Endava Stock Forecast - Accumulation Distribution
| DAVA Stock | USD 30.90 0.25 0.80% |
Endava Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Endava stock prices and determine the direction of Endava's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Endava's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Endava to cross-verify your projections. Endava |
Most investors in Endava 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 Endava's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Endava's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Endava is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Endava to determine if accumulation or reduction is taking place in the market. This value is adjusted by Endava trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 10858.65 | 0.034 |
| Check Endava Volatility | Backtest Endava | Information Ratio |
Endava Trading Date Momentum
| On May 06 2024 Endava was traded for 30.90 at the closing time. The top price for the day was 31.80 and the lowest listed price was 30.72 . There was no trading activity during the period 0.0. Lack of trading volume on May 6, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.91% . |
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 Endava to competition |
Other Forecasting Options for Endava
For every potential investor in Endava, whether a beginner or expert, Endava's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Endava Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Endava. Basic forecasting techniques help filter out the noise by identifying Endava's price trends.Endava 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 Endava stock to make a market-neutral strategy. Peer analysis of Endava could also be used in its relative valuation, which is a method of valuing Endava by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Endava 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 Endava'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 Endava's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Endava Market Strength Events
Market strength indicators help investors to evaluate how Endava stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Endava shares will generate the highest return on investment. By undertsting and applying Endava stock market strength indicators, traders can identify Endava entry and exit signals to maximize returns.
Endava Risk Indicators
The analysis of Endava'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 Endava's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting endava 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 | 2.53 | |||
| Standard Deviation | 5.79 | |||
| Variance | 33.49 |
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 Endava 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, Endava's short interest history, or implied volatility extrapolated from Endava options trading.
Pair Trading with Endava
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 Endava 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 Endava will appreciate offsetting losses from the drop in the long position's value.Moving together with Endava Stock
| 0.74 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Endava Stock
| 0.66 | GB | Global Blue Group | PairCorr |
| 0.63 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
| 0.57 | DTSS | Datasea | PairCorr |
| 0.55 | VERI | Veritone Financial Report 7th of May 2024 | PairCorr |
| 0.46 | SQ | Block Inc | PairCorr |
The ability to find closely correlated positions to Endava could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endava 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 Endava - 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 Endava to buy it.
The correlation of Endava 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 Endava moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endava 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 Endava 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 Endava to cross-verify your projections. For information on how to trade Endava Stock refer to our How to Trade Endava Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Endava Stock analysis
When running Endava's price analysis, check to measure Endava'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 Endava is operating at the current time. Most of Endava's value examination focuses on studying past and present price action to predict the probability of Endava's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endava's price. Additionally, you may evaluate how the addition of Endava to your portfolios can decrease your overall portfolio volatility.
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Is Endava'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 Endava. If investors know Endava 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 Endava listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Endava is measured differently than its book value, which is the value of Endava that is recorded on the company's balance sheet. Investors also form their own opinion of Endava's value that differs from its market value or its book value, called intrinsic value, which is Endava'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 Endava's market value can be influenced by many factors that don't directly affect Endava'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 Endava's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endava is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endava'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.