IGM Biosciences Stock Forecast - Accumulation Distribution
| IGMS Stock | USD 9.22 0.07 0.75% |
IGM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast IGM Biosciences stock prices and determine the direction of IGM Biosciences's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of IGM Biosciences' historical fundamentals, such as revenue growth or operating cash flow patterns. Although IGM Biosciences' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of IGM Biosciences' systematic risk associated with finding meaningful patterns of IGM Biosciences fundamentals over time.
Check out Historical Fundamental Analysis of IGM Biosciences to cross-verify your projections. IGM |
Open Interest Against 2024-06-21 IGM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast IGM Biosciences' 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 IGM Biosciences' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for IGM Biosciences 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 IGM Biosciences' open interest, investors have to compare it to IGM Biosciences' 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 IGM Biosciences 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 IGM. 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 IGM Biosciences 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 IGM Biosciences' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets IGM Biosciences' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which IGM Biosciences is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of IGM Biosciences to determine if accumulation or reduction is taking place in the market. This value is adjusted by IGM Biosciences trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 8783.75 | 5632.32 |
| Check IGM Biosciences Volatility | Backtest IGM Biosciences | Trend Details |
IGM Biosciences Trading Date Momentum
| On April 08 2024 IGM Biosciences was traded for 8.76 at the closing time. The top price for the day was 9.14 and the lowest listed price was 8.61 . The trading volume for the day was 125.6 K. The trading history from April 8, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.23% . |
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 IGM Biosciences to competition |
Other Forecasting Options for IGM Biosciences
For every potential investor in IGM, whether a beginner or expert, IGM Biosciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IGM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IGM. Basic forecasting techniques help filter out the noise by identifying IGM Biosciences' price trends.IGM Biosciences 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 IGM Biosciences stock to make a market-neutral strategy. Peer analysis of IGM Biosciences could also be used in its relative valuation, which is a method of valuing IGM Biosciences by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IGM Biosciences 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 IGM Biosciences' 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 IGM Biosciences' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IGM Biosciences Market Strength Events
Market strength indicators help investors to evaluate how IGM Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IGM Biosciences shares will generate the highest return on investment. By undertsting and applying IGM Biosciences stock market strength indicators, traders can identify IGM Biosciences entry and exit signals to maximize returns.
IGM Biosciences Risk Indicators
The analysis of IGM Biosciences' 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 IGM Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting igm 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 | 4.36 | |||
| Standard Deviation | 6.48 | |||
| Variance | 42.05 |
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 IGM Biosciences
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 IGM Biosciences 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 IGM Biosciences will appreciate offsetting losses from the drop in the long position's value.Moving together with IGM Stock
| 0.7 | VRDN | Viridian Therapeutics | PairCorr |
Moving against IGM Stock
| 0.65 | DSGN | Design Therapeutics | PairCorr |
| 0.52 | OPT | Opthea | PairCorr |
The ability to find closely correlated positions to IGM Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGM Biosciences 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 IGM Biosciences - 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 IGM Biosciences to buy it.
The correlation of IGM Biosciences 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 IGM Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IGM Biosciences 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 IGM Biosciences 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 IGM Biosciences to cross-verify your projections. For more information on how to buy IGM Stock please use our How to Invest in IGM Biosciences guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for IGM Stock analysis
When running IGM Biosciences' price analysis, check to measure IGM Biosciences' 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 IGM Biosciences is operating at the current time. Most of IGM Biosciences' value examination focuses on studying past and present price action to predict the probability of IGM Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Biosciences' price. Additionally, you may evaluate how the addition of IGM Biosciences to your portfolios can decrease your overall portfolio volatility.
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Is IGM Biosciences' 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 IGM Biosciences. If investors know IGM 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 IGM Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.21) | Revenue Per Share 0.037 | Quarterly Revenue Growth (0.05) | Return On Assets (0.38) | Return On Equity (1.18) |
The market value of IGM Biosciences is measured differently than its book value, which is the value of IGM that is recorded on the company's balance sheet. Investors also form their own opinion of IGM Biosciences' value that differs from its market value or its book value, called intrinsic value, which is IGM Biosciences' 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 IGM Biosciences' market value can be influenced by many factors that don't directly affect IGM Biosciences' 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 IGM Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if IGM Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IGM Biosciences' 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.