Presto Automation Stock Forecast - Day Typical Price
| PRST Stock | USD 0.15 0.02 11.76% |
Presto Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Presto Automation stock prices and determine the direction of Presto Automation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Presto Automation's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Presto Automation's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Presto Automation's systematic risk associated with finding meaningful patterns of Presto Automation fundamentals over time.
Check out Historical Fundamental Analysis of Presto Automation to cross-verify your projections. Presto |
Most investors in Presto Automation 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 Presto Automation's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Presto Automation's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 0.16 | 0.16 |
| Check Presto Automation Volatility | Backtest Presto Automation | Information Ratio |
Presto Automation Trading Date Momentum
| On May 28 2024 Presto Automation was traded for 0.15 at the closing time. The top price for the day was 0.18 and the lowest listed price was 0.14 . There was no trading activity during the period 0.0. Lack of trading volume on May 28, 2024 did not cause price change. The trading delta at closing time against the current closing price is 13.33% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Presto Automation to competition |
Other Forecasting Options for Presto Automation
For every potential investor in Presto, whether a beginner or expert, Presto Automation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Presto Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Presto. Basic forecasting techniques help filter out the noise by identifying Presto Automation's price trends.Presto Automation 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 Presto Automation stock to make a market-neutral strategy. Peer analysis of Presto Automation could also be used in its relative valuation, which is a method of valuing Presto Automation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Presto Automation 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 Presto Automation'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 Presto Automation's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Presto Automation Market Strength Events
Market strength indicators help investors to evaluate how Presto Automation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Presto Automation shares will generate the highest return on investment. By undertsting and applying Presto Automation stock market strength indicators, traders can identify Presto Automation entry and exit signals to maximize returns.
Presto Automation Risk Indicators
The analysis of Presto Automation'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 Presto Automation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting presto 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 | 9.27 | |||
| Semi Deviation | 9.76 | |||
| Standard Deviation | 15.67 | |||
| Variance | 245.44 | |||
| Downside Variance | 187.03 | |||
| Semi Variance | 95.16 | |||
| Expected Short fall | (22.04) |
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 Presto Automation
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 Presto Automation 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 Presto Automation will appreciate offsetting losses from the drop in the long position's value.Moving against Presto Stock
| 0.75 | WDC | Western Digital Earnings Call This Week | PairCorr |
| 0.58 | NTAP | NetApp Inc Earnings Call This Week | PairCorr |
| 0.51 | APH | Amphenol Sell-off Trend | PairCorr |
| 0.5 | DM | Desktop Metal | PairCorr |
| 0.49 | OSIS | OSI Systems Financial Report 22nd of August 2024 | PairCorr |
The ability to find closely correlated positions to Presto Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Presto Automation 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 Presto Automation - 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 Presto Automation to buy it.
The correlation of Presto Automation 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 Presto Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Presto Automation 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 Presto Automation 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 Presto Automation to cross-verify your projections. For more information on how to buy Presto Stock please use our How to Invest in Presto Automation guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Presto Stock analysis
When running Presto Automation's price analysis, check to measure Presto Automation'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 Presto Automation is operating at the current time. Most of Presto Automation's value examination focuses on studying past and present price action to predict the probability of Presto Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Presto Automation's price. Additionally, you may evaluate how the addition of Presto Automation to your portfolios can decrease your overall portfolio volatility.
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Is Presto Automation'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 Presto Automation. If investors know Presto 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 Presto Automation 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 (0.91) | Earnings Share (1.39) | Revenue Per Share 0.295 | Quarterly Revenue Growth (0.33) | Return On Assets (1.04) |
The market value of Presto Automation is measured differently than its book value, which is the value of Presto that is recorded on the company's balance sheet. Investors also form their own opinion of Presto Automation's value that differs from its market value or its book value, called intrinsic value, which is Presto Automation'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 Presto Automation's market value can be influenced by many factors that don't directly affect Presto Automation'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 Presto Automation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Presto Automation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Presto Automation'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.