Delta Air Stock Forecast - Day Typical Price
| DAL Stock | USD 47.88 1.33 2.86% |
Delta Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Delta Air stock prices and determine the direction of Delta Air Lines's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Delta Air's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Delta Air's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Delta Air's systematic risk associated with finding meaningful patterns of Delta Air fundamentals over time.
Check out Historical Fundamental Analysis of Delta Air to cross-verify your projections. Delta |
Open Interest Against 2024-04-19 Delta Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Delta Air'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 Delta Air's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Delta Air 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 Delta Air's open interest, investors have to compare it to Delta Air'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 Delta Air 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 Delta. 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 Delta Air 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 Delta Air's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Delta Air's 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.| Previous Day Typical Price | Day Typical Price | Trend |
| 47.74 | 47.74 |
| Check Delta Air Volatility | Backtest Delta Air | Information Ratio |
Delta Air Trading Date Momentum
| On April 18 2024 Delta Air Lines was traded for 47.88 at the closing time. Highest Delta Air's price during the trading hours was 48.19 and the lowest price during the day was 47.15 . There was no trading activity during the period 0.0. Lack of trading volume on the 18th of April 2024 did not affect price variability. The overall trading delta to current price is 0.33% . |
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.
| Compare Delta Air to competition |
Other Forecasting Options for Delta Air
For every potential investor in Delta, whether a beginner or expert, Delta Air's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Delta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Delta. Basic forecasting techniques help filter out the noise by identifying Delta Air's price trends.Delta Air 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 Delta Air stock to make a market-neutral strategy. Peer analysis of Delta Air could also be used in its relative valuation, which is a method of valuing Delta Air by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Delta Air Lines 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 Delta Air'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 Delta Air's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Delta Air Market Strength Events
Market strength indicators help investors to evaluate how Delta Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Delta Air shares will generate the highest return on investment. By undertsting and applying Delta Air stock market strength indicators, traders can identify Delta Air Lines entry and exit signals to maximize returns.
Delta Air Risk Indicators
The analysis of Delta Air'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 Delta Air's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting delta 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 | 1.27 | |||
| Semi Deviation | 1.19 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 | |||
| Downside Variance | 2.37 | |||
| Semi Variance | 1.41 | |||
| Expected Short fall | (1.34) |
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 Delta Air
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 Delta Air 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 Delta Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Delta Stock
| 0.78 | ATCOL | Atlas Corp | PairCorr |
| 0.72 | ODFL | Old Dominion Freight Earnings Call This Week | PairCorr |
| 0.8 | RYAAY | Ryanair Holdings PLC Report 27th of May 2024 | PairCorr |
Moving against Delta Stock
| 0.9 | SRFM | Surf Air Mobility | PairCorr |
| 0.87 | AZ | A2Z Smart Technologies | PairCorr |
| 0.85 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.64 | AP | Ampco Pittsburgh | PairCorr |
| 0.59 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air 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 Delta Air - 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 Delta Air Lines to buy it.
The correlation of Delta Air 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 Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines 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 Delta Air 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 Delta Air to cross-verify your projections. Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Delta Stock analysis
When running Delta Air's price analysis, check to measure Delta Air'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 Delta Air is operating at the current time. Most of Delta Air's value examination focuses on studying past and present price action to predict the probability of Delta Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Air's price. Additionally, you may evaluate how the addition of Delta Air to your portfolios can decrease your overall portfolio volatility.
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Is Delta Air'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 Delta Air. If investors know Delta 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 Delta Air 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 1.436 | Dividend Share 0.3 | Earnings Share 7.8 | Revenue Per Share 92.354 | Quarterly Revenue Growth 0.078 |
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air'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 Delta Air's market value can be influenced by many factors that don't directly affect Delta Air'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 Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air'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.