Sonic Automotive Stock Forecast - Standard Deviation
| SAH Stock | USD 59.24 1.07 1.84% |
Sonic Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sonic Automotive stock prices and determine the direction of Sonic Automotive's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sonic Automotive's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Sonic Automotive's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sonic Automotive's systematic risk associated with finding meaningful patterns of Sonic Automotive fundamentals over time.
Check out Historical Fundamental Analysis of Sonic Automotive to cross-verify your projections. Sonic |
Open Interest Against 2024-05-17 Sonic Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Sonic Automotive's 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 Sonic Automotive's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Sonic Automotive 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 Sonic Automotive's open interest, investors have to compare it to Sonic Automotive's 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 Sonic Automotive 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 Sonic. 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.
Most investors in Sonic Automotive 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 Sonic Automotive's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sonic Automotive's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Sonic Automotive Volatility | Backtest Sonic Automotive | Information Ratio |
Sonic Automotive Trading Date Momentum
| On May 14 2024 Sonic Automotive was traded for 59.24 at the closing time. Highest Sonic Automotive's price during the trading hours was 60.05 and the lowest price during the day was 58.43 . The net volume was 302.4 K. The overall trading history on the 14th of May 2024 did not result in any price rise and fall. The trading price change to current price is 0.73% . |
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Other Forecasting Options for Sonic Automotive
For every potential investor in Sonic, whether a beginner or expert, Sonic Automotive's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sonic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sonic. Basic forecasting techniques help filter out the noise by identifying Sonic Automotive's price trends.Sonic Automotive 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 Sonic Automotive stock to make a market-neutral strategy. Peer analysis of Sonic Automotive could also be used in its relative valuation, which is a method of valuing Sonic Automotive by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sonic Automotive 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 Sonic Automotive's 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 Sonic Automotive's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sonic Automotive Market Strength Events
Market strength indicators help investors to evaluate how Sonic Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sonic Automotive shares will generate the highest return on investment. By undertsting and applying Sonic Automotive stock market strength indicators, traders can identify Sonic Automotive entry and exit signals to maximize returns.
| Accumulation Distribution | 8158.19 | |||
| Daily Balance Of Power | 0.6605 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 59.24 | |||
| Day Typical Price | 59.24 | |||
| Price Action Indicator | 0.54 | |||
| Period Momentum Indicator | 1.07 |
Sonic Automotive Risk Indicators
The analysis of Sonic Automotive's 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 Sonic Automotive's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sonic 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.
| Mean Deviation | 1.8 | |||
| Semi Deviation | 1.92 | |||
| Standard Deviation | 2.66 | |||
| Variance | 7.09 | |||
| Downside Variance | 4.23 | |||
| Semi Variance | 3.67 | |||
| Expected Short fall | (2.08) |
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.
Currently Active Assets on Macroaxis
When determining whether Sonic Automotive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sonic Automotive's 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 Sonic Automotive Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sonic Automotive Stock:Check out Historical Fundamental Analysis of Sonic Automotive to cross-verify your projections. For more detail on how to invest in Sonic Stock please use our How to Invest in Sonic Automotive guide.Note that the Sonic Automotive information on this page should be used as a complementary analysis to other Sonic Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Sonic Stock analysis
When running Sonic Automotive's price analysis, check to measure Sonic Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sonic Automotive is operating at the current time. Most of Sonic Automotive's value examination focuses on studying past and present price action to predict the probability of Sonic Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonic Automotive's price. Additionally, you may evaluate how the addition of Sonic Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Sonic Automotive's 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 Sonic Automotive. If investors know Sonic 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 Sonic Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 1.18 | Earnings Share 4.88 | Revenue Per Share 413.185 | Quarterly Revenue Growth (0.03) |
The market value of Sonic Automotive is measured differently than its book value, which is the value of Sonic that is recorded on the company's balance sheet. Investors also form their own opinion of Sonic Automotive's value that differs from its market value or its book value, called intrinsic value, which is Sonic Automotive's 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 Sonic Automotive's market value can be influenced by many factors that don't directly affect Sonic Automotive's 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 Sonic Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonic Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonic Automotive's 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.