ODP Corp Stock Forecast - Accumulation Distribution
| ODP Stock | USD 49.38 0.62 1.24% |
ODP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ODP Corp stock prices and determine the direction of ODP Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ODP Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ODP Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ODP Corp's systematic risk associated with finding meaningful patterns of ODP Corp fundamentals over time.
Check out Historical Fundamental Analysis of ODP Corp to cross-verify your projections. ODP |
Open Interest Against 2024-04-19 ODP Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ODP Corp'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 ODP Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ODP Corp 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 ODP Corp's open interest, investors have to compare it to ODP Corp'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 ODP Corp 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 ODP. 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 ODP Corp 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 ODP Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ODP Corp's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which ODP Corp is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of ODP Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by ODP Corp trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 7002.54 | 11905.4 |
| Check ODP Corp Volatility | Backtest ODP Corp | Trend Details |
ODP Corp Trading Date Momentum
| On May 22 2023 ODP Corp was traded for 41.16 at the closing time. Highest ODP Corp's price during the trading hours was 41.89 and the lowest price during the day was 40.87 . The net volume was 352.4 K. The overall trading history on the 22nd of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.11% . The trading delta at closing time to current price is 1.18% . |
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 ODP Corp to competition |
Other Forecasting Options for ODP Corp
For every potential investor in ODP, whether a beginner or expert, ODP Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ODP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ODP. Basic forecasting techniques help filter out the noise by identifying ODP Corp's price trends.ODP Corp 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 ODP Corp stock to make a market-neutral strategy. Peer analysis of ODP Corp could also be used in its relative valuation, which is a method of valuing ODP Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ODP 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 ODP Corp'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 ODP Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ODP Corp Market Strength Events
Market strength indicators help investors to evaluate how ODP Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ODP Corp shares will generate the highest return on investment. By undertsting and applying ODP Corp stock market strength indicators, traders can identify ODP Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 7093.32 | |||
| Daily Balance Of Power | (0.63) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 49.86 | |||
| Day Typical Price | 49.7 | |||
| Price Action Indicator | (0.79) | |||
| Period Momentum Indicator | (0.62) | |||
| Relative Strength Index | 34.83 |
ODP Corp Risk Indicators
The analysis of ODP Corp'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 ODP Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting odp 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 | 1.22 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.52 |
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.
ODP Corp Investors Sentiment
The influence of ODP Corp'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 ODP. 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 ODP Corp's public news can be used to forecast risks associated with an investment in ODP. The trend in average sentiment can be used to explain how an investor holding ODP can time the market purely based on public headlines and social activities around ODP Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ODP Corp'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 ODP Corp'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 ODP Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ODP Corp.
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 ODP Corp 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, ODP Corp's short interest history, or implied volatility extrapolated from ODP Corp options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of ODP Corp to cross-verify your projections. To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.Note that the ODP Corp information on this page should be used as a complementary analysis to other ODP Corp'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for ODP Stock analysis
When running ODP Corp's price analysis, check to measure ODP Corp'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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.
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Is ODP Corp'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 ODP Corp. If investors know ODP 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 ODP Corp 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 0.316 | Earnings Share 3.5 | Revenue Per Share 200.795 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0464 |
The market value of ODP Corp is measured differently than its book value, which is the value of ODP that is recorded on the company's balance sheet. Investors also form their own opinion of ODP Corp's value that differs from its market value or its book value, called intrinsic value, which is ODP Corp'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 ODP Corp's market value can be influenced by many factors that don't directly affect ODP Corp'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 ODP Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODP Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODP Corp'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.