Apogee Enterprises Stock Forecast - Rate Of Daily Change
| APOG Stock | USD 62.26 0.62 1.01% |
Apogee Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Apogee Enterprises stock prices and determine the direction of Apogee Enterprises's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Apogee Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Apogee Enterprises' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Apogee Enterprises' systematic risk associated with finding meaningful patterns of Apogee Enterprises fundamentals over time.
Check out Historical Fundamental Analysis of Apogee Enterprises to cross-verify your projections. Apogee |
Open Interest Against 2024-05-17 Apogee Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Apogee Enterprises' 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 Apogee Enterprises' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Apogee Enterprises 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 Apogee Enterprises' open interest, investors have to compare it to Apogee Enterprises' 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 Apogee Enterprises 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 Apogee. 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 Apogee Enterprises 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 Apogee Enterprises' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Apogee Enterprises' 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 Apogee Enterprises.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 1.02 | 1.01 |
| Check Apogee Enterprises Volatility | Backtest Apogee Enterprises | Information Ratio |
Apogee Enterprises Trading Date Momentum
| On April 25 2024 Apogee Enterprises was traded for 62.26 at the closing time. The top price for the day was 62.45 and the lowest listed price was 60.90 . There was no trading activity during the period 0.0. Lack of trading volume on April 25, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.78% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Apogee Enterprises to competition |
Other Forecasting Options for Apogee Enterprises
For every potential investor in Apogee, whether a beginner or expert, Apogee Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Apogee Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Apogee. Basic forecasting techniques help filter out the noise by identifying Apogee Enterprises' price trends.Apogee Enterprises 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 Apogee Enterprises stock to make a market-neutral strategy. Peer analysis of Apogee Enterprises could also be used in its relative valuation, which is a method of valuing Apogee Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Apogee Enterprises 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 Apogee Enterprises' 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 Apogee Enterprises' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Apogee Enterprises Market Strength Events
Market strength indicators help investors to evaluate how Apogee Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Apogee Enterprises shares will generate the highest return on investment. By undertsting and applying Apogee Enterprises stock market strength indicators, traders can identify Apogee Enterprises entry and exit signals to maximize returns.
Apogee Enterprises Risk Indicators
The analysis of Apogee Enterprises' 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 Apogee Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting apogee 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 | 1.28 | |||
| Semi Deviation | 1.37 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.42 | |||
| Downside Variance | 2.46 | |||
| Semi Variance | 1.87 | |||
| Expected Short fall | (1.42) |
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 Apogee Enterprises
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 Apogee Enterprises 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 Apogee Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with Apogee Stock
| 0.82 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
| 0.69 | OC | Owens Corning | PairCorr |
| 0.84 | TT | Trane Technologies plc Earnings Call This Week | PairCorr |
| 0.69 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
| 0.68 | VKSC | Viskase Companies | PairCorr |
Moving against Apogee Stock
| 0.53 | PPIH | Perma Pipe Internati Earnings Call Today | PairCorr |
| 0.48 | ROCK | Gibraltar Industries Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Apogee Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apogee Enterprises 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 Apogee Enterprises - 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 Apogee Enterprises to buy it.
The correlation of Apogee Enterprises 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 Apogee Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apogee Enterprises 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 Apogee Enterprises 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 Apogee Enterprises to cross-verify your projections. For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Apogee Stock analysis
When running Apogee Enterprises' price analysis, check to measure Apogee Enterprises' 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 Apogee Enterprises is operating at the current time. Most of Apogee Enterprises' value examination focuses on studying past and present price action to predict the probability of Apogee Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apogee Enterprises' price. Additionally, you may evaluate how the addition of Apogee Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is Apogee Enterprises' 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 Apogee Enterprises. If investors know Apogee 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 Apogee Enterprises 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 (0.21) | Dividend Share 0.97 | Earnings Share 4.7 | Revenue Per Share 64.786 | Quarterly Revenue Growth 0.052 |
The market value of Apogee Enterprises is measured differently than its book value, which is the value of Apogee that is recorded on the company's balance sheet. Investors also form their own opinion of Apogee Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Apogee Enterprises' 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 Apogee Enterprises' market value can be influenced by many factors that don't directly affect Apogee Enterprises' 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 Apogee Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Apogee Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apogee Enterprises' 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.