Sphere 3D Stock Forecast - Accumulation Distribution
| ANY Stock | USD 1.25 0.08 6.84% |
Sphere Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sphere 3D stock prices and determine the direction of Sphere 3D Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sphere 3D's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Sphere 3D's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Sphere 3D's systematic risk associated with finding meaningful patterns of Sphere 3D fundamentals over time.
Check out Historical Fundamental Analysis of Sphere 3D to cross-verify your projections. Sphere |
Open Interest Against 2024-06-21 Sphere Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Sphere 3D'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 Sphere 3D's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Sphere 3D 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 Sphere 3D's open interest, investors have to compare it to Sphere 3D'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 Sphere 3D 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 Sphere. 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 Sphere 3D 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 Sphere 3D's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sphere 3D's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Sphere 3D is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Sphere 3D Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Sphere 3D trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 49662.03 | 24506.44 |
| Check Sphere 3D Volatility | Backtest Sphere 3D | Trend Details |
Sphere 3D Trading Date Momentum
| On March 08 2024 Sphere 3D Corp was traded for 1.90 at the closing time. Highest Sphere 3D's price during the trading hours was 1.95 and the lowest price during the day was 1.72 . The net volume was 834 K. The overall trading history on the 8th of March contributed to the next trading period price jump. The overall trading delta to the next next day price was 11.11% . The trading price change to current price is 2.92% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Sphere 3D to competition |
Other Forecasting Options for Sphere 3D
For every potential investor in Sphere, whether a beginner or expert, Sphere 3D's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sphere Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sphere. Basic forecasting techniques help filter out the noise by identifying Sphere 3D's price trends.Sphere 3D 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 Sphere 3D stock to make a market-neutral strategy. Peer analysis of Sphere 3D could also be used in its relative valuation, which is a method of valuing Sphere 3D by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sphere 3D Corp 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 Sphere 3D'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 Sphere 3D's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sphere 3D Market Strength Events
Market strength indicators help investors to evaluate how Sphere 3D stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sphere 3D shares will generate the highest return on investment. By undertsting and applying Sphere 3D stock market strength indicators, traders can identify Sphere 3D Corp entry and exit signals to maximize returns.
Sphere 3D Risk Indicators
The analysis of Sphere 3D'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 Sphere 3D's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sphere 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 | 5.8 | |||
| Standard Deviation | 9.07 | |||
| Variance | 82.24 |
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.| MSFT | Microsoft | |
| GM | General Motors | |
| CRM | Salesforce |
Check out Historical Fundamental Analysis of Sphere 3D to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Sphere Stock analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D'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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.86) | Revenue Per Share 1.885 | Quarterly Revenue Growth 1.295 | Return On Assets (0.17) | Return On Equity (0.48) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.