Fabrinet Stock Forecast - Day Median Price
| FN Stock | USD 168.67 4.50 2.74% |
Fabrinet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fabrinet stock prices and determine the direction of Fabrinet's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fabrinet's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Fabrinet's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Fabrinet's systematic risk associated with finding meaningful patterns of Fabrinet fundamentals over time.
Check out Historical Fundamental Analysis of Fabrinet to cross-verify your projections. Fabrinet |
Open Interest Against 2024-05-17 Fabrinet Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Fabrinet'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 Fabrinet's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Fabrinet 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 Fabrinet's open interest, investors have to compare it to Fabrinet'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 Fabrinet 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 Fabrinet. 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 Fabrinet 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 Fabrinet's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fabrinet's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 163.22 | 168.01 |
| Check Fabrinet Volatility | Backtest Fabrinet | Information Ratio |
Fabrinet Trading Date Momentum
| On April 23 2024 Fabrinet was traded for 168.67 at the closing time. The highest price during the trading period was 170.69 and the lowest recorded bid was listed for 165.33 . The volume for the day was 448.2 K. This history from April 23, 2024 did not affect price variability. The overall trading delta to the current price is 1.98% . |
The median price is the midpoint of the trading periods range.
| Compare Fabrinet to competition |
Other Forecasting Options for Fabrinet
For every potential investor in Fabrinet, whether a beginner or expert, Fabrinet's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fabrinet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fabrinet. Basic forecasting techniques help filter out the noise by identifying Fabrinet's price trends.Fabrinet 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 Fabrinet stock to make a market-neutral strategy. Peer analysis of Fabrinet could also be used in its relative valuation, which is a method of valuing Fabrinet by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fabrinet 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 Fabrinet'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 Fabrinet's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fabrinet Market Strength Events
Market strength indicators help investors to evaluate how Fabrinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fabrinet shares will generate the highest return on investment. By undertsting and applying Fabrinet stock market strength indicators, traders can identify Fabrinet entry and exit signals to maximize returns.
Fabrinet Risk Indicators
The analysis of Fabrinet'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 Fabrinet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fabrinet 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 | 2.37 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.34 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Fabrinet to cross-verify your projections. To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Fabrinet Stock analysis
When running Fabrinet's price analysis, check to measure Fabrinet'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 Fabrinet is operating at the current time. Most of Fabrinet's value examination focuses on studying past and present price action to predict the probability of Fabrinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fabrinet's price. Additionally, you may evaluate how the addition of Fabrinet to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Is Fabrinet'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 Fabrinet. If investors know Fabrinet 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 Fabrinet 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 0.105 | Earnings Share 6.93 | Revenue Per Share 74.744 | Quarterly Revenue Growth 0.066 | Return On Assets 0.0803 |
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet'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 Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet'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 Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet'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.