Confluent Stock Forecast - Accumulation Distribution
| CFLT Stock | USD 27.66 0.89 3.12% |
Confluent Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Confluent stock prices and determine the direction of Confluent's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Confluent's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Confluent's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Confluent's systematic risk associated with finding meaningful patterns of Confluent fundamentals over time.
Check out Historical Fundamental Analysis of Confluent to cross-verify your projections. Confluent |
Open Interest Against 2024-04-19 Confluent Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Confluent'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 Confluent's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Confluent 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 Confluent's open interest, investors have to compare it to Confluent'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 Confluent 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 Confluent. 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 Confluent 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 Confluent's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Confluent's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Confluent is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Confluent to determine if accumulation or reduction is taking place in the market. This value is adjusted by Confluent trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 101047.0 | 0.0439 |
| Check Confluent Volatility | Backtest Confluent | Information Ratio |
Confluent Trading Date Momentum
| On April 18 2024 Confluent was traded for 27.66 at the closing time. The top price for the day was 28.91 and the lowest listed price was 27.64 . There was no trading activity during the period 0.0. Lack of trading volume on April 18, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.76% . |
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 Confluent to competition |
Other Forecasting Options for Confluent
For every potential investor in Confluent, whether a beginner or expert, Confluent's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Confluent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Confluent. Basic forecasting techniques help filter out the noise by identifying Confluent's price trends.Confluent 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 Confluent stock to make a market-neutral strategy. Peer analysis of Confluent could also be used in its relative valuation, which is a method of valuing Confluent by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Confluent 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 Confluent'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 Confluent's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Confluent Market Strength Events
Market strength indicators help investors to evaluate how Confluent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Confluent shares will generate the highest return on investment. By undertsting and applying Confluent stock market strength indicators, traders can identify Confluent entry and exit signals to maximize returns.
Confluent Risk Indicators
The analysis of Confluent'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 Confluent's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting confluent 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 | 2.44 | |||
| Semi Deviation | 2.04 | |||
| Standard Deviation | 4.85 | |||
| Variance | 23.5 | |||
| Downside Variance | 4.97 | |||
| Semi Variance | 4.14 | |||
| Expected Short fall | (3.19) |
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 Confluent
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 Confluent 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 Confluent will appreciate offsetting losses from the drop in the long position's value.Moving against Confluent Stock
| 0.67 | JG | Aurora Mobile | PairCorr |
| 0.61 | VRSN | VeriSign Earnings Call This Week | PairCorr |
| 0.57 | BB | BlackBerry Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Confluent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Confluent 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 Confluent - 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 Confluent to buy it.
The correlation of Confluent 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 Confluent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Confluent 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 Confluent 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 Confluent to cross-verify your projections. For more information on how to buy Confluent Stock please use our How to Invest in Confluent guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Confluent Stock analysis
When running Confluent's price analysis, check to measure Confluent'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 Confluent is operating at the current time. Most of Confluent's value examination focuses on studying past and present price action to predict the probability of Confluent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Confluent's price. Additionally, you may evaluate how the addition of Confluent to your portfolios can decrease your overall portfolio volatility.
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Is Confluent'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 Confluent. If investors know Confluent 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 Confluent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.47) | Revenue Per Share 2.584 | Quarterly Revenue Growth 0.264 | Return On Assets (0.11) | Return On Equity (0.56) |
The market value of Confluent is measured differently than its book value, which is the value of Confluent that is recorded on the company's balance sheet. Investors also form their own opinion of Confluent's value that differs from its market value or its book value, called intrinsic value, which is Confluent'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 Confluent's market value can be influenced by many factors that don't directly affect Confluent'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 Confluent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Confluent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Confluent'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.