AYRO Stock Forecast - Period Momentum Indicator
| AYRO Stock | USD 1.41 0.05 3.42% |
AYRO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AYRO stock prices and determine the direction of AYRO Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AYRO's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AYRO's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AYRO's systematic risk associated with finding meaningful patterns of AYRO fundamentals over time.
Check out Historical Fundamental Analysis of AYRO to cross-verify your projections. AYRO |
Open Interest Against 2024-05-17 AYRO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast AYRO'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 AYRO's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for AYRO stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current AYRO's open interest, investors have to compare it to AYRO'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 AYRO 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 AYRO. 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.
Most investors in AYRO cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the AYRO's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AYRO's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| 0.02 | (0.05) |
| Check AYRO Volatility | Backtest AYRO | Information Ratio |
AYRO Trading Date Momentum
| On April 28 2024 AYRO Inc was traded for 1.41 at the closing time. The top price for the day was 1.44 and the lowest listed price was 1.39 . There was no trading activity during the period 0.0. Lack of trading volume on April 28, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.42% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare AYRO to competition |
Other Forecasting Options for AYRO
For every potential investor in AYRO, whether a beginner or expert, AYRO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AYRO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AYRO. Basic forecasting techniques help filter out the noise by identifying AYRO's price trends.AYRO 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 AYRO stock to make a market-neutral strategy. Peer analysis of AYRO could also be used in its relative valuation, which is a method of valuing AYRO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AYRO Inc 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 AYRO'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 AYRO's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AYRO Market Strength Events
Market strength indicators help investors to evaluate how AYRO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AYRO shares will generate the highest return on investment. By undertsting and applying AYRO stock market strength indicators, traders can identify AYRO Inc entry and exit signals to maximize returns.
AYRO Risk Indicators
The analysis of AYRO'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 AYRO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ayro 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 | 2.04 | |||
| Standard Deviation | 2.61 | |||
| Variance | 6.81 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AYRO in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AYRO's short interest history, or implied volatility extrapolated from AYRO options trading.
Pair Trading with AYRO
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 AYRO 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 AYRO will appreciate offsetting losses from the drop in the long position's value.Moving against AYRO Stock
| 0.82 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
| 0.67 | TH | Target Hospitality Corp Financial Report 14th of May 2024 | PairCorr |
| 0.64 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.54 | SG | Sweetgreen Buyout Trend | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO 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 AYRO - 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 AYRO Inc to buy it.
The correlation of AYRO 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 AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc 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 AYRO 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.Check out Historical Fundamental Analysis of AYRO to cross-verify your projections. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for AYRO Stock analysis
When running AYRO's price analysis, check to measure AYRO'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 AYRO is operating at the current time. Most of AYRO's value examination focuses on studying past and present price action to predict the probability of AYRO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AYRO's price. Additionally, you may evaluate how the addition of AYRO to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Is AYRO's industry 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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.19) | Revenue Per Share 0.105 | Quarterly Revenue Growth (0.74) | Return On Assets (0.33) | Return On Equity (0.88) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.