Great Ajax Stock Forecast - Accumulation Distribution
| AJX Stock | USD 3.54 0.12 3.28% |
Great Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Great Ajax stock prices and determine the direction of Great Ajax Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Great Ajax's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Great Ajax's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Great Ajax's systematic risk associated with finding meaningful patterns of Great Ajax fundamentals over time.
Check out Historical Fundamental Analysis of Great Ajax to cross-verify your projections. Great |
Open Interest Against 2024-05-17 Great Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Great Ajax'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 Great Ajax's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Great Ajax 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 Great Ajax's open interest, investors have to compare it to Great Ajax'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 Great Ajax 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 Great. 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 Great Ajax 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 Great Ajax's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Great Ajax's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Great Ajax is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Great Ajax Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Great Ajax trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 1877.89 | 3722.58 |
| Check Great Ajax Volatility | Backtest Great Ajax | Information Ratio |
Great Ajax Trading Date Momentum
| On April 24 2024 Great Ajax Corp was traded for 3.54 at the closing time. Highest Great Ajax's price during the trading hours was 3.63 and the lowest price during the day was 3.46 . The net volume was 79.5 K. The overall trading history on the 24th of April did not cause price change. The overall trading delta to current price is 2.26% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Great Ajax to competition |
Other Forecasting Options for Great Ajax
For every potential investor in Great, whether a beginner or expert, Great Ajax's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Great Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Great. Basic forecasting techniques help filter out the noise by identifying Great Ajax's price trends.Great Ajax 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 Great Ajax stock to make a market-neutral strategy. Peer analysis of Great Ajax could also be used in its relative valuation, which is a method of valuing Great Ajax by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Great Ajax Corp 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 Great Ajax'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 Great Ajax's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Great Ajax Market Strength Events
Market strength indicators help investors to evaluate how Great Ajax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Great Ajax shares will generate the highest return on investment. By undertsting and applying Great Ajax stock market strength indicators, traders can identify Great Ajax Corp entry and exit signals to maximize returns.
Great Ajax Risk Indicators
The analysis of Great Ajax'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 Great Ajax's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting great 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 | 2.49 | |||
| Standard Deviation | 3.57 | |||
| Variance | 12.73 |
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 Great Ajax
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 Great Ajax 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 Great Ajax will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
| 0.85 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.82 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.8 | AMG | Affiliated Managers Earnings Call This Week | PairCorr |
| 0.74 | APO | Apollo Global Management Earnings Call This Week | PairCorr |
| 0.69 | EARN | Ellington Residential Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Great Ajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Ajax 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 Great Ajax - 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 Great Ajax Corp to buy it.
The correlation of Great Ajax 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 Great Ajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Ajax Corp 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 Great Ajax 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 Great Ajax to cross-verify your projections. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Great Stock analysis
When running Great Ajax's price analysis, check to measure Great Ajax'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 Great Ajax is operating at the current time. Most of Great Ajax's value examination focuses on studying past and present price action to predict the probability of Great Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Ajax's price. Additionally, you may evaluate how the addition of Great Ajax to your portfolios can decrease your overall portfolio volatility.
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Is Great Ajax'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 Great Ajax. If investors know Great 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 Great Ajax 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 (0.50) | Dividend Share 0.76 | Earnings Share (2.01) | Revenue Per Share (0.80) | Quarterly Revenue Growth (0.82) |
The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax'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 Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax'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 Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Ajax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax'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.