AMCON Distributing Stock Forecast - Semi Deviation
| DIT Stock | USD 158.19 7.51 4.53% |
AMCON Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AMCON Distributing stock prices and determine the direction of AMCON Distributing's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AMCON Distributing's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AMCON Distributing's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AMCON Distributing's systematic risk associated with finding meaningful patterns of AMCON Distributing fundamentals over time.
Check out Historical Fundamental Analysis of AMCON Distributing to cross-verify your projections. AMCON |
Most investors in AMCON Distributing 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 AMCON Distributing's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AMCON Distributing's price structures and extracts relationships that further increase the generated results' accuracy.
| Check AMCON Distributing Volatility | Backtest AMCON Distributing | Information Ratio |
AMCON Distributing Trading Date Momentum
| On April 23 2024 AMCON Distributing was traded for 158.19 at the closing time. Highest AMCON Distributing's price during the trading hours was 168.00 and the lowest price during the day was 135.70 . There was no trading activity during the period 0.0. Lack of trading volume on the 23rd of April did not affect price variability. The overall trading delta to current price is 6.20% . |
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Other Forecasting Options for AMCON Distributing
For every potential investor in AMCON, whether a beginner or expert, AMCON Distributing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AMCON Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AMCON. Basic forecasting techniques help filter out the noise by identifying AMCON Distributing's price trends.AMCON Distributing 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 AMCON Distributing stock to make a market-neutral strategy. Peer analysis of AMCON Distributing could also be used in its relative valuation, which is a method of valuing AMCON Distributing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AMCON Distributing 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 AMCON Distributing'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 AMCON Distributing's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AMCON Distributing Market Strength Events
Market strength indicators help investors to evaluate how AMCON Distributing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AMCON Distributing shares will generate the highest return on investment. By undertsting and applying AMCON Distributing stock market strength indicators, traders can identify AMCON Distributing entry and exit signals to maximize returns.
AMCON Distributing Risk Indicators
The analysis of AMCON Distributing'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 AMCON Distributing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amcon 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 | 1.64 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.57 |
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 AMCON Distributing 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, AMCON Distributing's short interest history, or implied volatility extrapolated from AMCON Distributing options trading.
Pair Trading with AMCON Distributing
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 AMCON Distributing 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 AMCON Distributing will appreciate offsetting losses from the drop in the long position's value.Moving against AMCON Stock
| 0.78 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
| 0.75 | EDUC | Educational Development Report 9th of May 2024 | PairCorr |
| 0.67 | JD | JD Inc Adr Buyout Trend | PairCorr |
| 0.65 | EBAY | eBay Inc Financial Report 24th of April 2024 | PairCorr |
| 0.6 | AN | AutoNation Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to AMCON Distributing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMCON Distributing 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 AMCON Distributing - 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 AMCON Distributing to buy it.
The correlation of AMCON Distributing 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 AMCON Distributing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMCON Distributing 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 AMCON Distributing 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 AMCON Distributing to cross-verify your projections. For more information on how to buy AMCON Stock please use our How to Invest in AMCON Distributing guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for AMCON Stock analysis
When running AMCON Distributing's price analysis, check to measure AMCON Distributing'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 AMCON Distributing is operating at the current time. Most of AMCON Distributing's value examination focuses on studying past and present price action to predict the probability of AMCON Distributing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMCON Distributing's price. Additionally, you may evaluate how the addition of AMCON Distributing to your portfolios can decrease your overall portfolio volatility.
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Is AMCON Distributing'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 AMCON Distributing. If investors know AMCON 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 AMCON Distributing 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 (0.74) | Dividend Share 0.72 | Earnings Share 14.18 | Revenue Per Share 3.5 K | Quarterly Revenue Growth 0.045 |
The market value of AMCON Distributing is measured differently than its book value, which is the value of AMCON that is recorded on the company's balance sheet. Investors also form their own opinion of AMCON Distributing's value that differs from its market value or its book value, called intrinsic value, which is AMCON Distributing'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 AMCON Distributing's market value can be influenced by many factors that don't directly affect AMCON Distributing'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 AMCON Distributing's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMCON Distributing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMCON Distributing'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.