Cognex Stock Forecast - Rate Of Daily Change
| CGNX Stock | USD 39.53 0.01 0.03% |
Cognex Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cognex stock prices and determine the direction of Cognex's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cognex's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Cognex's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cognex's systematic risk associated with finding meaningful patterns of Cognex fundamentals over time.
Check out Historical Fundamental Analysis of Cognex to cross-verify your projections. Cognex |
Open Interest Against 2024-05-17 Cognex Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Cognex'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 Cognex's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Cognex 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 Cognex's open interest, investors have to compare it to Cognex'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 Cognex 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 Cognex. 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 Cognex 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 Cognex's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cognex's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Cognex.| Check Cognex Volatility | Backtest Cognex | Information Ratio |
Cognex Trading Date Momentum
| On April 24 2024 Cognex was traded for 39.53 at the closing time. The top price for the day was 40.71 and the lowest listed price was 39.28 . The trading volume for the day was 1.1 M. The trading history from April 24, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.03% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Cognex to competition |
Other Forecasting Options for Cognex
For every potential investor in Cognex, whether a beginner or expert, Cognex's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cognex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cognex. Basic forecasting techniques help filter out the noise by identifying Cognex's price trends.Cognex 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 Cognex stock to make a market-neutral strategy. Peer analysis of Cognex could also be used in its relative valuation, which is a method of valuing Cognex by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cognex 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 Cognex'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 Cognex's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cognex Market Strength Events
Market strength indicators help investors to evaluate how Cognex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cognex shares will generate the highest return on investment. By undertsting and applying Cognex stock market strength indicators, traders can identify Cognex entry and exit signals to maximize returns.
| Accumulation Distribution | 37077.18 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 40.0 | |||
| Day Typical Price | 39.84 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 60.37 |
Cognex Risk Indicators
The analysis of Cognex'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 Cognex's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cognex 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 | 1.41 | |||
| Semi Deviation | 1.65 | |||
| Standard Deviation | 1.9 | |||
| Variance | 3.6 | |||
| Downside Variance | 3.09 | |||
| Semi Variance | 2.73 | |||
| Expected Short fall | (1.55) |
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 Cognex
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 Cognex 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 Cognex will appreciate offsetting losses from the drop in the long position's value.Moving together with Cognex Stock
| 0.78 | DYSL | Dynasil Of | PairCorr |
Moving against Cognex Stock
| 0.71 | WRAP | Wrap Technologies | PairCorr |
| 0.6 | FCUV | Focus Universal | PairCorr |
| 0.45 | FARO | FARO Technologies Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cognex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognex 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 Cognex - 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 Cognex to buy it.
The correlation of Cognex 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 Cognex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognex 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 Cognex 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 Cognex to cross-verify your projections. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Cognex Stock analysis
When running Cognex's price analysis, check to measure Cognex'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 Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.
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Is Cognex'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 Cognex. If investors know Cognex 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 Cognex 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 (0.81) | Dividend Share 0.285 | Earnings Share 0.65 | Revenue Per Share 4.862 | Quarterly Revenue Growth (0.18) |
The market value of Cognex is measured differently than its book value, which is the value of Cognex that is recorded on the company's balance sheet. Investors also form their own opinion of Cognex's value that differs from its market value or its book value, called intrinsic value, which is Cognex'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 Cognex's market value can be influenced by many factors that don't directly affect Cognex'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 Cognex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognex'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.