Cardiol Therapeutics Stock Forecast - Accumulation Distribution

CRDL Stock  USD 1.36  0.07  4.90%   
Cardiol Stock Forecast is based on your current time horizon. Although Cardiol Therapeutics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cardiol Therapeutics' systematic risk associated with finding meaningful patterns of Cardiol Therapeutics fundamentals over time.
  
Inventory Turnover is expected to rise to 12.07 this year, although the value of Payables Turnover will most likely fall to 0.02. . The value of Common Stock Shares Outstanding is expected to slide to about 41.5 M. The value of Net Loss is expected to slide to about (29.2 M).
On October 17, 2024 Cardiol Therapeutics Class had Accumulation Distribution of 11438.46. The accumulation distribution (A/D) indicator shows the degree to which Cardiol Therapeutics is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Cardiol Therapeutics Class to determine if accumulation or reduction is taking place in the market. This value is adjusted by Cardiol Therapeutics trading volume to give more weight to distributions with higher volume over lower volume.
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Cardiol Therapeutics Trading Date Momentum

On October 18 2024 Cardiol Therapeutics Class was traded for  1.92  at the closing time. The top price for the day was 1.97  and the lowest listed price was  1.91 . The trading volume for the day was 585.3 K. The trading history from October 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.03% . The overall trading delta against the current closing price is 0.00% .
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Cardiol Therapeutics

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

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

Cardiol Therapeutics 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 Cardiol Therapeutics' 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 Cardiol Therapeutics' current price.

Cardiol Therapeutics Market Strength Events

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

Cardiol Therapeutics Risk Indicators

The analysis of Cardiol Therapeutics' 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 Cardiol Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardiol 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.

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When determining whether Cardiol Therapeutics is a strong investment it is important to analyze Cardiol Therapeutics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cardiol Therapeutics' future performance. For an informed investment choice regarding Cardiol Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Cardiol Therapeutics to cross-verify your projections.
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Is Biotechnology 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 Cardiol Therapeutics. If investors know Cardiol 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 Cardiol Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Return On Assets
(0.54)
Return On Equity
(1.08)
The market value of Cardiol Therapeutics is measured differently than its book value, which is the value of Cardiol that is recorded on the company's balance sheet. Investors also form their own opinion of Cardiol Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Cardiol Therapeutics' 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 Cardiol Therapeutics' market value can be influenced by many factors that don't directly affect Cardiol Therapeutics' 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 Cardiol Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardiol Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardiol Therapeutics' 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.