Apple Stock Forecast - Daily Balance Of Power
| AAPL Stock | USD 172.69 3.86 2.19% |
Apple Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Apple stock prices and determine the direction of Apple Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Apple's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Apple's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Apple's systematic risk associated with finding meaningful patterns of Apple fundamentals over time.
Check out Historical Fundamental Analysis of Apple to cross-verify your projections. Apple |
Open Interest Against 2024-04-19 Apple Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Apple'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 Apple's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Apple 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 Apple's open interest, investors have to compare it to Apple'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 Apple 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 Apple. 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 Apple 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 Apple's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Apple's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Apple Inc market sensitivity to bulls and bears. It estimates the ability of Apple buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Apple Balance of Power indicator one can determine a trend of the price direction.| Check Apple Volatility | Backtest Apple | Information Ratio |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Apple to competition |
Other Forecasting Options for Apple
For every potential investor in Apple, whether a beginner or expert, Apple's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Apple Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Apple. Basic forecasting techniques help filter out the noise by identifying Apple's price trends.Apple 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 Apple stock to make a market-neutral strategy. Peer analysis of Apple could also be used in its relative valuation, which is a method of valuing Apple by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Apple Inc 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 Apple'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 Apple's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Apple Market Strength Events
Market strength indicators help investors to evaluate how Apple stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Apple shares will generate the highest return on investment. By undertsting and applying Apple stock market strength indicators, traders can identify Apple Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 1.7 M | |||
| Daily Balance Of Power | (0.93) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 174.57 | |||
| Day Typical Price | 173.94 | |||
| Price Action Indicator | (3.81) | |||
| Period Momentum Indicator | (3.86) | |||
| Relative Strength Index | 41.59 |
Apple Risk Indicators
The analysis of Apple'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 Apple's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting apple 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 | 0.9627 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.68 |
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 Apple
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 Apple 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 Apple will appreciate offsetting losses from the drop in the long position's value.Moving against Apple Stock
| 0.87 | CLS | Celestica Financial Report 24th of April 2024 | PairCorr |
| 0.87 | NTAP | NetApp Inc Financial Report 29th of May 2024 | PairCorr |
| 0.73 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.62 | CTS | CTS Corporation Financial Report 25th of April 2024 | PairCorr |
| 0.59 | BHE | Benchmark Electronics Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple 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 Apple - 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 Apple Inc to buy it.
The correlation of Apple 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 Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc 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 Apple 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.Check out Historical Fundamental Analysis of Apple to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Apple Stock analysis
When running Apple's price analysis, check to measure Apple'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 Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Apple'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 Apple. If investors know Apple 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 Apple 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 0.16 | Dividend Share 0.95 | Earnings Share 6.43 | Revenue Per Share 24.648 | Quarterly Revenue Growth 0.021 |
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple'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 Apple's market value can be influenced by many factors that don't directly affect Apple'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 Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple'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.