Ciena Corp Stock Forecast - Variance
| CIEN Stock | USD 70.13 1.96 2.88% |
Ciena Stock Forecast is based on your current time horizon. Although Ciena Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ciena Corp's systematic risk associated with finding meaningful patterns of Ciena Corp fundamentals over time.
Ciena |
| Previous Variance | Variance | Trend |
| 0 | 0 |
| Check Ciena Corp Volatility | Backtest Ciena Corp | Information Ratio |
Ciena Corp Trading Date Momentum
| On November 25 2024 Ciena Corp was traded for 70.13 at the closing time. The top price for the day was 70.31 and the lowest listed price was 68.20 . There was no trading activity during the period 0.0. Lack of trading volume on November 25, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.61% . |
| Compare Ciena Corp to competition |
Other Forecasting Options for Ciena Corp
For every potential investor in Ciena, whether a beginner or expert, Ciena Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ciena Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ciena. Basic forecasting techniques help filter out the noise by identifying Ciena Corp's price trends.Ciena Corp 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 Ciena Corp stock to make a market-neutral strategy. Peer analysis of Ciena Corp could also be used in its relative valuation, which is a method of valuing Ciena Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ciena 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 Ciena Corp'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 Ciena Corp's current price.| Cycle Indicators | ||
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| Volume Indicators |
Ciena Corp Market Strength Events
Market strength indicators help investors to evaluate how Ciena Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ciena Corp shares will generate the highest return on investment. By undertsting and applying Ciena Corp stock market strength indicators, traders can identify Ciena Corp entry and exit signals to maximize returns.
Ciena Corp Risk Indicators
The analysis of Ciena Corp'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 Ciena Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ciena 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 | 1.76 | |||
| Semi Deviation | 1.74 | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.26 | |||
| Downside Variance | 4.14 | |||
| Semi Variance | 3.01 | |||
| Expected Short fall | (2.05) |
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 Ciena Corp
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 Ciena Corp 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 Ciena Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Ciena Stock
| 0.93 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Ciena Stock
| 0.79 | ASYS | Amtech Systems Fiscal Year End 12th of December 2024 | PairCorr |
| 0.73 | ICG | Intchains Group | PairCorr |
| 0.62 | ACLS | Axcelis Technologies | PairCorr |
| 0.53 | TER | Teradyne | PairCorr |
| 0.48 | CDW | CDW Corp | PairCorr |
The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp 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 Ciena Corp - 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 Ciena Corp to buy it.
The correlation of Ciena Corp 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 Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp 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 Ciena Corp 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 Ciena Corp to cross-verify your projections. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Communications Equipment 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 Ciena Corp. If investors know Ciena 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 Ciena Corp 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 (0.50) | Earnings Share 0.94 | Revenue Per Share 27.627 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0252 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp'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 Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp'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 Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp'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.