QXO, Stock Forecast - Information Ratio
| QXO Stock | 15.99 0.41 2.50% |
QXO, Stock Forecast is based on your current time horizon. Although QXO,'s naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of QXO,'s systematic risk associated with finding meaningful patterns of QXO, fundamentals over time.
QXO, |
| Check QXO, Volatility | Backtest QXO, | Trend Details |
QXO, Trading Date Momentum
| On November 18 2024 QXO, Inc was traded for 15.50 at the closing time. Highest QXO,'s price during the trading hours was 17.81 and the lowest price during the day was 15.04 . The net volume was 8.2 M. The overall trading history on the 18th of November 2024 contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.65% . The trading delta at closing time to current price is 4.87% . |
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Other Forecasting Options for QXO,
For every potential investor in QXO,, whether a beginner or expert, QXO,'s price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. QXO, Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in QXO,. Basic forecasting techniques help filter out the noise by identifying QXO,'s price trends.QXO, 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 QXO, stock to make a market-neutral strategy. Peer analysis of QXO, could also be used in its relative valuation, which is a method of valuing QXO, by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
QXO, Inc 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 QXO,'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 QXO,'s current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
QXO, Market Strength Events
Market strength indicators help investors to evaluate how QXO, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading QXO, shares will generate the highest return on investment. By undertsting and applying QXO, stock market strength indicators, traders can identify QXO, Inc entry and exit signals to maximize returns.
QXO, Risk Indicators
The analysis of QXO,'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 QXO,'s investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting qxo, 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 | 2.12 | |||
| Semi Deviation | 3.35 | |||
| Standard Deviation | 2.91 | |||
| Variance | 8.48 | |||
| Downside Variance | 12.24 | |||
| Semi Variance | 11.24 | |||
| Expected Short fall | (1.88) |
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 QXO,
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 QXO, 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 QXO, will appreciate offsetting losses from the drop in the long position's value.Moving together with QXO, Stock
| 0.65 | U | Unity Software | PairCorr |
| 0.75 | DJCO | Daily Journal Corp | PairCorr |
| 0.81 | AI | C3 Ai Inc | PairCorr |
| 0.72 | AZ | A2Z Smart Technologies | PairCorr |
| 0.74 | BL | Blackline | PairCorr |
The ability to find closely correlated positions to QXO, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QXO, 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 QXO, - 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 QXO, Inc to buy it.
The correlation of QXO, 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 QXO, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QXO, Inc 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 QXO, 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 QXO, to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Systems Software 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 QXO,. If investors know QXO, 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 QXO, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.27) | Revenue Per Share 86.401 | Quarterly Revenue Growth 0.097 | Return On Assets (0) | Return On Equity (0) |
The market value of QXO, Inc is measured differently than its book value, which is the value of QXO, that is recorded on the company's balance sheet. Investors also form their own opinion of QXO,'s value that differs from its market value or its book value, called intrinsic value, which is QXO,'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 QXO,'s market value can be influenced by many factors that don't directly affect QXO,'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 QXO,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if QXO, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QXO,'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.