Workiva Stock Forecast - Daily Balance Of Power
| 0WKA Stock | EUR 96.50 4.00 4.32% |
Workiva Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Workiva's historical fundamentals, such as revenue growth or operating cash flow patterns.
Workiva |
| Check Workiva Volatility | Backtest Workiva | Trend Details |
Workiva Trading Date Momentum
| On August 26 2024 Workiva was traded for 71.00 at the closing time. The maximum traded price for the trading interval was 71.00 and the lowest daily price was 71.00 . The daily volume was recorded at 75.0. The volume of trading on 26th of August 2024 played a part in the next trading day price rise. The daily price change to the next closing price was 2.16% . The trading price change to the closing price today is 2.16% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Workiva
For every potential investor in Workiva, whether a beginner or expert, Workiva's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Workiva Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Workiva. Basic forecasting techniques help filter out the noise by identifying Workiva's price trends.Workiva 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 Workiva stock to make a market-neutral strategy. Peer analysis of Workiva could also be used in its relative valuation, which is a method of valuing Workiva by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Workiva 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 Workiva'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 Workiva's current price.| Cycle Indicators | ||
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| Volume Indicators |
Workiva Market Strength Events
Market strength indicators help investors to evaluate how Workiva stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workiva shares will generate the highest return on investment. By undertsting and applying Workiva stock market strength indicators, traders can identify Workiva entry and exit signals to maximize returns.
Workiva Risk Indicators
The analysis of Workiva'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 Workiva's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting workiva 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 | 1.6 | |||
| Semi Deviation | 1.58 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.66 | |||
| Downside Variance | 4.27 | |||
| Semi Variance | 2.49 | |||
| Expected Short fall | (2.04) |
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.
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Additional Information and Resources on Investing in Workiva Stock
When determining whether Workiva is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Workiva Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Workiva Stock. Highlighted below are key reports to facilitate an investment decision about Workiva Stock:Check out Historical Fundamental Analysis of Workiva to cross-verify your projections. For more detail on how to invest in Workiva Stock please use our How to Invest in Workiva guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.