Altimmune Stock Forecast - Accumulation Distribution
| ALT Stock | USD 7.47 0.56 8.10% |
Altimmune Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Altimmune stock prices and determine the direction of Altimmune's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Altimmune's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Altimmune's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Altimmune's systematic risk associated with finding meaningful patterns of Altimmune fundamentals over time.
Check out Historical Fundamental Analysis of Altimmune to cross-verify your projections. Altimmune |
Open Interest Against 2024-04-26 Altimmune Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Altimmune'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 Altimmune's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Altimmune 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 Altimmune's open interest, investors have to compare it to Altimmune'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 Altimmune 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 Altimmune. 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 Altimmune 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 Altimmune's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Altimmune's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Altimmune is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Altimmune to determine if accumulation or reduction is taking place in the market. This value is adjusted by Altimmune trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 216871.0 | 0.0927 |
| Check Altimmune Volatility | Backtest Altimmune | Information Ratio |
Altimmune Trading Date Momentum
| On April 23 2024 Altimmune was traded for 7.47 at the closing time. Highest Altimmune's price during the trading hours was 7.55 and the lowest price during the day was 6.85 . There was no trading activity during the period 0.0. Lack of trading volume on the 23rd of April did not affect price variability. The overall trading delta to current price is 5.89% . |
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 Altimmune to competition |
Other Forecasting Options for Altimmune
For every potential investor in Altimmune, whether a beginner or expert, Altimmune's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Altimmune Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Altimmune. Basic forecasting techniques help filter out the noise by identifying Altimmune's price trends.View Altimmune Related Equities
| Risk & Return | Correlation |
Altimmune 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 Altimmune'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 Altimmune's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Altimmune Market Strength Events
Market strength indicators help investors to evaluate how Altimmune stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altimmune shares will generate the highest return on investment. By undertsting and applying Altimmune stock market strength indicators, traders can identify Altimmune entry and exit signals to maximize returns.
Altimmune Risk Indicators
The analysis of Altimmune'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 Altimmune's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting altimmune 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 | 5.28 | |||
| Standard Deviation | 7.35 | |||
| Variance | 54.03 |
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.
Altimmune Implied Volatility | 134.29 |
Altimmune's implied volatility exposes the market's sentiment of Altimmune stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Altimmune's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Altimmune stock will not fluctuate a lot when Altimmune's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altimmune in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altimmune's short interest history, or implied volatility extrapolated from Altimmune options trading.
Pair Trading with Altimmune
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 Altimmune 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 Altimmune will appreciate offsetting losses from the drop in the long position's value.Moving together with Altimmune Stock
| 0.76 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
Moving against Altimmune Stock
| 0.52 | ELYM | Eliem Therapeutics | PairCorr |
The ability to find closely correlated positions to Altimmune could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altimmune 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 Altimmune - 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 Altimmune to buy it.
The correlation of Altimmune 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 Altimmune moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altimmune 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 Altimmune 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 Altimmune to cross-verify your projections. For more information on how to buy Altimmune Stock please use our How to Invest in Altimmune guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Altimmune Stock analysis
When running Altimmune's price analysis, check to measure Altimmune'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 Altimmune is operating at the current time. Most of Altimmune's value examination focuses on studying past and present price action to predict the probability of Altimmune's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altimmune's price. Additionally, you may evaluate how the addition of Altimmune to your portfolios can decrease your overall portfolio volatility.
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Is Altimmune'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 Altimmune. If investors know Altimmune 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 Altimmune listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.66) | Revenue Per Share 0.008 | Quarterly Revenue Growth 180 | Return On Assets (0.25) | Return On Equity (0.47) |
The market value of Altimmune is measured differently than its book value, which is the value of Altimmune that is recorded on the company's balance sheet. Investors also form their own opinion of Altimmune's value that differs from its market value or its book value, called intrinsic value, which is Altimmune'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 Altimmune's market value can be influenced by many factors that don't directly affect Altimmune'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 Altimmune's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altimmune is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altimmune'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.