Azek Stock Forecast - Day Typical Price
| AZEK Stock | USD 44.58 0.71 1.57% |
Azek Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Azek stock prices and determine the direction of Azek Company's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Azek's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Azek's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Azek's systematic risk associated with finding meaningful patterns of Azek fundamentals over time.
Check out Historical Fundamental Analysis of Azek to cross-verify your projections. Azek |
Open Interest Against 2024-06-21 Azek Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Azek'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 Azek's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Azek 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 Azek's open interest, investors have to compare it to Azek'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 Azek 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 Azek. 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 Azek 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 Azek's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Azek's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 45.32 | 44.7 |
| Check Azek Volatility | Backtest Azek | Information Ratio |
Azek Trading Date Momentum
| On June 06 2024 Azek Company was traded for 44.58 at the closing time. The top price for the day was 45.23 and the lowest listed price was 44.28 . The trading volume for the day was 1.8 M. The trading history from June 6, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.10% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Azek to competition |
Other Forecasting Options for Azek
For every potential investor in Azek, whether a beginner or expert, Azek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Azek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Azek. Basic forecasting techniques help filter out the noise by identifying Azek's price trends.Azek 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 Azek stock to make a market-neutral strategy. Peer analysis of Azek could also be used in its relative valuation, which is a method of valuing Azek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Azek Company 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 Azek'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 Azek's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Azek Market Strength Events
Market strength indicators help investors to evaluate how Azek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Azek shares will generate the highest return on investment. By undertsting and applying Azek stock market strength indicators, traders can identify Azek Company entry and exit signals to maximize returns.
| Accumulation Distribution | 36853.82 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 44.76 | |||
| Day Typical Price | 44.7 | |||
| Price Action Indicator | (0.53) | |||
| Period Momentum Indicator | (0.71) |
Azek Risk Indicators
The analysis of Azek'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 Azek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting azek 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 | 1.34 | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.97 |
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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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Azek Company using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Additional Information and Resources on Investing in Azek Stock
When determining whether Azek Company is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Azek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Azek Company Stock. Highlighted below are key reports to facilitate an investment decision about Azek Company Stock:Check out Historical Fundamental Analysis of Azek to cross-verify your projections. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Building Products space 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 Azek. If investors know Azek 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 Azek 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 0.285 | Earnings Share 0.79 | Revenue Per Share 9.342 | Quarterly Revenue Growth 0.112 | Return On Assets 0.0465 |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.