Coda Octopus Stock Forecast - Daily Balance Of Power
| CODA Stock | USD 8.06 0.33 4.27% |
Coda Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Coda Octopus stock prices and determine the direction of Coda Octopus Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Coda Octopus' historical fundamentals, such as revenue growth or operating cash flow patterns.
Coda |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.43) | (0.62) |
| Check Coda Octopus Volatility | Backtest Coda Octopus | Trend Details |
Coda Octopus Trading Date Momentum
| On April 11 2024 Coda Octopus Group was traded for 6.33 at the closing time. The top price for the day was 6.59 and the lowest listed price was 6.33 . The trading volume for the day was 10.4 K. The trading history from April 11, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.91% . The overall trading delta against the current closing price is 5.06% . |
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 Coda Octopus
For every potential investor in Coda, whether a beginner or expert, Coda Octopus' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Coda Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Coda. Basic forecasting techniques help filter out the noise by identifying Coda Octopus' price trends.Coda Octopus 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 Coda Octopus stock to make a market-neutral strategy. Peer analysis of Coda Octopus could also be used in its relative valuation, which is a method of valuing Coda Octopus by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Coda Octopus Group 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 Coda Octopus' 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 Coda Octopus' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Coda Octopus Market Strength Events
Market strength indicators help investors to evaluate how Coda Octopus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coda Octopus shares will generate the highest return on investment. By undertsting and applying Coda Octopus stock market strength indicators, traders can identify Coda Octopus Group entry and exit signals to maximize returns.
| Accumulation Distribution | 404.91 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 7.91 | |||
| Day Typical Price | 7.96 | |||
| Price Action Indicator | 0.32 | |||
| Period Momentum Indicator | 0.33 |
Coda Octopus Risk Indicators
The analysis of Coda Octopus' 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 Coda Octopus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coda 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 | 2.14 | |||
| Semi Deviation | 1.92 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.8 | |||
| Downside Variance | 4.07 | |||
| Semi Variance | 3.68 | |||
| Expected Short fall | (2.89) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' 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 Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:Check out Historical Fundamental Analysis of Coda Octopus to cross-verify your projections. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Electronic Equipment, Instruments & Components 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 Coda Octopus. If investors know Coda 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 Coda Octopus 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 0.222 | Earnings Share 0.26 | Revenue Per Share 1.678 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0344 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.