CalAmp Corp Stock Forecast - Jensen Alpha
| CAMP Stock | USD 3.37 0.38 12.71% |
CalAmp Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CalAmp Corp stock prices and determine the direction of CalAmp Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CalAmp Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although CalAmp Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CalAmp Corp's systematic risk associated with finding meaningful patterns of CalAmp Corp fundamentals over time.
Check out Historical Fundamental Analysis of CalAmp Corp to cross-verify your projections. CalAmp |
Open Interest Against 2024-06-21 CalAmp Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast CalAmp Corp'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 CalAmp Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for CalAmp Corp stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current CalAmp Corp's open interest, investors have to compare it to CalAmp Corp'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 CalAmp Corp 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 CalAmp. 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 CalAmp Corp 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 CalAmp Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CalAmp Corp's price structures and extracts relationships that further increase the generated results' accuracy.
| Check CalAmp Corp Volatility | Backtest CalAmp Corp | Information Ratio |
CalAmp Corp Trading Date Momentum
| On April 22 2024 CalAmp Corp was traded for 3.37 at the closing time. The top price for the day was 3.37 and the lowest listed price was 2.97 . The trading volume for the day was 15.1 K. The trading history from April 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 11.57% . |
| Compare CalAmp Corp to competition |
Other Forecasting Options for CalAmp Corp
For every potential investor in CalAmp, whether a beginner or expert, CalAmp Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CalAmp Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CalAmp. Basic forecasting techniques help filter out the noise by identifying CalAmp Corp's price trends.CalAmp Corp 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 CalAmp Corp stock to make a market-neutral strategy. Peer analysis of CalAmp Corp could also be used in its relative valuation, which is a method of valuing CalAmp Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CalAmp 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 CalAmp Corp'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 CalAmp Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CalAmp Corp Market Strength Events
Market strength indicators help investors to evaluate how CalAmp Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CalAmp Corp shares will generate the highest return on investment. By undertsting and applying CalAmp Corp stock market strength indicators, traders can identify CalAmp Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 1795.73 | |||
| Daily Balance Of Power | 0.95 | |||
| Rate Of Daily Change | 1.13 | |||
| Day Median Price | 3.17 | |||
| Day Typical Price | 3.24 | |||
| Price Action Indicator | 0.39 | |||
| Period Momentum Indicator | 0.38 |
CalAmp Corp Risk Indicators
The analysis of CalAmp Corp'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 CalAmp Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting calamp 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 | 5.73 | |||
| Standard Deviation | 7.46 | |||
| Variance | 55.72 |
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 CalAmp Corp
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 CalAmp Corp 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 CalAmp Corp will appreciate offsetting losses from the drop in the long position's value.Moving against CalAmp Stock
| 0.73 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.65 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.64 | IBM | International Business Earnings Call Tomorrow | PairCorr |
| 0.61 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.51 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
The ability to find closely correlated positions to CalAmp Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CalAmp Corp 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 CalAmp Corp - 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 CalAmp Corp to buy it.
The correlation of CalAmp Corp 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 CalAmp Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CalAmp 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 CalAmp Corp 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 CalAmp Corp to cross-verify your projections. To learn how to invest in CalAmp Stock, please use our How to Invest in CalAmp Corp guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for CalAmp Stock analysis
When running CalAmp Corp's price analysis, check to measure CalAmp Corp'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 CalAmp Corp is operating at the current time. Most of CalAmp Corp's value examination focuses on studying past and present price action to predict the probability of CalAmp Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CalAmp Corp's price. Additionally, you may evaluate how the addition of CalAmp Corp to your portfolios can decrease your overall portfolio volatility.
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Is CalAmp Corp'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 CalAmp Corp. If investors know CalAmp 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 CalAmp Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (63.02) | Revenue Per Share 165.106 | Quarterly Revenue Growth (0.32) | Return On Assets (0.03) | Return On Equity (1.30) |
The market value of CalAmp Corp is measured differently than its book value, which is the value of CalAmp that is recorded on the company's balance sheet. Investors also form their own opinion of CalAmp Corp's value that differs from its market value or its book value, called intrinsic value, which is CalAmp Corp'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 CalAmp Corp's market value can be influenced by many factors that don't directly affect CalAmp Corp'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 CalAmp Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CalAmp Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CalAmp Corp'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.