Canoo Stock Forecast - Accumulation Distribution
| GOEV Stock | USD 2.48 0.08 3.33% |
Canoo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Canoo stock prices and determine the direction of Canoo Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Canoo's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Canoo's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Canoo's systematic risk associated with finding meaningful patterns of Canoo fundamentals over time.
Check out Historical Fundamental Analysis of Canoo to cross-verify your projections. Canoo |
Open Interest Against 2024-04-19 Canoo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Canoo'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 Canoo's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Canoo 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 Canoo's open interest, investors have to compare it to Canoo'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 Canoo 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 Canoo. 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 Canoo 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 Canoo's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Canoo's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Canoo is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Canoo Inc to determine if accumulation or reduction is taking place in the market. This value is adjusted by Canoo trading volume to give more weight to distributions with higher volume over lower volume.| Check Canoo Volatility | Backtest Canoo | Trend Details |
Canoo Trading Date Momentum
| On August 10 2022 Canoo Inc was traded for 82.57 at the closing time. The top price for the day was 82.57 and the lowest listed price was 82.57 . The trading volume for the day was 248.8 K. The trading history from August 10, 2022 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 5.28% . The overall trading delta against the current closing price is 94.67% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Canoo to competition |
Other Forecasting Options for Canoo
For every potential investor in Canoo, whether a beginner or expert, Canoo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canoo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canoo. Basic forecasting techniques help filter out the noise by identifying Canoo's price trends.Canoo 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 Canoo stock to make a market-neutral strategy. Peer analysis of Canoo could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canoo Inc 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 Canoo'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 Canoo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Canoo Market Strength Events
Market strength indicators help investors to evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoo shares will generate the highest return on investment. By undertsting and applying Canoo stock market strength indicators, traders can identify Canoo Inc entry and exit signals to maximize returns.
Canoo Risk Indicators
The analysis of Canoo'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 Canoo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canoo 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 | 8.22 | |||
| Standard Deviation | 12.84 | |||
| Variance | 164.93 |
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.
Canoo Investors Sentiment
The influence of Canoo's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canoo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canoo's public news can be used to forecast risks associated with an investment in Canoo. The trend in average sentiment can be used to explain how an investor holding Canoo can time the market purely based on public headlines and social activities around Canoo Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canoo's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canoo's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canoo's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canoo.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canoo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canoo's short interest history, or implied volatility extrapolated from Canoo options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Canoo to cross-verify your projections. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Canoo Stock analysis
When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo'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 Canoo. If investors know Canoo 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 Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.19) | Revenue Per Share 0.035 | Return On Assets (0.32) | Return On Equity (1.26) |
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo'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 Canoo's market value can be influenced by many factors that don't directly affect Canoo'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 Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo'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.