Redfin Corp Stock Forward View
| RDFNDelisted Stock | USD 11.19 0.18 1.58% |
Redfin Stock outlook is based on your current time horizon.
As of today, The value of RSI of Redfin Corp's share price is at 59 indicating that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Redfin Corp, making its price go up or down. Momentum 59
Buy Extended
Oversold | Overbought |
Using Redfin Corp hype-based prediction, you can estimate the value of Redfin Corp from the perspective of Redfin Corp response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Redfin Corp on the next trading day is expected to be 11.07 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.72. Redfin Corp after-hype prediction price | USD 11.19 |
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Redfin |
Redfin Corp Additional Predictive Modules
Most predictive techniques to examine Redfin price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Redfin using various technical indicators. When you analyze Redfin 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 |
Redfin Corp Naive Prediction Price Forecast For the 24th of February
Given 90 days horizon, the Naive Prediction forecasted value of Redfin Corp on the next trading day is expected to be 11.07 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.1, and the sum of the absolute errors of 15.72.Please note that although there have been many attempts to predict Redfin 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 Redfin Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Redfin Corp Stock Forecast Pattern
| Backtest Redfin Corp | Redfin Corp Price Prediction | Research Analysis |
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 Redfin Corp stock data series using in forecasting. Note that when a statistical model is used to represent Redfin Corp 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 | 115.7943 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2578 |
| MAPE | Mean absolute percentage error | 0.0268 |
| SAE | Sum of the absolute errors | 15.7228 |
Predictive Modules for Redfin Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Redfin Corp. 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.Redfin Corp After-Hype Price Density Analysis
As far as predicting the price of Redfin Corp 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 Redfin Corp 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 Redfin Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Redfin Corp Estimiated After-Hype Price Volatility
In the context of predicting Redfin Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Redfin Corp's historical news coverage. Redfin Corp's after-hype downside and upside margins for the prediction period are 11.19 and 11.19, respectively. We have considered Redfin Corp'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
Redfin Corp is very steady at this time. Analysis and calculation of next after-hype price of Redfin Corp is based on 3 months time horizon.
Redfin Corp Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Redfin Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Redfin Corp 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 Delisted 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 Redfin Corp, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 7 Events / Month | 2 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
11.19 | 11.19 | 0.00 |
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Redfin Corp Hype Timeline
Redfin Corp is at this time traded for 11.19. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Redfin is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.0%. %. The volatility of related hype on Redfin Corp is about 0.0%, with the expected price after the next announcement by competition of 11.19. About 67.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 1.52. Redfin Corp had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in about 7 days. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.Redfin Corp Related Hype Analysis
Having access to credible news sources related to Redfin Corp's direct competition is more important than ever and may enhance your ability to predict Redfin Corp's future price movements. Getting to know how Redfin Corp'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 Redfin Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HOUS | Anywhere Real Estate | 0.38 | 8 per month | 1.49 | 0.22 | 6.95 | (3.45) | 14.45 | |
| PGRU | PropertyGuru Group | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NYMT | New York Mortgage | 0.26 | 7 per month | 1.64 | 0.04 | 2.82 | (2.47) | 8.91 | |
| CLNY | Colony Capital | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| RTL | Pacer Financial | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ELME | Elme Communities | 0.07 | 9 per month | 0.00 | (0.15) | 3.25 | (3.46) | 85.18 | |
| CLNC | BrightSpire Capital | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| QK | Q And K | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AFIN | American Finance Trust | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SCCC | Sachem Capital Corp | (0.50) | 1 per month | 0.00 | 0.03 | 1.03 | (0.35) | 1.73 |
Redfin 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 Redfin Corp stock to make a market-neutral strategy. Peer analysis of Redfin Corp could also be used in its relative valuation, which is a method of valuing Redfin Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Redfin Corp Market Strength Events
Market strength indicators help investors to evaluate how Redfin 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 Redfin Corp shares will generate the highest return on investment. By undertsting and applying Redfin Corp stock market strength indicators, traders can identify Redfin Corp entry and exit signals to maximize returns.
Redfin Corp Risk Indicators
The analysis of Redfin 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 Redfin Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting redfin 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 | 2.72 | |||
| Semi Deviation | 3.52 | |||
| Standard Deviation | 3.64 | |||
| Variance | 13.24 | |||
| Downside Variance | 13.38 | |||
| Semi Variance | 12.38 | |||
| Expected Short fall | (2.90) |
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 Redfin Corp
The number of cover stories for Redfin Corp depends on current market conditions and Redfin Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Redfin Corp 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 Redfin Corp'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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Latest Perspective From Macroaxis
Redfin Corp Short Properties
Redfin Corp's future price predictability will typically decrease when Redfin Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Redfin Corp often depends not only on the future outlook of the potential Redfin Corp'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. Redfin Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 121.7 M | |
| Cash And Short Term Investments | 124.7 M |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Redfin Stock
If you are still planning to invest in Redfin Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Redfin Corp's history and understand the potential risks before investing.
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