Groupon Stock Forecast - Daily Balance Of Power
| GRPN Stock | USD 9.53 0.21 2.25% |
Groupon Stock Forecast is based on your current time horizon. Although Groupon's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Groupon's systematic risk associated with finding meaningful patterns of Groupon fundamentals over time.
Groupon |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.51) | (0.06) |
| Check Groupon Volatility | Backtest Groupon | Trend Details |
Groupon Trading Date Momentum
| On May 08 2024 Groupon was traded for 10.73 at the closing time. The top price for the day was 10.97 and the lowest listed price was 10.55 . The trading volume for the day was 988.1 K. The trading history from May 8, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.92% . The overall trading delta against the current closing price is 20.48% . |
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.
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Other Forecasting Options for Groupon
For every potential investor in Groupon, whether a beginner or expert, Groupon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Groupon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Groupon. Basic forecasting techniques help filter out the noise by identifying Groupon's price trends.View Groupon Related Equities
| Risk & Return | Correlation |
Groupon 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 Groupon'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 Groupon's current price.| Cycle Indicators | ||
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| Volume Indicators |
Groupon Market Strength Events
Market strength indicators help investors to evaluate how Groupon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Groupon shares will generate the highest return on investment. By undertsting and applying Groupon stock market strength indicators, traders can identify Groupon entry and exit signals to maximize returns.
| Accumulation Distribution | 75794.37 | |||
| Daily Balance Of Power | 0.4375 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 9.68 | |||
| Day Typical Price | 9.63 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | 0.21 |
Groupon Risk Indicators
The analysis of Groupon'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 Groupon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting groupon 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 | 3.64 | |||
| Standard Deviation | 5.32 | |||
| Variance | 28.35 |
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 Groupon
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 Groupon 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 Groupon will appreciate offsetting losses from the drop in the long position's value.Moving together with Groupon Stock
Moving against Groupon Stock
| 0.7 | HD | Home Depot | PairCorr |
| 0.59 | JD | JD Inc Adr | PairCorr |
| 0.58 | BQ | Boqii Holding Limited | PairCorr |
| 0.55 | RH | RH | PairCorr |
| 0.55 | VSCO | Victorias Secret | PairCorr |
The ability to find closely correlated positions to Groupon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groupon 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 Groupon - 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 Groupon to buy it.
The correlation of Groupon 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 Groupon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groupon 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 Groupon 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 Groupon to cross-verify your projections. To learn how to invest in Groupon Stock, please use our How to Invest in Groupon guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Broadline Retail 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 Groupon. If investors know Groupon 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 Groupon 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 1.092 | Earnings Share 0.69 | Revenue Per Share 13.442 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0197 |
The market value of Groupon is measured differently than its book value, which is the value of Groupon that is recorded on the company's balance sheet. Investors also form their own opinion of Groupon's value that differs from its market value or its book value, called intrinsic value, which is Groupon'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 Groupon's market value can be influenced by many factors that don't directly affect Groupon'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 Groupon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Groupon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Groupon'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.