Jumia Technologies Stock Forecast - Rate Of Daily Change
| JMIA Stock | USD 4.90 0.41 9.13% |
Jumia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Jumia Technologies stock prices and determine the direction of Jumia Technologies AG's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Jumia Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Jumia Technologies to cross-verify your projections. Jumia |
Most investors in Jumia Technologies 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 Jumia Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Jumia Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Jumia Technologies.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 1.05 | 1.09 |
| Check Jumia Technologies Volatility | Backtest Jumia Technologies | Information Ratio |
Jumia Technologies Trading Date Momentum
| On May 03 2024 Jumia Technologies AG was traded for 4.90 at the closing time. The top price for the day was 4.95 and the lowest listed price was 4.43 . There was no trading activity during the period 0.0. Lack of trading volume on May 3, 2024 did not cause price change. The trading delta at closing time against the current closing price is 4.49% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Jumia Technologies to competition |
Other Forecasting Options for Jumia Technologies
For every potential investor in Jumia, whether a beginner or expert, Jumia Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Jumia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Jumia. Basic forecasting techniques help filter out the noise by identifying Jumia Technologies' price trends.Jumia Technologies 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 Jumia Technologies stock to make a market-neutral strategy. Peer analysis of Jumia Technologies could also be used in its relative valuation, which is a method of valuing Jumia Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jumia Technologies 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 Jumia Technologies' 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 Jumia Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Jumia Technologies Market Strength Events
Market strength indicators help investors to evaluate how Jumia Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jumia Technologies shares will generate the highest return on investment. By undertsting and applying Jumia Technologies stock market strength indicators, traders can identify Jumia Technologies AG entry and exit signals to maximize returns.
Jumia Technologies Risk Indicators
The analysis of Jumia Technologies' 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 Jumia Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jumia 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 | 4.78 | |||
| Semi Deviation | 4.3 | |||
| Standard Deviation | 7.63 | |||
| Variance | 58.23 | |||
| Downside Variance | 23.54 | |||
| Semi Variance | 18.48 | |||
| Expected Short fall | (5.81) |
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 Jumia Technologies 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, Jumia Technologies' short interest history, or implied volatility extrapolated from Jumia Technologies options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Jumia Technologies to cross-verify your projections. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Jumia Stock analysis
When running Jumia Technologies' price analysis, check to measure Jumia Technologies' 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 Jumia Technologies is operating at the current time. Most of Jumia Technologies' value examination focuses on studying past and present price action to predict the probability of Jumia Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jumia Technologies' price. Additionally, you may evaluate how the addition of Jumia Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Jumia Technologies' 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 Jumia Technologies. If investors know Jumia 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 Jumia Technologies 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 Jumia Technologies is measured differently than its book value, which is the value of Jumia that is recorded on the company's balance sheet. Investors also form their own opinion of Jumia Technologies' value that differs from its market value or its book value, called intrinsic value, which is Jumia Technologies' 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 Jumia Technologies' market value can be influenced by many factors that don't directly affect Jumia Technologies' 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 Jumia Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jumia Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jumia Technologies' 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.