TrueCar Stock Forecast - Treynor Ratio
| TRUE Stock | USD 3.08 0.05 1.65% |
TrueCar Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TrueCar stock prices and determine the direction of TrueCar's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TrueCar's historical fundamentals, such as revenue growth or operating cash flow patterns. Although TrueCar's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of TrueCar's systematic risk associated with finding meaningful patterns of TrueCar fundamentals over time.
Check out Historical Fundamental Analysis of TrueCar to cross-verify your projections. TrueCar |
Open Interest Against 2024-06-21 TrueCar Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast TrueCar'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 TrueCar's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for TrueCar 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 TrueCar's open interest, investors have to compare it to TrueCar'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 TrueCar 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 TrueCar. 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 TrueCar 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 TrueCar's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TrueCar's price structures and extracts relationships that further increase the generated results' accuracy.
| Check TrueCar Volatility | Backtest TrueCar | Information Ratio |
TrueCar Trading Date Momentum
| On May 23 2024 TrueCar was traded for 3.08 at the closing time. The top price for the day was 3.09 and the lowest listed price was 3.03 . There was no trading activity during the period 0.0. Lack of trading volume on May 23, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.97% . |
| Compare TrueCar to competition |
Other Forecasting Options for TrueCar
For every potential investor in TrueCar, whether a beginner or expert, TrueCar's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TrueCar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TrueCar. Basic forecasting techniques help filter out the noise by identifying TrueCar's price trends.TrueCar 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 TrueCar stock to make a market-neutral strategy. Peer analysis of TrueCar could also be used in its relative valuation, which is a method of valuing TrueCar by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TrueCar 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 TrueCar'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 TrueCar's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TrueCar Market Strength Events
Market strength indicators help investors to evaluate how TrueCar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TrueCar shares will generate the highest return on investment. By undertsting and applying TrueCar stock market strength indicators, traders can identify TrueCar entry and exit signals to maximize returns.
TrueCar Risk Indicators
The analysis of TrueCar'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 TrueCar's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting truecar 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 | 2.77 | |||
| Standard Deviation | 3.62 | |||
| Variance | 13.07 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether TrueCar is a strong investment it is important to analyze TrueCar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TrueCar's future performance. For an informed investment choice regarding TrueCar Stock, refer to the following important reports:Check out Historical Fundamental Analysis of TrueCar to cross-verify your projections. For information on how to trade TrueCar Stock refer to our How to Trade TrueCar Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for TrueCar Stock analysis
When running TrueCar's price analysis, check to measure TrueCar'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 TrueCar is operating at the current time. Most of TrueCar's value examination focuses on studying past and present price action to predict the probability of TrueCar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrueCar's price. Additionally, you may evaluate how the addition of TrueCar to your portfolios can decrease your overall portfolio volatility.
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Is TrueCar'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 TrueCar. If investors know TrueCar 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 TrueCar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Revenue Per Share 1.8 | Quarterly Revenue Growth 0.11 | Return On Assets (0.1) | Return On Equity (0.21) |
The market value of TrueCar is measured differently than its book value, which is the value of TrueCar that is recorded on the company's balance sheet. Investors also form their own opinion of TrueCar's value that differs from its market value or its book value, called intrinsic value, which is TrueCar'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 TrueCar's market value can be influenced by many factors that don't directly affect TrueCar'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 TrueCar's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueCar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueCar'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.