Credo Technology Stock Forward View
| CRDO Stock | USD 98.06 1.11 1.14% |
Credo Stock outlook is based on your current time horizon.
As of today the relative strength index (rsi) of Credo Technology's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Credo Technology hype-based prediction, you can estimate the value of Credo Technology Group from the perspective of Credo Technology response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Credo Technology Group on the next trading day is expected to be 68.37 with a mean absolute deviation of 8.61 and the sum of the absolute errors of 525.07. Credo Technology after-hype prediction price | USD 98.76 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Credo Technology to cross-verify your projections. Credo Technology Additional Predictive Modules
Most predictive techniques to examine Credo price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Credo using various technical indicators. When you analyze Credo charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Credo Technology Naive Prediction Price Forecast For the 6th of February
Given 90 days horizon, the Naive Prediction forecasted value of Credo Technology Group on the next trading day is expected to be 68.37 with a mean absolute deviation of 8.61, mean absolute percentage error of 121.73, and the sum of the absolute errors of 525.07.Please note that although there have been many attempts to predict Credo Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Credo Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Credo Technology Stock Forecast Pattern
| Backtest Credo Technology | Credo Technology Price Prediction | Research Analysis |
Credo Technology Forecasted Value
In the context of forecasting Credo Technology's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Credo Technology's downside and upside margins for the forecasting period are 63.53 and 73.20, respectively. We have considered Credo Technology's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Credo Technology stock data series using in forecasting. Note that when a statistical model is used to represent Credo Technology stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 122.9123 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 8.6077 |
| MAPE | Mean absolute percentage error | 0.0577 |
| SAE | Sum of the absolute errors | 525.0673 |
Predictive Modules for Credo Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Credo Technology. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credo Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Credo Technology After-Hype Price Density Analysis
As far as predicting the price of Credo Technology at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Credo Technology or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Credo Technology, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Credo Technology Estimiated After-Hype Price Volatility
In the context of predicting Credo Technology's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Credo Technology's historical news coverage. Credo Technology's after-hype downside and upside margins for the prediction period are 93.89 and 103.63, respectively. We have considered Credo Technology's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Credo Technology is very steady at this time. Analysis and calculation of next after-hype price of Credo Technology is based on 3 months time horizon.
Credo Technology Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Credo Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Credo Technology backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Credo Technology, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.72 | 4.84 | 0.00 | 0.03 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
98.06 | 98.76 | 2.09 |
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Credo Technology Hype Timeline
Credo Technology is currently traded for 98.06. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.03. Credo is forecasted to decline in value after the next headline, with the price expected to drop to 98.76. The average volatility of media hype impact on the company price is insignificant. The price decrease on the next news is expected to be -2.09%, whereas the daily expected return is currently at -0.72%. The volatility of related hype on Credo Technology is about 13081.08%, with the expected price after the next announcement by competition of 98.09. About 76.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.9. Credo Technology had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Credo Technology to cross-verify your projections.Credo Technology Related Hype Analysis
Having access to credible news sources related to Credo Technology's direct competition is more important than ever and may enhance your ability to predict Credo Technology's future price movements. Getting to know how Credo Technology's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Credo Technology may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HPE | Hewlett Packard Enterprise | 0.00 | 0 per month | 0.00 | (0.03) | 2.85 | (4.17) | 9.60 | |
| CIEN | Ciena Corp | 0.00 | 0 per month | 4.40 | 0.1 | 9.22 | (7.31) | 23.22 | |
| ERIC | Telefonaktiebolaget LM Ericsson | 0.00 | 0 per month | 1.17 | 0.09 | 2.40 | (1.65) | 10.94 | |
| ALAB | Astera Labs | 0.00 | 0 per month | 0.00 | (0.03) | 6.69 | (8.44) | 23.31 | |
| PSTG | Pure Storage | 0.00 | 0 per month | 0.00 | (0.09) | 4.87 | (5.74) | 34.28 | |
| FIS | Fidelity National Information | 0.00 | 0 per month | 0.00 | (0.23) | 1.69 | (3.05) | 11.88 | |
| KEYS | Keysight Technologies | 0.00 | 0 per month | 1.38 | 0.16 | 2.59 | (2.66) | 13.11 | |
| NOK | Nokia Corp ADR | 0.00 | 0 per month | 2.72 | (0) | 3.59 | (3.43) | 12.63 | |
| SNDK | Sandisk Corp | 0.00 | 0 per month | 6.29 | 0.22 | 13.33 | (13.96) | 43.52 | |
| SMCI | Super Micro Computer | 0.37 | 9 per month | 0.00 | (0.19) | 5.77 | (6.60) | 14.71 |
Other Forecasting Options for Credo Technology
For every potential investor in Credo, whether a beginner or expert, Credo Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Credo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Credo. Basic forecasting techniques help filter out the noise by identifying Credo Technology's price trends.Credo Technology 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 Credo Technology stock to make a market-neutral strategy. Peer analysis of Credo Technology could also be used in its relative valuation, which is a method of valuing Credo Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Credo Technology Market Strength Events
Market strength indicators help investors to evaluate how Credo Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Credo Technology shares will generate the highest return on investment. By undertsting and applying Credo Technology stock market strength indicators, traders can identify Credo Technology Group entry and exit signals to maximize returns.
| Accumulation Distribution | 614609.0 | |||
| Daily Balance Of Power | 0.1455 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 98.01 | |||
| Day Typical Price | 98.02 | |||
| Price Action Indicator | 0.61 | |||
| Period Momentum Indicator | 1.11 |
Credo Technology Risk Indicators
The analysis of Credo Technology'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 Credo Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting credo 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 | 3.63 | |||
| Standard Deviation | 4.84 | |||
| Variance | 23.41 |
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.
Story Coverage note for Credo Technology
The number of cover stories for Credo Technology depends on current market conditions and Credo Technology's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Credo Technology is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Credo Technology's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Credo Technology Short Properties
Credo Technology's future price predictability will typically decrease when Credo Technology's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Credo Technology Group often depends not only on the future outlook of the potential Credo Technology's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Credo Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 181.2 M | |
| Cash And Short Term Investments | 431.3 M |
Check out Historical Fundamental Analysis of Credo Technology to cross-verify your projections. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Will Semiconductors & Semiconductor Equipment sector continue expanding? Could Credo diversify its offerings? Factors like these will boost the valuation of Credo Technology. Projected growth potential of Credo fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Credo Technology data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Understanding Credo Technology requires distinguishing between market price and book value, where the latter reflects Credo's accounting equity. The concept of intrinsic value - what Credo Technology's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Credo Technology's price substantially above or below its fundamental value.
It's important to distinguish between Credo Technology's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Credo Technology should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Credo Technology's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.