Workhorse Stock Forecast - Rate Of Daily Change
| WKHS Stock | USD 0.16 0.01 6.67% |
Workhorse Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Workhorse stock prices and determine the direction of Workhorse Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Workhorse's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Workhorse's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Workhorse's systematic risk associated with finding meaningful patterns of Workhorse fundamentals over time.
Check out Historical Fundamental Analysis of Workhorse to cross-verify your projections. Workhorse |
Open Interest Against 2024-04-26 Workhorse Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Workhorse'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 Workhorse's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Workhorse 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 Workhorse's open interest, investors have to compare it to Workhorse'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 Workhorse 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 Workhorse. 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 Workhorse 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 Workhorse's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Workhorse's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Workhorse.| Check Workhorse Volatility | Backtest Workhorse | Information Ratio |
Workhorse Trading Date Momentum
| On April 23 2024 Workhorse Group was traded for 0.16 at the closing time. The top price for the day was 0.17 and the lowest listed price was 0.16 . The trading volume for the day was 11.8 M. The trading history from April 23, 2024 had no short-term effect on price fluctuation. The trading price change against the current closing price is 0.00% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Workhorse to competition |
Other Forecasting Options for Workhorse
For every potential investor in Workhorse, whether a beginner or expert, Workhorse's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Workhorse Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Workhorse. Basic forecasting techniques help filter out the noise by identifying Workhorse's price trends.Workhorse 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 Workhorse stock to make a market-neutral strategy. Peer analysis of Workhorse could also be used in its relative valuation, which is a method of valuing Workhorse by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Workhorse Group 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 Workhorse'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 Workhorse's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Workhorse Market Strength Events
Market strength indicators help investors to evaluate how Workhorse stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workhorse shares will generate the highest return on investment. By undertsting and applying Workhorse stock market strength indicators, traders can identify Workhorse Group entry and exit signals to maximize returns.
| Accumulation Distribution | 693529.0 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.07 | |||
| Day Median Price | 0.17 | |||
| Day Typical Price | 0.16 | |||
| Period Momentum Indicator | 0.01 |
Workhorse Risk Indicators
The analysis of Workhorse'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 Workhorse's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting workhorse 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 | 4.92 | |||
| Standard Deviation | 6.59 | |||
| Variance | 43.37 |
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.When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Workhorse to cross-verify your projections. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Workhorse Stock analysis
When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse'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 Workhorse. If investors know Workhorse 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 Workhorse 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 190.435 | Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.278 | Return On Assets (0.40) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse'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 Workhorse's market value can be influenced by many factors that don't directly affect Workhorse'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 Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse'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.