioworks' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ginkgo Bioworks stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Ginkgo Bioworks' open interest, investors have to compare it to Ginkgo Bioworks' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ginkgo Bioworks is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ginkgo. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Ginkgo Bioworks Holdings has current Day Median Price of 0.84.
Most investors in Ginkgo Bioworks cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Ginkgo Bioworks' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ginkgo Bioworks' price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.
Check Ginkgo Bioworks VolatilityBacktest Ginkgo BioworksInformation Ratio  

Ginkgo Bioworks Trading Date Momentum

On May 02 2024 Ginkgo Bioworks Holdings was traded for  0.84  at the closing time. Highest Ginkgo Bioworks's price during the trading hours was 0.84  and the lowest price during the day was  0.84 . There was no trading activity during the period 0.0. Lack of trading volume on the 2nd of May did not cause price change. The overall trading delta to current price is 0.50% .
The median price is the midpoint of the trading periods range.
Compare Ginkgo Bioworks to competition

Other Forecasting Options for Ginkgo Bioworks

For every potential investor in Ginkgo, whether a beginner or expert, Ginkgo Bioworks' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ginkgo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ginkgo. Basic forecasting techniques help filter out the noise by identifying Ginkgo Bioworks' price trends.

Ginkgo Bioworks Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ginkgo Bioworks stock to make a market-neutral strategy. Peer analysis of Ginkgo Bioworks could also be used in its relative valuation, which is a method of valuing Ginkgo Bioworks by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Ginkgo Bioworks Holdings Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ginkgo Bioworks' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ginkgo Bioworks' current price.

Ginkgo Bioworks Market Strength Events

Market strength indicators help investors to evaluate how Ginkgo Bioworks stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ginkgo Bioworks shares will generate the highest return on investment. By undertsting and applying Ginkgo Bioworks stock market strength indicators, traders can identify Ginkgo Bioworks Holdings entry and exit signals to maximize returns.

Ginkgo Bioworks Risk Indicators

The analysis of Ginkgo Bioworks' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ginkgo Bioworks' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ginkgo stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with Ginkgo Bioworks

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ginkgo Bioworks position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ginkgo Bioworks will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ginkgo Stock

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The ability to find closely correlated positions to Ginkgo Bioworks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ginkgo Bioworks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ginkgo Bioworks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ginkgo Bioworks Holdings to buy it.
The correlation of Ginkgo Bioworks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ginkgo Bioworks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ginkgo Bioworks Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ginkgo Bioworks can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ginkgo Bioworks Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ginkgo Bioworks' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ginkgo Bioworks Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ginkgo Bioworks Holdings Stock:
Check out Historical Fundamental Analysis of Ginkgo Bioworks to cross-verify your projections.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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Is Ginkgo Bioworks' 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 Ginkgo Bioworks. If investors know Ginkgo 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 Ginkgo Bioworks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.46)
Revenue Per Share
0.129
Quarterly Revenue Growth
(0.65)
Return On Assets
(0.22)
Return On Equity
(0.63)
The market value of Ginkgo Bioworks Holdings is measured differently than its book value, which is the value of Ginkgo that is recorded on the company's balance sheet. Investors also form their own opinion of Ginkgo Bioworks' value that differs from its market value or its book value, called intrinsic value, which is Ginkgo Bioworks' 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 Ginkgo Bioworks' market value can be influenced by many factors that don't directly affect Ginkgo Bioworks' 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 Ginkgo Bioworks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ginkgo Bioworks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ginkgo Bioworks' 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.