Azek Stock Forecast - Daily Balance Of Power
| AZEK Stock | USD 48.52 0.77 1.56% |
Azek Stock Forecast is based on your current time horizon. Although Azek's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Azek's systematic risk associated with finding meaningful patterns of Azek fundamentals over time.
Azek |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.17) | (0.06) |
| Check Azek Volatility | Backtest Azek | Trend Details |
Azek Trading Date Momentum
| On December 18 2024 Azek Company was traded for 48.97 at the closing time. The top price for the day was 53.16 and the lowest listed price was 48.91 . The trading volume for the day was 1.5 M. The trading history from December 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 7.13% . The overall trading delta against the current closing price is 7.59% . |
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 Azek
For every potential investor in Azek, whether a beginner or expert, Azek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Azek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Azek. Basic forecasting techniques help filter out the noise by identifying Azek's price trends.Azek 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 Azek stock to make a market-neutral strategy. Peer analysis of Azek could also be used in its relative valuation, which is a method of valuing Azek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Azek Company 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 Azek'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 Azek's current price.| Cycle Indicators | ||
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| Volume Indicators |
Azek Market Strength Events
Market strength indicators help investors to evaluate how Azek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Azek shares will generate the highest return on investment. By undertsting and applying Azek stock market strength indicators, traders can identify Azek Company entry and exit signals to maximize returns.
Azek Risk Indicators
The analysis of Azek'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 Azek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting azek 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 | 1.36 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.52 | |||
| Downside Variance | 4.08 | |||
| Semi Variance | 3.47 | |||
| Expected Short fall | (1.39) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Azek to cross-verify your projections. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Building Products 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 Azek. If investors know Azek 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 Azek 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 0.478 | Earnings Share 1.04 | Revenue Per Share 10.094 | Quarterly Revenue Growth 0.121 | Return On Assets 0.0603 |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.