Academy Sports Stock Forecast - Daily Balance Of Power

ASO Stock  USD 55.64  0.05  0.09%   
Academy Stock Forecast is based on your current time horizon. Although Academy Sports' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Academy Sports' systematic risk associated with finding meaningful patterns of Academy Sports fundamentals over time.
  
At this time, Academy Sports' Payables Turnover is very stable compared to the past year. As of the 22nd of December 2024, Receivables Turnover is likely to grow to 345.02, while Inventory Turnover is likely to drop 3.09. . As of the 22nd of December 2024, Net Income Applicable To Common Shares is likely to grow to about 758.3 M, while Common Stock Shares Outstanding is likely to drop about 68.7 M.
On September 27, 2023 Academy Sports Outdoors had Daily Balance Of Power of 0.7596. Balance of Power indicator (or BOP) measures the strength of Academy Sports Outdoors market sensitivity to bulls and bears. It estimates the ability of Academy Sports buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Academy Sports Balance of Power indicator one can determine a trend of the price direction.
Check Academy Sports VolatilityBacktest Academy SportsTrend Details  

Academy Sports Trading Date Momentum

On September 28 2023 Academy Sports Outdoors was traded for  46.59  at the closing time. Highest Academy Sports's price during the trading hours was 46.74  and the lowest price during the day was  45.79 . The net volume was 1.3 M. The overall trading history on the 28th of September contributed to the next trading period price boost. The overall trading delta to the next next day price was 1.30% . The overall trading delta to current price is 1.50% .
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.
Compare Academy Sports to competition

Other Forecasting Options for Academy Sports

For every potential investor in Academy, whether a beginner or expert, Academy Sports' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Academy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Academy. Basic forecasting techniques help filter out the noise by identifying Academy Sports' price trends.

Academy Sports 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 Academy Sports stock to make a market-neutral strategy. Peer analysis of Academy Sports could also be used in its relative valuation, which is a method of valuing Academy Sports by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Academy Sports Outdoors 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 Academy Sports' 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 Academy Sports' current price.

Academy Sports Market Strength Events

Market strength indicators help investors to evaluate how Academy Sports stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Academy Sports shares will generate the highest return on investment. By undertsting and applying Academy Sports stock market strength indicators, traders can identify Academy Sports Outdoors entry and exit signals to maximize returns.

Academy Sports Risk Indicators

The analysis of Academy Sports' 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 Academy Sports' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting academy 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.
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 Academy Sports

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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.

Moving together with Academy Stock

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Moving against Academy Stock

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The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports Outdoors to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdoors 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 Academy Sports 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.
Pair CorrelationCorrelation Matching
When determining whether Academy Sports Outdoors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Academy Sports' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Academy Sports Outdoors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Academy Sports Outdoors Stock:
Is Other Specialty Retail 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 Academy Sports. If investors know Academy 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 Academy Sports 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
(0.03)
Earnings Share
6.05
Revenue Per Share
82.956
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0829
The market value of Academy Sports Outdoors is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.