Coda Octopus Stock Forecast - 8 Period Moving Average

CODA Stock  USD 5.77  0.05  0.87%   
The 8 Period Moving Average forecasted value of Coda Octopus Group on the next trading day is expected to be 5.70 with a mean absolute deviation of  0.20  and the sum of the absolute errors of 10.91. Coda Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Coda Octopus stock prices and determine the direction of Coda Octopus Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Coda Octopus' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Coda Octopus' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Coda Octopus' systematic risk associated with finding meaningful patterns of Coda Octopus fundamentals over time.
Check out Historical Fundamental Analysis of Coda Octopus to cross-verify your projections.
  
As of March 29, 2024, Inventory Turnover is expected to decline to 0.59. In addition to that, Payables Turnover is expected to decline to 4.26. As of March 29, 2024, Common Stock Shares Outstanding is expected to decline to about 7.4 M. In addition to that, Net Income Applicable To Common Shares is expected to decline to about 3.7 M.
Most investors in Coda Octopus 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 Coda Octopus' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Coda Octopus' price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Coda Octopus is based on an artificially constructed time series of Coda Octopus daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Coda Octopus 8 Period Moving Average Price Forecast For the 30th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of Coda Octopus Group on the next trading day is expected to be 5.70 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.09, and the sum of the absolute errors of 10.91.
Please note that although there have been many attempts to predict Coda 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 Coda Octopus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Coda Octopus Stock Forecast Pattern

Backtest Coda OctopusCoda Octopus Price PredictionBuy or Sell Advice 

Coda Octopus Forecasted Value

In the context of forecasting Coda Octopus' 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. Coda Octopus' downside and upside margins for the forecasting period are 3.31 and 8.09, respectively. We have considered Coda Octopus' 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
5.77
5.70
Expected Value
8.09
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Coda Octopus stock data series using in forecasting. Note that when a statistical model is used to represent Coda Octopus 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 Criteria102.8556
BiasArithmetic mean of the errors 0.0525
MADMean absolute deviation0.2019
MAPEMean absolute percentage error0.0353
SAESum of the absolute errors10.905
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. Coda Octopus Group 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Coda Octopus

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coda Octopus Group. 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 Coda Octopus' 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
3.395.778.15
Details
Intrinsic
Valuation
LowRealHigh
3.525.908.28
Details
1 Analysts
Consensus
LowTargetHigh
9.1010.0011.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Coda Octopus. Your research has to be compared to or analyzed against Coda Octopus' peers to derive any actionable benefits. When done correctly, Coda Octopus' 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 Coda Octopus Group.

Other Forecasting Options for Coda Octopus

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

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

Coda Octopus Group 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 Coda Octopus' 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 Coda Octopus' current price.

Coda Octopus Market Strength Events

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

Coda Octopus Risk Indicators

The analysis of Coda Octopus' 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 Coda Octopus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coda 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coda Octopus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coda Octopus' short interest history, or implied volatility extrapolated from Coda Octopus options trading.

Pair Trading with Coda Octopus

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 Coda Octopus 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 Coda Octopus will appreciate offsetting losses from the drop in the long position's value.

Moving against Coda Stock

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  0.45MSI Motorola Solutions Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to Coda Octopus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coda Octopus 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 Coda Octopus - 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 Coda Octopus Group to buy it.
The correlation of Coda Octopus 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 Coda Octopus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coda Octopus Group 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 Coda Octopus 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 Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:
Check out Historical Fundamental Analysis of Coda Octopus to cross-verify your projections.
Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Coda Stock analysis

When running Coda Octopus' price analysis, check to measure Coda Octopus' 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 Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
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Is Coda Octopus' 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 Coda Octopus. If investors know Coda 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 Coda Octopus 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
(0.53)
Earnings Share
0.21
Revenue Per Share
1.63
Quarterly Revenue Growth
(0.20)
Return On Assets
0.0235
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.