Myomo Stock Forecast - Price Action Indicator
| MYO Stock | USD 6.38 0.17 2.74% |
Myomo Stock Forecast is based on your current time horizon. Although Myomo's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Myomo's systematic risk associated with finding meaningful patterns of Myomo fundamentals over time.
Myomo |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.19) | 0.26 |
| Check Myomo Volatility | Backtest Myomo | Information Ratio |
Myomo Trading Date Momentum
| On December 11 2024 Myomo Inc was traded for 6.38 at the closing time. Highest Myomo's price during the trading hours was 6.61 and the lowest price during the day was 5.80 . The net volume was 387.7 K. The overall trading history on the 11th of December 2024 did not cause price change. The trading delta at closing time to current price is 5.17% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Myomo to competition |
Other Forecasting Options for Myomo
For every potential investor in Myomo, whether a beginner or expert, Myomo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Myomo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Myomo. Basic forecasting techniques help filter out the noise by identifying Myomo's price trends.View Myomo Related Equities
| Risk & Return | Correlation |
Myomo 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 Myomo'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 Myomo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Myomo Market Strength Events
Market strength indicators help investors to evaluate how Myomo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myomo shares will generate the highest return on investment. By undertsting and applying Myomo stock market strength indicators, traders can identify Myomo Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 47507.66 | |||
| Daily Balance Of Power | 0.2099 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 6.21 | |||
| Day Typical Price | 6.26 | |||
| Price Action Indicator | 0.26 | |||
| Period Momentum Indicator | 0.17 |
Myomo Risk Indicators
The analysis of Myomo'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 Myomo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myomo 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 | 2.71 | |||
| Semi Deviation | 2.33 | |||
| Standard Deviation | 4.0 | |||
| Variance | 15.99 | |||
| Downside Variance | 8.44 | |||
| Semi Variance | 5.42 | |||
| Expected Short fall | (3.23) |
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 Myomo
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 Myomo 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 Myomo will appreciate offsetting losses from the drop in the long position's value.Moving together with Myomo Stock
Moving against Myomo Stock
| 0.77 | DRIO | DarioHealth Corp | PairCorr |
| 0.69 | EDAP | EDAP TMS SA | PairCorr |
| 0.63 | VERO | Venus Concept | PairCorr |
| 0.38 | CI | Cigna Corp Downward Rally | PairCorr |
| 0.31 | VTAK | Catheter Precision Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Myomo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myomo 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 Myomo - 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 Myomo Inc to buy it.
The correlation of Myomo 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 Myomo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myomo 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 Myomo 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.Check out Historical Fundamental Analysis of Myomo to cross-verify your projections. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Health Care Equipment & Supplies space 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 Myomo. If investors know Myomo 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 Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 0.835 | Quarterly Revenue Growth 0.813 | Return On Assets (0.31) | Return On Equity (0.83) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo'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 Myomo's market value can be influenced by many factors that don't directly affect Myomo'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 Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo'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.