Progress Software Stock Forecast - Day Typical Price
| PRGS Stock | USD 50.51 0.07 0.14% |
Progress Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Progress Software stock prices and determine the direction of Progress Software's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Progress Software's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Progress Software's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Progress Software's systematic risk associated with finding meaningful patterns of Progress Software fundamentals over time.
Check out Historical Fundamental Analysis of Progress Software to cross-verify your projections. Progress |
Open Interest Against 2024-05-17 Progress Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Progress Software's 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 Progress Software's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Progress Software 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 Progress Software's open interest, investors have to compare it to Progress Software's 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 Progress Software 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 Progress. 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.
Most investors in Progress Software cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Progress Software's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Progress Software's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 50.47 | 50.47 |
| Check Progress Software Volatility | Backtest Progress Software | Information Ratio |
Progress Software Trading Date Momentum
| On May 04 2024 Progress Software was traded for 50.51 at the closing time. The top price for the day was 50.73 and the lowest listed price was 50.18 . There was no trading activity during the period 0.0. Lack of trading volume on May 4, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.44% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Progress Software to competition |
Other Forecasting Options for Progress Software
For every potential investor in Progress, whether a beginner or expert, Progress Software's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Progress Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Progress. Basic forecasting techniques help filter out the noise by identifying Progress Software's price trends.Progress Software 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 Progress Software stock to make a market-neutral strategy. Peer analysis of Progress Software could also be used in its relative valuation, which is a method of valuing Progress Software by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Progress Software 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 Progress Software'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 Progress Software's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Progress Software Market Strength Events
Market strength indicators help investors to evaluate how Progress Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Progress Software shares will generate the highest return on investment. By undertsting and applying Progress Software stock market strength indicators, traders can identify Progress Software entry and exit signals to maximize returns.
Progress Software Risk Indicators
The analysis of Progress Software'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 Progress Software's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting progress 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 | 0.9307 | |||
| Standard Deviation | 1.27 | |||
| Variance | 1.61 |
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.
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Check out Historical Fundamental Analysis of Progress Software to cross-verify your projections. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.Note that the Progress Software information on this page should be used as a complementary analysis to other Progress Software's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Progress Stock analysis
When running Progress Software's price analysis, check to measure Progress Software's 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 Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.
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Is Progress Software's industry 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 Progress Software. If investors know Progress 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 Progress Software 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 (0.04) | Dividend Share 0.7 | Earnings Share 1.55 | Revenue Per Share 16.404 | Quarterly Revenue Growth 0.125 |
The market value of Progress Software is measured differently than its book value, which is the value of Progress that is recorded on the company's balance sheet. Investors also form their own opinion of Progress Software's value that differs from its market value or its book value, called intrinsic value, which is Progress Software'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 Progress Software's market value can be influenced by many factors that don't directly affect Progress Software'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 Progress Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progress Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progress Software'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.