ChargePoint Holdings Stock Forecast - 20 Period Moving Average

CHPT Stock  USD 1.90  0.16  9.20%   
The 20 Period Moving Average forecasted value of ChargePoint Holdings on the next trading day is expected to be 1.84 with a mean absolute deviation of  0.12  and the sum of the absolute errors of 5.20. ChargePoint Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ChargePoint Holdings stock prices and determine the direction of ChargePoint Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ChargePoint Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns. Although ChargePoint Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ChargePoint Holdings' systematic risk associated with finding meaningful patterns of ChargePoint Holdings fundamentals over time.
Check out Historical Fundamental Analysis of ChargePoint Holdings to cross-verify your projections.
For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.
  
At this time, ChargePoint Holdings' Inventory Turnover is comparatively stable compared to the past year. Asset Turnover is likely to gain to 0.62 in 2024, whereas Payables Turnover is likely to drop 6.44 in 2024. . Common Stock Shares Outstanding is likely to drop to about 345.9 M in 2024. Net Loss is likely to drop to about (325.5 M) in 2024.

Open Interest Against 2024-04-05 ChargePoint Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast ChargePoint Holdings' 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 ChargePoint Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ChargePoint Holdings 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 ChargePoint Holdings' open interest, investors have to compare it to ChargePoint Holdings' 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 ChargePoint Holdings 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 ChargePoint. 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 ChargePoint Holdings 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 ChargePoint Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ChargePoint Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for ChargePoint Holdings is based on a synthetically constructed ChargePoint Holdingsdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

ChargePoint Holdings 20 Period Moving Average Price Forecast For the 30th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of ChargePoint Holdings on the next trading day is expected to be 1.84 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.20.
Please note that although there have been many attempts to predict ChargePoint Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ChargePoint Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ChargePoint Holdings Stock Forecast Pattern

Backtest ChargePoint HoldingsChargePoint Holdings Price PredictionBuy or Sell Advice 

ChargePoint Holdings Forecasted Value

In the context of forecasting ChargePoint Holdings' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ChargePoint Holdings' downside and upside margins for the forecasting period are 0.02 and 7.00, respectively. We have considered ChargePoint Holdings' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
1.90
1.84
Expected Value
7.00
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ChargePoint Holdings stock data series using in forecasting. Note that when a statistical model is used to represent ChargePoint Holdings stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria79.4458
BiasArithmetic mean of the errors 0.0339
MADMean absolute deviation0.1237
MAPEMean absolute percentage error0.0644
SAESum of the absolute errors5.196
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. ChargePoint Holdings 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for ChargePoint Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ChargePoint Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ChargePoint Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.101.907.10
Details
Intrinsic
Valuation
LowRealHigh
0.203.979.17
Details
22 Analysts
Consensus
LowTargetHigh
9.5610.5111.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ChargePoint Holdings. Your research has to be compared to or analyzed against ChargePoint Holdings' peers to derive any actionable benefits. When done correctly, ChargePoint Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ChargePoint Holdings.

Other Forecasting Options for ChargePoint Holdings

For every potential investor in ChargePoint, whether a beginner or expert, ChargePoint Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ChargePoint Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ChargePoint. Basic forecasting techniques help filter out the noise by identifying ChargePoint Holdings' price trends.

ChargePoint Holdings 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 ChargePoint Holdings stock to make a market-neutral strategy. Peer analysis of ChargePoint Holdings could also be used in its relative valuation, which is a method of valuing ChargePoint Holdings by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ChargePoint Holdings 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 ChargePoint Holdings' 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 ChargePoint Holdings' current price.

ChargePoint Holdings Market Strength Events

Market strength indicators help investors to evaluate how ChargePoint Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ChargePoint Holdings shares will generate the highest return on investment. By undertsting and applying ChargePoint Holdings stock market strength indicators, traders can identify ChargePoint Holdings entry and exit signals to maximize returns.

ChargePoint Holdings Risk Indicators

The analysis of ChargePoint Holdings' 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 ChargePoint Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chargepoint 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.
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 ChargePoint Holdings

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 ChargePoint Holdings 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 ChargePoint Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving against ChargePoint Stock

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The ability to find closely correlated positions to ChargePoint Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChargePoint Holdings 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 ChargePoint Holdings - 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 ChargePoint Holdings to buy it.
The correlation of ChargePoint Holdings 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 ChargePoint Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChargePoint Holdings 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 ChargePoint Holdings 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.
Pair CorrelationCorrelation Matching
When determining whether ChargePoint Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ChargePoint Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chargepoint Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Chargepoint Holdings Stock:
Check out Historical Fundamental Analysis of ChargePoint Holdings to cross-verify your projections.
For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running ChargePoint Holdings' price analysis, check to measure ChargePoint Holdings' 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 ChargePoint Holdings is operating at the current time. Most of ChargePoint Holdings' value examination focuses on studying past and present price action to predict the probability of ChargePoint Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChargePoint Holdings' price. Additionally, you may evaluate how the addition of ChargePoint Holdings to your portfolios can decrease your overall portfolio volatility.
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Is ChargePoint Holdings' 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 ChargePoint Holdings. If investors know ChargePoint 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 ChargePoint Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.22)
Revenue Per Share
1.349
Quarterly Revenue Growth
(0.24)
Return On Assets
(0.24)
Return On Equity
(1.34)
The market value of ChargePoint Holdings is measured differently than its book value, which is the value of ChargePoint that is recorded on the company's balance sheet. Investors also form their own opinion of ChargePoint Holdings' value that differs from its market value or its book value, called intrinsic value, which is ChargePoint Holdings' 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 ChargePoint Holdings' market value can be influenced by many factors that don't directly affect ChargePoint Holdings' 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 ChargePoint Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if ChargePoint Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChargePoint Holdings' 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.