Iridium Communications Stock Forecast - Relative Strength Index
| IRDM Stock | USD 31.37 1.68 5.66% |
Iridium Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Iridium Communications stock prices and determine the direction of Iridium Communications's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Iridium Communications' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Iridium Communications' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Iridium Communications' systematic risk associated with finding meaningful patterns of Iridium Communications fundamentals over time.
Check out Historical Fundamental Analysis of Iridium Communications to cross-verify your projections. Iridium |
Open Interest Against 2024-05-17 Iridium Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Iridium Communications' 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 Iridium Communications' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Iridium Communications 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 Iridium Communications' open interest, investors have to compare it to Iridium Communications' 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 Iridium Communications 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 Iridium. 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 Iridium Communications 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 Iridium Communications' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Iridium Communications' price structures and extracts relationships that further increase the generated results' accuracy.
| Check Iridium Communications Volatility | Backtest Iridium Communications | Information Ratio |
Iridium Communications Trading Date Momentum
| On April 26 2024 Iridium Communications was traded for 31.37 at the closing time. The top price for the day was 31.83 and the lowest listed price was 29.84 . The trading volume for the day was 2.4 M. The trading history from April 26, 2024 did not cause price change. The trading delta at closing time against the current closing price is 4.78% . |
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Other Forecasting Options for Iridium Communications
For every potential investor in Iridium, whether a beginner or expert, Iridium Communications' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Iridium Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Iridium. Basic forecasting techniques help filter out the noise by identifying Iridium Communications' price trends.Iridium Communications 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 Iridium Communications stock to make a market-neutral strategy. Peer analysis of Iridium Communications could also be used in its relative valuation, which is a method of valuing Iridium Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Iridium Communications 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 Iridium Communications' 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 Iridium Communications' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Volume Indicators |
Iridium Communications Market Strength Events
Market strength indicators help investors to evaluate how Iridium Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Iridium Communications shares will generate the highest return on investment. By undertsting and applying Iridium Communications stock market strength indicators, traders can identify Iridium Communications entry and exit signals to maximize returns.
| Accumulation Distribution | 148013.0 | |||
| Daily Balance Of Power | 0.8442 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 30.84 | |||
| Day Typical Price | 31.01 | |||
| Price Action Indicator | 1.38 | |||
| Period Momentum Indicator | 1.68 |
Iridium Communications Risk Indicators
The analysis of Iridium Communications' 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 Iridium Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting iridium 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 | 1.87 | |||
| Standard Deviation | 2.69 | |||
| Variance | 7.22 |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Iridium Communications to cross-verify your projections. To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.Note that the Iridium Communications information on this page should be used as a complementary analysis to other Iridium Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Iridium Stock analysis
When running Iridium Communications' price analysis, check to measure Iridium Communications' 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 Iridium Communications is operating at the current time. Most of Iridium Communications' value examination focuses on studying past and present price action to predict the probability of Iridium Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iridium Communications' price. Additionally, you may evaluate how the addition of Iridium Communications to your portfolios can decrease your overall portfolio volatility.
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Is Iridium Communications' 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 Iridium Communications. If investors know Iridium 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 Iridium Communications 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 1.074 | Dividend Share 0.52 | Earnings Share 0.2 | Revenue Per Share 6.334 | Quarterly Revenue Growth (0.01) |
The market value of Iridium Communications is measured differently than its book value, which is the value of Iridium that is recorded on the company's balance sheet. Investors also form their own opinion of Iridium Communications' value that differs from its market value or its book value, called intrinsic value, which is Iridium Communications' 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 Iridium Communications' market value can be influenced by many factors that don't directly affect Iridium Communications' 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 Iridium Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iridium Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iridium Communications' 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.