Axon Enterprise Stock Forecast - Market Facilitation Index
| AXON Stock | USD 395.34 2.09 0.53% |
Axon Stock Forecast is based on your current time horizon. Although Axon Enterprise's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Axon Enterprise's systematic risk associated with finding meaningful patterns of Axon Enterprise fundamentals over time.
Axon |
Open Interest Against 2024-10-18 Axon Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Axon Enterprise'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 Axon Enterprise's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Axon Enterprise 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 Axon Enterprise's open interest, investors have to compare it to Axon Enterprise'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 Axon Enterprise 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 Axon. 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.
| Check Axon Enterprise Volatility | Backtest Axon Enterprise | Information Ratio |
Axon Enterprise Trading Date Momentum
| On September 27 2024 Axon Enterprise was traded for 395.34 at the closing time. The top price for the day was 395.59 and the lowest listed price was 388.37 . The trading volume for the day was 398.8 K. The trading history from September 27, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.53% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Axon Enterprise to competition |
Other Forecasting Options for Axon Enterprise
For every potential investor in Axon, whether a beginner or expert, Axon Enterprise's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Axon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Axon. Basic forecasting techniques help filter out the noise by identifying Axon Enterprise's price trends.Axon Enterprise 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 Axon Enterprise stock to make a market-neutral strategy. Peer analysis of Axon Enterprise could also be used in its relative valuation, which is a method of valuing Axon Enterprise by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Axon Enterprise 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 Axon Enterprise'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 Axon Enterprise's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Axon Enterprise Market Strength Events
Market strength indicators help investors to evaluate how Axon Enterprise stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Axon Enterprise shares will generate the highest return on investment. By undertsting and applying Axon Enterprise stock market strength indicators, traders can identify Axon Enterprise entry and exit signals to maximize returns.
| Accumulation Distribution | 7278.48 | |||
| Daily Balance Of Power | 0.2895 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 391.98 | |||
| Day Typical Price | 393.1 | |||
| Price Action Indicator | 4.4 | |||
| Period Momentum Indicator | 2.09 |
Axon Enterprise Risk Indicators
The analysis of Axon Enterprise'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 Axon Enterprise's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting axon 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 | 1.61 | |||
| Semi Deviation | 1.07 | |||
| Standard Deviation | 2.9 | |||
| Variance | 8.39 | |||
| Downside Variance | 2.11 | |||
| Semi Variance | 1.15 | |||
| Expected Short fall | (2.08) |
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 Axon Enterprise
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 Axon Enterprise 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 Axon Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving together with Axon Stock
Moving against Axon Stock
| 0.86 | DPRO | Draganfly | PairCorr |
| 0.76 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.75 | VTSI | VirTra Inc | PairCorr |
| 0.71 | SATLW | Satellogic Warrant | PairCorr |
| 0.66 | EVEX | Eve Holding | PairCorr |
The ability to find closely correlated positions to Axon Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axon Enterprise 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 Axon Enterprise - 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 Axon Enterprise to buy it.
The correlation of Axon Enterprise 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 Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise 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 Axon Enterprise 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.Additional Information and Resources on Investing in Axon Stock
When determining whether Axon Enterprise offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axon Enterprise'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 Axon Enterprise Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axon Enterprise Stock:Check out Historical Fundamental Analysis of Axon Enterprise to cross-verify your projections. To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Aerospace & Defense 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 Axon Enterprise. If investors know Axon 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 Axon Enterprise 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 2.313 | Earnings Share 3.79 | Revenue Per Share 24.079 | Quarterly Revenue Growth 0.346 | Return On Assets 0.0282 |
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise'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 Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise'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 Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise'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.