InnovAge Holding Stock Forecast - Accumulation Distribution
| INNV Stock | USD 4.04 0.04 0.98% |
InnovAge Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast InnovAge Holding stock prices and determine the direction of InnovAge Holding Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of InnovAge Holding's historical fundamentals, such as revenue growth or operating cash flow patterns. Although InnovAge Holding's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of InnovAge Holding's systematic risk associated with finding meaningful patterns of InnovAge Holding fundamentals over time.
Check out Historical Fundamental Analysis of InnovAge Holding to cross-verify your projections. InnovAge |
Open Interest Against 2024-05-17 InnovAge Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast InnovAge Holding'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 InnovAge Holding's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for InnovAge Holding 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 InnovAge Holding's open interest, investors have to compare it to InnovAge Holding'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 InnovAge Holding 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 InnovAge. 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 InnovAge Holding 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 InnovAge Holding's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets InnovAge Holding's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which InnovAge Holding is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of InnovAge Holding Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by InnovAge Holding trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2958.22 | 11168.37 |
| Check InnovAge Holding Volatility | Backtest InnovAge Holding | Trend Details |
InnovAge Holding Trading Date Momentum
| On February 21 2024 InnovAge Holding Corp was traded for 5.14 at the closing time. The top price for the day was 5.43 and the lowest listed price was 4.95 . The trading volume for the day was 17.3 K. The trading history from February 21, 2024 was a factor to the next trading day price increase. The trading delta at closing time against the next closing price was 5.11% . The trading delta at closing time against the current closing price is 0.41% . |
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 InnovAge Holding to competition |
Other Forecasting Options for InnovAge Holding
For every potential investor in InnovAge, whether a beginner or expert, InnovAge Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. InnovAge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in InnovAge. Basic forecasting techniques help filter out the noise by identifying InnovAge Holding's price trends.InnovAge Holding 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 InnovAge Holding stock to make a market-neutral strategy. Peer analysis of InnovAge Holding could also be used in its relative valuation, which is a method of valuing InnovAge Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
InnovAge Holding Corp 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 InnovAge Holding'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 InnovAge Holding's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
InnovAge Holding Market Strength Events
Market strength indicators help investors to evaluate how InnovAge Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading InnovAge Holding shares will generate the highest return on investment. By undertsting and applying InnovAge Holding stock market strength indicators, traders can identify InnovAge Holding Corp entry and exit signals to maximize returns.
InnovAge Holding Risk Indicators
The analysis of InnovAge Holding'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 InnovAge Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting innovage 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 | 3.33 | |||
| Standard Deviation | 4.38 | |||
| Variance | 19.19 |
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.
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 InnovAge Holding 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, InnovAge Holding's short interest history, or implied volatility extrapolated from InnovAge Holding options trading.
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 InnovAge Holding to cross-verify your projections. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for InnovAge Stock analysis
When running InnovAge Holding's price analysis, check to measure InnovAge Holding'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 InnovAge Holding is operating at the current time. Most of InnovAge Holding's value examination focuses on studying past and present price action to predict the probability of InnovAge Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnovAge Holding's price. Additionally, you may evaluate how the addition of InnovAge Holding to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Is InnovAge Holding'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 InnovAge Holding. If investors know InnovAge 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 InnovAge Holding 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 (0.88) | Earnings Share (0.23) | Revenue Per Share 5.311 | Quarterly Revenue Growth 0.128 | Return On Assets (0.04) |
The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding'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 InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding'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 InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding'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.