Xos Stock Forecast - Day Typical Price

XOS Stock  USD 7.49  0.06  0.79%   
Xos Stock Forecast is based on your current time horizon.
  
At this time, Xos' Payables Turnover is comparatively stable compared to the past year. Receivables Turnover is likely to gain to 4.75 in 2024, whereas Inventory Turnover is likely to drop 0.70 in 2024. . Common Stock Shares Outstanding is likely to drop to about 4.1 M in 2024. Net Loss is likely to gain to about (62.7 M) in 2024.

Open Interest Against 2024-07-19 Xos Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Xos' 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 Xos' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Xos stock based on available contracts left at the end of a trading day.
No Open Interest
Please note that to derive more accurate forecasting about market movement from the current Xos' open interest, investors have to compare it to Xos' 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 Xos 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 Xos. 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.
Xos Inc has current Day Typical Price of 7.52.
Most investors in Xos 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 Xos' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Xos' 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.
Check Xos VolatilityBacktest XosInformation Ratio  

Xos Trading Date Momentum

On June 09 2024 Xos Inc was traded for  7.49  at the closing time. Highest Xos's price during the trading hours was 7.67  and the lowest price during the day was  7.40 . There was no trading activity during the period 0.0. Lack of trading volume on the 9th of June had no short-term effect on price fluctuation. The trading price change to current price is 0.27% .
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.
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Other Forecasting Options for Xos

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

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

Xos 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 Xos' 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 Xos' current price.

Xos Market Strength Events

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

Xos Risk Indicators

The analysis of Xos' 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 Xos' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xos 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.

Pair Trading with Xos

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 Xos 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 Xos will appreciate offsetting losses from the drop in the long position's value.

Moving together with Xos Stock

  0.72GP GreenPower Motor Financial Report 12th of July 2024 PairCorr

Moving against Xos Stock

  0.61GENC Gencor IndustriesPairCorr
  0.5HY Hyster Yale MaterialsPairCorr
The ability to find closely correlated positions to Xos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xos 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 Xos - 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 Xos Inc to buy it.
The correlation of Xos 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 Xos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xos Inc 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 Xos 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.
Pair CorrelationCorrelation Matching

Additional Tools for Xos Stock Analysis

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