Fox Corp Stock Forecast - Simple Moving Average
| FOXA Stock | USD 33.20 0.02 0.06% |
The Simple Moving Average forecasted value of Fox Corp Class on the next trading day is expected to be 33.19 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.58. Fox Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fox Corp stock prices and determine the direction of Fox Corp Class's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fox Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Fox |
Open Interest Against 2024-06-21 Fox Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Fox Corp's 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 Fox Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Fox Corp 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 Fox Corp's open interest, investors have to compare it to Fox Corp's 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 Fox Corp 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 Fox. 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 Fox Corp 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 Fox Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fox Corp's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Fox Corp is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility. Fox Corp Simple Moving Average Price Forecast For the 17th of June 2024
Given 90 days horizon, the Simple Moving Average forecasted value of Fox Corp Class on the next trading day is expected to be 33.19 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.18, and the sum of the absolute errors of 20.58.Please note that although there have been many attempts to predict Fox 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 Fox Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Fox Corp Stock Forecast Pattern
| Backtest Fox Corp | Fox Corp Price Prediction | Buy or Sell Advice |
Fox Corp Forecasted Value
In the context of forecasting Fox Corp's 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. Fox Corp's downside and upside margins for the forecasting period are 32.12 and 34.26, respectively. We have considered Fox Corp's 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Fox Corp stock data series using in forecasting. Note that when a statistical model is used to represent Fox Corp 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.| AIC | Akaike Information Criteria | 112.7077 |
| Bias | Arithmetic mean of the errors | -0.1083 |
| MAD | Mean absolute deviation | 0.3488 |
| MAPE | Mean absolute percentage error | 0.011 |
| SAE | Sum of the absolute errors | 20.58 |
Predictive Modules for Fox Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fox Corp Class. 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 Fox Corp's 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.
Other Forecasting Options for Fox Corp
For every potential investor in Fox, whether a beginner or expert, Fox Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fox Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fox. Basic forecasting techniques help filter out the noise by identifying Fox Corp's price trends.Fox Corp 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 Fox Corp stock to make a market-neutral strategy. Peer analysis of Fox Corp could also be used in its relative valuation, which is a method of valuing Fox Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fox Corp Class 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 Fox Corp'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 Fox Corp's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fox Corp Market Strength Events
Market strength indicators help investors to evaluate how Fox Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fox Corp shares will generate the highest return on investment. By undertsting and applying Fox Corp stock market strength indicators, traders can identify Fox Corp Class entry and exit signals to maximize returns.
Fox Corp Risk Indicators
The analysis of Fox Corp'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 Fox Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fox 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 | 0.9468 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.71 |
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.
Also Currently Popular
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.| NXPI | NXP Semiconductors NV | |
| MSFT | Microsoft | |
| DIS | Walt Disney |
Additional Information and Resources on Investing in Fox Stock
When determining whether Fox Corp Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fox Corp's 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 Fox Corp Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fox Corp Class Stock:Check out Historical Fundamental Analysis of Fox Corp to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Broadcasting space 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 Fox Corp. If investors know Fox 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 Fox Corp 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 (0.61) | Dividend Share 0.52 | Earnings Share 3.17 | Revenue Per Share 28.539 | Quarterly Revenue Growth (0.16) |
The market value of Fox Corp Class is measured differently than its book value, which is the value of Fox that is recorded on the company's balance sheet. Investors also form their own opinion of Fox Corp's value that differs from its market value or its book value, called intrinsic value, which is Fox Corp'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 Fox Corp's market value can be influenced by many factors that don't directly affect Fox Corp'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 Fox Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fox Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fox Corp'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.