Coda Octopus Stock Forecast - Day Median Price
| CODA Stock | USD 6.00 0.08 1.32% |
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. Coda |
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.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 6.14 | 6.08 |
| Check Coda Octopus Volatility | Backtest Coda Octopus | Information Ratio |
Coda Octopus Trading Date Momentum
| On April 18 2024 Coda Octopus Group was traded for 6.00 at the closing time. The top price for the day was 6.18 and the lowest listed price was 5.98 . The trading volume for the day was 16.6 K. The trading history from April 18, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.00% . |
The median price is the midpoint of the trading periods range.
| Compare Coda Octopus to competition |
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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Mean Deviation | 1.52 | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.31 |
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 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 together with Coda Stock
| 0.73 | FKWL | Franklin Wireless Corp | PairCorr |
Moving against Coda Stock
| 0.58 | NOK | Nokia Corp ADR | PairCorr |
| 0.51 | KTCC | Key Tronic Financial Report 7th of May 2024 | PairCorr |
| 0.43 | INVE | Identiv Financial Report 2nd of May 2024 | PairCorr |
| 0.43 | NNDM | Nano Dimension | 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.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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.