AutoNation Stock Forecast - Rate Of Daily Change
| AN Stock | USD 168.95 2.03 1.22% |
AutoNation Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AutoNation stock prices and determine the direction of AutoNation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AutoNation's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AutoNation's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AutoNation's systematic risk associated with finding meaningful patterns of AutoNation fundamentals over time.
Check out Historical Fundamental Analysis of AutoNation to cross-verify your projections. AutoNation |
Open Interest Against 2024-06-21 AutoNation Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast AutoNation'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 AutoNation's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for AutoNation 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 AutoNation's open interest, investors have to compare it to AutoNation'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 AutoNation 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 AutoNation. 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 AutoNation 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 AutoNation's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AutoNation's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of AutoNation.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 1.01 | 1.02 |
| Check AutoNation Volatility | Backtest AutoNation | Trend Details |
AutoNation Trading Date Momentum
| On April 29 2024 AutoNation was traded for 165.43 at the closing time. The highest price during the trading period was 170.41 and the lowest recorded bid was listed for 165.28 . The volume for the day was 602.9 K. This history from April 29, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.62% . The overall trading delta to the current price is 5.23% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare AutoNation to competition |
Other Forecasting Options for AutoNation
For every potential investor in AutoNation, whether a beginner or expert, AutoNation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AutoNation Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AutoNation. Basic forecasting techniques help filter out the noise by identifying AutoNation's price trends.AutoNation 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 AutoNation stock to make a market-neutral strategy. Peer analysis of AutoNation could also be used in its relative valuation, which is a method of valuing AutoNation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AutoNation 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 AutoNation'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 AutoNation's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AutoNation Market Strength Events
Market strength indicators help investors to evaluate how AutoNation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AutoNation shares will generate the highest return on investment. By undertsting and applying AutoNation stock market strength indicators, traders can identify AutoNation entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 168.95 | |||
| Day Typical Price | 168.95 | |||
| Price Action Indicator | 1.02 | |||
| Period Momentum Indicator | 2.03 | |||
| Relative Strength Index | 47.64 |
AutoNation Risk Indicators
The analysis of AutoNation'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 AutoNation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting autonation 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 | 1.25 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 1.69 | |||
| Variance | 2.85 | |||
| Downside Variance | 2.76 | |||
| Semi Variance | 2.02 | |||
| Expected Short fall | (1.32) |
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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When determining whether AutoNation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoNation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autonation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autonation Stock:Check out Historical Fundamental Analysis of AutoNation to cross-verify your projections. To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Automotive Retail space 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 AutoNation. If investors know AutoNation 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 AutoNation 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 (0.26) | Earnings Share 21.17 | Revenue Per Share 624.386 | Quarterly Revenue Growth 0.014 | Return On Assets 0.0865 |
The market value of AutoNation is measured differently than its book value, which is the value of AutoNation that is recorded on the company's balance sheet. Investors also form their own opinion of AutoNation's value that differs from its market value or its book value, called intrinsic value, which is AutoNation'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 AutoNation's market value can be influenced by many factors that don't directly affect AutoNation'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 AutoNation's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoNation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoNation'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.