Foghorn Therapeutics Stock Forecast - Variance
| FHTX Stock | USD 5.25 0.36 6.42% |
Foghorn Stock Forecast is based on your current time horizon.
Foghorn |
Open Interest Against 2024-06-21 Foghorn Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Foghorn Therapeutics' 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 Foghorn Therapeutics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Foghorn Therapeutics 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 Foghorn Therapeutics' open interest, investors have to compare it to Foghorn Therapeutics' 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 Foghorn Therapeutics 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 Foghorn. 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 Foghorn Therapeutics 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 Foghorn Therapeutics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Foghorn Therapeutics' price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Variance | Variance | Trend |
| 0 | 0 |
| Check Foghorn Therapeutics Volatility | Backtest Foghorn Therapeutics | Information Ratio |
Foghorn Therapeutics Trading Date Momentum
| On June 17 2024 Foghorn Therapeutics was traded for 5.25 at the closing time. The top price for the day was 5.60 and the lowest listed price was 5.08 . There was no trading activity during the period 0.0. Lack of trading volume on June 17, 2024 did not affect price variability. The overall trading delta against the current closing price is 6.67% . |
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Other Forecasting Options for Foghorn Therapeutics
For every potential investor in Foghorn, whether a beginner or expert, Foghorn Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Foghorn Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Foghorn. Basic forecasting techniques help filter out the noise by identifying Foghorn Therapeutics' price trends.Foghorn Therapeutics 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 Foghorn Therapeutics stock to make a market-neutral strategy. Peer analysis of Foghorn Therapeutics could also be used in its relative valuation, which is a method of valuing Foghorn Therapeutics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Foghorn Therapeutics 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 Foghorn Therapeutics' 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 Foghorn Therapeutics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Foghorn Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Foghorn Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Foghorn Therapeutics shares will generate the highest return on investment. By undertsting and applying Foghorn Therapeutics stock market strength indicators, traders can identify Foghorn Therapeutics entry and exit signals to maximize returns.
Foghorn Therapeutics Risk Indicators
The analysis of Foghorn Therapeutics' 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 Foghorn Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting foghorn 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 | 4.66 | |||
| Semi Deviation | 6.38 | |||
| Standard Deviation | 6.41 | |||
| Variance | 41.04 | |||
| Downside Variance | 43.3 | |||
| Semi Variance | 40.66 | |||
| Expected Short fall | (4.82) |
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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Foghorn Stock Analysis
When running Foghorn Therapeutics' price analysis, check to measure Foghorn Therapeutics' 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 Foghorn Therapeutics is operating at the current time. Most of Foghorn Therapeutics' value examination focuses on studying past and present price action to predict the probability of Foghorn Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foghorn Therapeutics' price. Additionally, you may evaluate how the addition of Foghorn Therapeutics to your portfolios can decrease your overall portfolio volatility.