Spotify Technology Stock Forecast - Day Typical Price
| SPOT Stock | USD 296.78 7.91 2.60% |
Spotify Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Spotify Technology stock prices and determine the direction of Spotify Technology SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Spotify Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Spotify Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Spotify Technology's systematic risk associated with finding meaningful patterns of Spotify Technology fundamentals over time.
Check out Historical Fundamental Analysis of Spotify Technology to cross-verify your projections. Spotify |
Open Interest Against 2024-06-07 Spotify Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Spotify Technology'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 Spotify Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Spotify Technology 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 Spotify Technology's open interest, investors have to compare it to Spotify Technology'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 Spotify Technology 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 Spotify. 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 Spotify Technology 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 Spotify Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Spotify Technology'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 |
| 297.88 | 297.88 |
| Check Spotify Technology Volatility | Backtest Spotify Technology | Information Ratio |
Spotify Technology Trading Date Momentum
| On June 03 2024 Spotify Technology SA was traded for 296.78 at the closing time. The top price for the day was 304.65 and the lowest listed price was 292.21 . There was no trading activity during the period 0.0. Lack of trading volume on June 3, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 1.72% . |
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 Spotify Technology to competition |
Other Forecasting Options for Spotify Technology
For every potential investor in Spotify, whether a beginner or expert, Spotify Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Spotify Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Spotify. Basic forecasting techniques help filter out the noise by identifying Spotify Technology's price trends.Spotify Technology 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 Spotify Technology stock to make a market-neutral strategy. Peer analysis of Spotify Technology could also be used in its relative valuation, which is a method of valuing Spotify Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Spotify Technology 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 Spotify Technology'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 Spotify Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Spotify Technology Market Strength Events
Market strength indicators help investors to evaluate how Spotify Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spotify Technology shares will generate the highest return on investment. By undertsting and applying Spotify Technology stock market strength indicators, traders can identify Spotify Technology SA entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0408 | |||
| Daily Balance Of Power | (0.64) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 298.43 | |||
| Day Typical Price | 297.88 | |||
| Market Facilitation Index | 12.44 | |||
| Price Action Indicator | (5.61) | |||
| Period Momentum Indicator | (7.91) |
Spotify Technology Risk Indicators
The analysis of Spotify Technology'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 Spotify Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spotify 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 | |||
| Semi Deviation | 1.98 | |||
| Standard Deviation | 2.7 | |||
| Variance | 7.31 | |||
| Downside Variance | 4.9 | |||
| Semi Variance | 3.94 | |||
| Expected Short fall | (2.13) |
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.
Pair Trading with Spotify Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spotify Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spotify Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Spotify Stock
| 0.62 | BZ | Kanzhun Ltd ADR | PairCorr |
| 0.78 | OB | Outbrain | PairCorr |
| 0.71 | TC | TuanChe ADR | PairCorr |
Moving against Spotify Stock
| 0.85 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
| 0.8 | GETY | Getty Images Holdings | PairCorr |
| 0.76 | Z | Zillow Group Class Buyout Trend | PairCorr |
| 0.69 | SLE | Super League Enterprise Symbol Change | PairCorr |
| 0.67 | ZH | Zhihu Inc ADR | PairCorr |
The ability to find closely correlated positions to Spotify Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spotify Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spotify Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spotify Technology SA to buy it.
The correlation of Spotify Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spotify Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spotify Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spotify Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Spotify Technology to cross-verify your projections. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Spotify Stock analysis
When running Spotify Technology's price analysis, check to measure Spotify Technology'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 Spotify Technology is operating at the current time. Most of Spotify Technology's value examination focuses on studying past and present price action to predict the probability of Spotify Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spotify Technology's price. Additionally, you may evaluate how the addition of Spotify Technology to your portfolios can decrease your overall portfolio volatility.
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Is Spotify Technology'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 Spotify Technology. If investors know Spotify 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 Spotify Technology 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 0.569 | Earnings Share (0.65) | Revenue Per Share 70.672 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0182 |
The market value of Spotify Technology is measured differently than its book value, which is the value of Spotify that is recorded on the company's balance sheet. Investors also form their own opinion of Spotify Technology's value that differs from its market value or its book value, called intrinsic value, which is Spotify Technology'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 Spotify Technology's market value can be influenced by many factors that don't directly affect Spotify Technology'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 Spotify Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spotify Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spotify Technology'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.