Resideo Technologies Stock Forecast - Total Risk Alpha
| REZI Stock | USD 19.63 0.28 1.45% |
Resideo Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Resideo Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Resideo |
Open Interest Against 2024-06-21 Resideo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Resideo Technologies' 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 Resideo Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Resideo Technologies 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 Resideo Technologies' open interest, investors have to compare it to Resideo Technologies' 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 Resideo Technologies 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 Resideo. 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 Resideo Technologies 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 Resideo Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Resideo Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
| Check Resideo Technologies Volatility | Backtest Resideo Technologies | Information Ratio |
Resideo Technologies Trading Date Momentum
| On June 20 2024 Resideo Technologies was traded for 19.63 at the closing time. The top price for the day was 19.69 and the lowest listed price was 19.25 . There was no trading activity during the period 0.0. Lack of trading volume on June 20, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.17% . |
| Compare Resideo Technologies to competition |
Other Forecasting Options for Resideo Technologies
For every potential investor in Resideo, whether a beginner or expert, Resideo Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Resideo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Resideo. Basic forecasting techniques help filter out the noise by identifying Resideo Technologies' price trends.Resideo Technologies 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 Resideo Technologies stock to make a market-neutral strategy. Peer analysis of Resideo Technologies could also be used in its relative valuation, which is a method of valuing Resideo Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Resideo Technologies 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 Resideo Technologies' 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 Resideo Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Resideo Technologies Market Strength Events
Market strength indicators help investors to evaluate how Resideo Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Resideo Technologies shares will generate the highest return on investment. By undertsting and applying Resideo Technologies stock market strength indicators, traders can identify Resideo Technologies entry and exit signals to maximize returns.
Resideo Technologies Risk Indicators
The analysis of Resideo Technologies' 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 Resideo Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting resideo 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 | 1.27 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.54 |
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.
Currently Active Assets on Macroaxis
| SWKS | Skyworks Solutions | |
| AMGN | Amgen Inc | |
| SMAPX | Salient Mlp Energy | |
| MMM | 3M Company | |
| AMZN | Amazon Inc |
Additional Information and Resources on Investing in Resideo Stock
When determining whether Resideo Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Resideo Technologies' 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 Resideo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Resideo Technologies Stock:Check out Historical Fundamental Analysis of Resideo Technologies to cross-verify your projections. For more detail on how to invest in Resideo Stock please use our How to Invest in Resideo Technologies guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Building Products 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 Resideo Technologies. If investors know Resideo 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 Resideo Technologies 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 (0.24) | Earnings Share 1.33 | Revenue Per Share 42.106 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0574 |
The market value of Resideo Technologies is measured differently than its book value, which is the value of Resideo that is recorded on the company's balance sheet. Investors also form their own opinion of Resideo Technologies' value that differs from its market value or its book value, called intrinsic value, which is Resideo Technologies' 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 Resideo Technologies' market value can be influenced by many factors that don't directly affect Resideo Technologies' 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 Resideo Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Resideo Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resideo Technologies' 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.