Shyft Stock Forecast - Accumulation Distribution
| SHYF Stock | USD 14.10 0.16 1.12% |
Shyft Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Shyft's historical fundamentals, such as revenue growth or operating cash flow patterns.
Shyft |
Open Interest Against 2024-12-20 Shyft Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Shyft's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Shyft's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Shyft stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Shyft's open interest, investors have to compare it to Shyft's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Shyft is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Shyft. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 1975.71 | 10773.68 |
| Check Shyft Volatility | Backtest Shyft | Trend Details |
Shyft Trading Date Momentum
| On November 22 2024 Shyft Group was traded for 13.78 at the closing time. The top price for the day was 13.82 and the lowest listed price was 13.37 . The trading volume for the day was 266.6 K. The trading history from November 22, 2024 was a factor to the next trading day price rise. The trading price change against the next closing price was 3.77% . The trading price change against the current closing price is 6.63% . |
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
| Compare Shyft to competition |
Other Forecasting Options for Shyft
For every potential investor in Shyft, whether a beginner or expert, Shyft's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shyft Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shyft. Basic forecasting techniques help filter out the noise by identifying Shyft's price trends.Shyft 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 Shyft stock to make a market-neutral strategy. Peer analysis of Shyft could also be used in its relative valuation, which is a method of valuing Shyft by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shyft 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 Shyft'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 Shyft's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Shyft Market Strength Events
Market strength indicators help investors to evaluate how Shyft stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shyft shares will generate the highest return on investment. By undertsting and applying Shyft stock market strength indicators, traders can identify Shyft Group entry and exit signals to maximize returns.
| Accumulation Distribution | 2512.76 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 14.26 | |||
| Day Typical Price | 14.21 | |||
| Price Action Indicator | (0.24) | |||
| Period Momentum Indicator | (0.16) | |||
| Relative Strength Index | 74.62 |
Shyft Risk Indicators
The analysis of Shyft'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 Shyft's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shyft 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 | 1.92 | |||
| Semi Deviation | 2.39 | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.76 | |||
| Downside Variance | 6.38 | |||
| Semi Variance | 5.72 | |||
| Expected Short fall | (2.06) |
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.
Currently Active Assets on Macroaxis
When determining whether Shyft Group is a strong investment it is important to analyze Shyft's 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 Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Shyft to cross-verify your projections. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Industrial Machinery & Supplies & 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 Shyft. If investors know Shyft 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 Shyft 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 (0.31) | Dividend Share 0.2 | Earnings Share (0.10) | Revenue Per Share 22.898 | Quarterly Revenue Growth (0.04) |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft'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 Shyft's market value can be influenced by many factors that don't directly affect Shyft'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 Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft'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.