Shopify Stock Forecast - Skewness

SHOP Stock  USD 63.82  0.81  1.29%   
Shopify Stock Forecast is based on your current time horizon. Although Shopify's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Shopify's systematic risk associated with finding meaningful patterns of Shopify fundamentals over time.
  
At this time, Shopify's Payables Turnover is relatively stable compared to the past year. As of 06/12/2024, Fixed Asset Turnover is likely to grow to 50.43, while Inventory Turnover is likely to drop 22.26. . As of 06/12/2024, Common Stock Shares Outstanding is likely to drop to about 1.2 B. In addition to that, Net Loss is likely to grow to about (3 B).

Open Interest Against 2024-06-14 Shopify Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Shopify'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 Shopify's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Shopify 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 Shopify's open interest, investors have to compare it to Shopify'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 Shopify 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 Shopify. 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.
Shopify has current Skewness of 0.
Most investors in Shopify 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 Shopify's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Shopify's price structures and extracts relationships that further increase the generated results' accuracy.
Check Shopify VolatilityBacktest ShopifyInformation Ratio  

Shopify Trading Date Momentum

On June 11 2024 Shopify was traded for  63.82  at the closing time. The top price for the day was 64.69  and the lowest listed price was  63.23 . The trading volume for the day was 11.8 M. The trading history from June 11, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.08% .
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Other Forecasting Options for Shopify

For every potential investor in Shopify, whether a beginner or expert, Shopify's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shopify Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shopify. Basic forecasting techniques help filter out the noise by identifying Shopify's price trends.

Shopify 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 Shopify stock to make a market-neutral strategy. Peer analysis of Shopify could also be used in its relative valuation, which is a method of valuing Shopify by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Shopify 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 Shopify'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 Shopify's current price.

Shopify Market Strength Events

Market strength indicators help investors to evaluate how Shopify stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shopify shares will generate the highest return on investment. By undertsting and applying Shopify stock market strength indicators, traders can identify Shopify entry and exit signals to maximize returns.

Shopify Risk Indicators

The analysis of Shopify'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 Shopify's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shopify 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.
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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Additional Tools for Shopify Stock Analysis

When running Shopify's price analysis, check to measure Shopify'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 Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.