Xometry Stock Forecast - Price Action Indicator
| XMTR Stock | USD 44.58 0.88 2.01% |
Xometry Stock Forecast is based on your current time horizon. Although Xometry's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Xometry's systematic risk associated with finding meaningful patterns of Xometry fundamentals over time.
Xometry |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.77) | (0.04) |
| Check Xometry Volatility | Backtest Xometry | Trend Details |
Xometry Trading Date Momentum
| On December 02 2024 Xometry was traded for 31.44 at the closing time. The top price for the day was 32.44 and the lowest listed price was 30.99 . The trading volume for the day was 617.2 K. The trading history from December 2, 2024 was a factor to the next trading day price gain. The trading price change against the next closing price was 1.26% . The trading price change against the current closing price is 3.77% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Xometry to competition |
Other Forecasting Options for Xometry
For every potential investor in Xometry, whether a beginner or expert, Xometry's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Xometry Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Xometry. Basic forecasting techniques help filter out the noise by identifying Xometry's price trends.Xometry 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 Xometry stock to make a market-neutral strategy. Peer analysis of Xometry could also be used in its relative valuation, which is a method of valuing Xometry by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Xometry 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 Xometry'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 Xometry's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Xometry Market Strength Events
Market strength indicators help investors to evaluate how Xometry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Xometry shares will generate the highest return on investment. By undertsting and applying Xometry stock market strength indicators, traders can identify Xometry entry and exit signals to maximize returns.
Xometry Risk Indicators
The analysis of Xometry'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 Xometry's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xometry 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 | 2.97 | |||
| Semi Deviation | 1.41 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.59 | |||
| Downside Variance | 5.01 | |||
| Semi Variance | 1.98 | |||
| Expected Short fall | (3.78) |
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 Xometry
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 Xometry 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 Xometry will appreciate offsetting losses from the drop in the long position's value.Moving together with Xometry Stock
Moving against Xometry Stock
The ability to find closely correlated positions to Xometry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xometry 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 Xometry - 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 Xometry to buy it.
The correlation of Xometry 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 Xometry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xometry 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 Xometry 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.Additional Tools for Xometry Stock Analysis
When running Xometry's price analysis, check to measure Xometry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xometry is operating at the current time. Most of Xometry's value examination focuses on studying past and present price action to predict the probability of Xometry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xometry's price. Additionally, you may evaluate how the addition of Xometry to your portfolios can decrease your overall portfolio volatility.