Auddia Stock Forecast - Total Risk Alpha
| AUUD Stock | USD 2.06 0.22 9.65% |
Auddia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Auddia stock prices and determine the direction of Auddia Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Auddia's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Auddia's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Auddia's systematic risk associated with finding meaningful patterns of Auddia fundamentals over time.
Check out Historical Fundamental Analysis of Auddia to cross-verify your projections. Auddia |
Most investors in Auddia 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 Auddia's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Auddia's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Auddia Volatility | Backtest Auddia | Information Ratio |
Auddia Trading Date Momentum
| On April 16 2024 Auddia Inc was traded for 2.06 at the closing time. The top price for the day was 2.30 and the lowest listed price was 2.01 . There was no trading activity during the period 0.0. Lack of trading volume on April 16, 2024 did not affect price variability. The overall trading delta against the current closing price is 11.65% . |
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Other Forecasting Options for Auddia
For every potential investor in Auddia, whether a beginner or expert, Auddia's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Auddia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Auddia. Basic forecasting techniques help filter out the noise by identifying Auddia's price trends.Auddia 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 Auddia stock to make a market-neutral strategy. Peer analysis of Auddia could also be used in its relative valuation, which is a method of valuing Auddia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Auddia 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 Auddia'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 Auddia's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volume Indicators |
Auddia Market Strength Events
Market strength indicators help investors to evaluate how Auddia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Auddia shares will generate the highest return on investment. By undertsting and applying Auddia stock market strength indicators, traders can identify Auddia Inc entry and exit signals to maximize returns.
Auddia Risk Indicators
The analysis of Auddia'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 Auddia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting auddia 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 | 8.24 | |||
| Standard Deviation | 20.16 | |||
| Variance | 406.3 |
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 Auddia
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 Auddia 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 Auddia will appreciate offsetting losses from the drop in the long position's value.Moving together with Auddia Stock
| 0.93 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.85 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Auddia Stock
| 0.8 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.72 | DJCO | Daily Journal Corp | PairCorr |
| 0.6 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
| 0.6 | KC | Kingsoft Cloud Holdi Financial Report 28th of May 2024 | PairCorr |
The ability to find closely correlated positions to Auddia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auddia 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 Auddia - 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 Auddia Inc to buy it.
The correlation of Auddia 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 Auddia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auddia 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 Auddia 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 Auddia to cross-verify your projections. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Auddia Stock analysis
When running Auddia's price analysis, check to measure Auddia'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 Auddia is operating at the current time. Most of Auddia's value examination focuses on studying past and present price action to predict the probability of Auddia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auddia's price. Additionally, you may evaluate how the addition of Auddia to your portfolios can decrease your overall portfolio volatility.
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Is Auddia'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 Auddia. If investors know Auddia 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 Auddia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.93) | Quarterly Revenue Growth (1.00) | Return On Assets (0.89) | Return On Equity (4.12) |
The market value of Auddia Inc is measured differently than its book value, which is the value of Auddia that is recorded on the company's balance sheet. Investors also form their own opinion of Auddia's value that differs from its market value or its book value, called intrinsic value, which is Auddia'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 Auddia's market value can be influenced by many factors that don't directly affect Auddia'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 Auddia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Auddia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Auddia'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.