Root Stock Forecast - Period Momentum Indicator
| ROOT Stock | USD 49.45 0.08 0.16% |
Root Stock Forecast is based on your current time horizon.
Root |
Open Interest Against 2024-06-21 Root Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Root'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 Root's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Root 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 Root's open interest, investors have to compare it to Root'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 Root 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 Root. 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 Root 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 Root's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Root's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Root Volatility | Backtest Root | Information Ratio |
Root Trading Date Momentum
| On June 09 2024 Root Inc was traded for 49.45 at the closing time. The top price for the day was 51.74 and the lowest listed price was 47.77 . There was no trading activity during the period 0.0. Lack of trading volume on June 9, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.56% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Root to competition |
Other Forecasting Options for Root
For every potential investor in Root, whether a beginner or expert, Root's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Root Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Root. Basic forecasting techniques help filter out the noise by identifying Root's price trends.Root 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 Root stock to make a market-neutral strategy. Peer analysis of Root could also be used in its relative valuation, which is a method of valuing Root by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Root 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 Root'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 Root's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Root Market Strength Events
Market strength indicators help investors to evaluate how Root stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Root shares will generate the highest return on investment. By undertsting and applying Root stock market strength indicators, traders can identify Root Inc entry and exit signals to maximize returns.
Root Risk Indicators
The analysis of Root'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 Root's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting root 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 | 5.05 | |||
| Semi Deviation | 6.94 | |||
| Standard Deviation | 7.03 | |||
| Variance | 49.4 | |||
| Downside Variance | 57.27 | |||
| Semi Variance | 48.16 | |||
| Expected Short fall | (5.17) |
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 Root
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 Root 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 Root will appreciate offsetting losses from the drop in the long position's value.Moving against Root Stock
The ability to find closely correlated positions to Root could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Root 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 Root - 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 Root Inc to buy it.
The correlation of Root 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 Root moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Root Inc 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 Root 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.Additional Tools for Root Stock Analysis
When running Root's price analysis, check to measure Root'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 Root is operating at the current time. Most of Root's value examination focuses on studying past and present price action to predict the probability of Root's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Root's price. Additionally, you may evaluate how the addition of Root to your portfolios can decrease your overall portfolio volatility.