Myomo Stock Forecast - Accumulation Distribution
| MYO Stock | USD 3.93 0.31 8.56% |
Myomo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Myomo stock prices and determine the direction of Myomo Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Myomo's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Myomo's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Myomo's systematic risk associated with finding meaningful patterns of Myomo fundamentals over time.
Check out Historical Fundamental Analysis of Myomo to cross-verify your projections. Myomo |
Most investors in Myomo 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 Myomo's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Myomo's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Myomo is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Myomo Inc to determine if accumulation or reduction is taking place in the market. This value is adjusted by Myomo trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 20661.69 | 0.099 |
| Check Myomo Volatility | Backtest Myomo | Information Ratio |
Myomo Trading Date Momentum
| On May 08 2024 Myomo Inc was traded for 3.93 at the closing time. Highest Myomo's price during the trading hours was 3.94 and the lowest price during the day was 3.55 . There was no trading activity during the period 0.0. Lack of trading volume on the 8th of May did not cause price change. The trading delta at closing time to current price is 7.89% . |
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 Myomo to competition |
Other Forecasting Options for Myomo
For every potential investor in Myomo, whether a beginner or expert, Myomo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Myomo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Myomo. Basic forecasting techniques help filter out the noise by identifying Myomo's price trends.Myomo 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 Myomo stock to make a market-neutral strategy. Peer analysis of Myomo could also be used in its relative valuation, which is a method of valuing Myomo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Myomo 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 Myomo'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 Myomo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Myomo Market Strength Events
Market strength indicators help investors to evaluate how Myomo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myomo shares will generate the highest return on investment. By undertsting and applying Myomo stock market strength indicators, traders can identify Myomo Inc entry and exit signals to maximize returns.
Myomo Risk Indicators
The analysis of Myomo'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 Myomo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myomo 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 | 4.74 | |||
| Semi Deviation | 4.38 | |||
| Standard Deviation | 6.68 | |||
| Variance | 44.69 | |||
| Downside Variance | 22.24 | |||
| Semi Variance | 19.22 | |||
| Expected Short fall | (6.56) |
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 Myomo 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, Myomo's short interest history, or implied volatility extrapolated from Myomo options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Myomo to cross-verify your projections. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Myomo Stock analysis
When running Myomo's price analysis, check to measure Myomo'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 Myomo is operating at the current time. Most of Myomo's value examination focuses on studying past and present price action to predict the probability of Myomo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myomo's price. Additionally, you may evaluate how the addition of Myomo to your portfolios can decrease your overall portfolio volatility.
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Is Myomo'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 Myomo. If investors know Myomo 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 Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 0.652 | Quarterly Revenue Growth 0.177 | Return On Assets (0.42) | Return On Equity (1.06) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo'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 Myomo's market value can be influenced by many factors that don't directly affect Myomo'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 Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo'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.