Extreme Networks Stock Forecast - Daily Balance Of Power
| EXTR Stock | USD 17.54 0.04 0.23% |
Extreme Stock Forecast is based on your current time horizon. Although Extreme Networks' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Extreme Networks' systematic risk associated with finding meaningful patterns of Extreme Networks fundamentals over time.
Extreme |
Open Interest Against 2024-12-20 Extreme Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Extreme Networks' 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 Extreme Networks' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Extreme Networks 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 Extreme Networks' open interest, investors have to compare it to Extreme Networks' 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 Extreme Networks 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 Extreme. 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.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.6522 | 0.35 |
| Check Extreme Networks Volatility | Backtest Extreme Networks | Trend Details |
Extreme Networks Trading Date Momentum
| On July 01 2024 Extreme Networks was traded for 13.13 at the closing time. The top price for the day was 13.57 and the lowest listed price was 12.97 . The trading volume for the day was 2.3 M. The trading history from July 1, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.38% . The overall trading delta against the current closing price is 3.05% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Extreme Networks to competition |
Other Forecasting Options for Extreme Networks
For every potential investor in Extreme, whether a beginner or expert, Extreme Networks' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Extreme Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Extreme. Basic forecasting techniques help filter out the noise by identifying Extreme Networks' price trends.Extreme Networks 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 Extreme Networks stock to make a market-neutral strategy. Peer analysis of Extreme Networks could also be used in its relative valuation, which is a method of valuing Extreme Networks by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Extreme Networks 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 Extreme Networks' 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 Extreme Networks' current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Extreme Networks Market Strength Events
Market strength indicators help investors to evaluate how Extreme Networks stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Extreme Networks shares will generate the highest return on investment. By undertsting and applying Extreme Networks stock market strength indicators, traders can identify Extreme Networks entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17.54 | |||
| Day Typical Price | 17.54 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 64.38 |
Extreme Networks Risk Indicators
The analysis of Extreme Networks' 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 Extreme Networks' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting extreme 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 | 1.87 | |||
| Semi Deviation | 1.66 | |||
| Standard Deviation | 2.74 | |||
| Variance | 7.5 | |||
| Downside Variance | 3.94 | |||
| Semi Variance | 2.77 | |||
| Expected Short fall | (2.19) |
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 Extreme Networks
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 Extreme Networks 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 Extreme Networks will appreciate offsetting losses from the drop in the long position's value.Moving together with Extreme Stock
| 0.74 | HPE | Hewlett Packard Ente Downward Rally | PairCorr |
Moving against Extreme Stock
| 0.62 | DM | Desktop Metal | PairCorr |
| 0.53 | JNPR | Juniper Networks | PairCorr |
| 0.36 | STX | Seagate Technology PLC | PairCorr |
| 0.36 | SMCI | Super Micro Computer | PairCorr |
The ability to find closely correlated positions to Extreme Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extreme Networks 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 Extreme Networks - 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 Extreme Networks to buy it.
The correlation of Extreme Networks 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 Extreme Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extreme Networks 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 Extreme Networks 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 Tools for Extreme Stock Analysis
When running Extreme Networks' price analysis, check to measure Extreme Networks' 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 Extreme Networks is operating at the current time. Most of Extreme Networks' value examination focuses on studying past and present price action to predict the probability of Extreme Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extreme Networks' price. Additionally, you may evaluate how the addition of Extreme Networks to your portfolios can decrease your overall portfolio volatility.