FARO Technologies Stock Forecast - Daily Balance Of Power
| FARO Stock | USD 27.20 0.11 0.40% |
FARO Stock Forecast is based on your current time horizon. Although FARO Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of FARO Technologies' systematic risk associated with finding meaningful patterns of FARO Technologies fundamentals over time.
FARO |
Open Interest Against 2024-12-20 FARO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast FARO Technologies' 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 FARO Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for FARO Technologies 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 FARO Technologies' open interest, investors have to compare it to FARO Technologies' 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 FARO Technologies 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 FARO. 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 |
| 0.4419 | (0.69) |
| Check FARO Technologies Volatility | Backtest FARO Technologies | Trend Details |
FARO Technologies Trading Date Momentum
| On October 04 2024 FARO Technologies was traded for 17.95 at the closing time. The top price for the day was 18.16 and the lowest listed price was 17.73 . The trading volume for the day was 121.1 K. The trading history from October 4, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.90% . The overall trading delta against the current closing price is 2.14% . |
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 FARO Technologies to competition |
Other Forecasting Options for FARO Technologies
For every potential investor in FARO, whether a beginner or expert, FARO Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FARO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FARO. Basic forecasting techniques help filter out the noise by identifying FARO Technologies' price trends.FARO Technologies 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 FARO Technologies stock to make a market-neutral strategy. Peer analysis of FARO Technologies could also be used in its relative valuation, which is a method of valuing FARO Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FARO Technologies 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 FARO Technologies' 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 FARO Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
FARO Technologies Market Strength Events
Market strength indicators help investors to evaluate how FARO Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FARO Technologies shares will generate the highest return on investment. By undertsting and applying FARO Technologies stock market strength indicators, traders can identify FARO Technologies 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 | 27.2 | |||
| Day Typical Price | 27.2 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | (0.11) |
FARO Technologies Risk Indicators
The analysis of FARO Technologies' 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 FARO Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting faro 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 | 2.16 | |||
| Semi Deviation | 1.32 | |||
| Standard Deviation | 4.88 | |||
| Variance | 23.78 | |||
| Downside Variance | 3.78 | |||
| Semi Variance | 1.73 | |||
| Expected Short fall | (2.67) |
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 FARO Technologies
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 FARO Technologies 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 FARO Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with FARO Stock
Moving against FARO Stock
| 0.83 | ST | Sensata Technologies | PairCorr |
| 0.72 | WATT | Energous | PairCorr |
| 0.69 | SVREW | SaverOne 2014 | PairCorr |
| 0.62 | VPG | Vishay Precision | PairCorr |
| 0.4 | LUNA | Luna Innovations | PairCorr |
The ability to find closely correlated positions to FARO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARO Technologies 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 FARO Technologies - 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 FARO Technologies to buy it.
The correlation of FARO Technologies 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 FARO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FARO Technologies 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 FARO Technologies 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 FARO Technologies to cross-verify your projections. To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Electronic Equipment, Instruments & Components 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 FARO Technologies. If investors know FARO 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 FARO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 18.152 | Quarterly Revenue Growth (0.05) | Return On Assets 0.013 | Return On Equity (0.03) |
The market value of FARO Technologies is measured differently than its book value, which is the value of FARO that is recorded on the company's balance sheet. Investors also form their own opinion of FARO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FARO Technologies' 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 FARO Technologies' market value can be influenced by many factors that don't directly affect FARO Technologies' 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 FARO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FARO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FARO Technologies' 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.