TOP Ships Stock Forecast - Rate Of Daily Change
| TOPS Stock | USD 12.41 0.11 0.89% |
TOP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TOP Ships stock prices and determine the direction of TOP Ships's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TOP Ships' historical fundamentals, such as revenue growth or operating cash flow patterns. Although TOP Ships' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of TOP Ships' systematic risk associated with finding meaningful patterns of TOP Ships fundamentals over time.
Check out Historical Fundamental Analysis of TOP Ships to cross-verify your projections. TOP |
Most investors in TOP Ships 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 TOP Ships' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TOP Ships' price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of TOP Ships.| Check TOP Ships Volatility | Backtest TOP Ships | Information Ratio |
TOP Ships Trading Date Momentum
| On April 28 2024 TOP Ships was traded for 12.41 at the closing time. The top price for the day was 12.55 and the lowest listed price was 12.25 . There was no trading activity during the period 0.0. Lack of trading volume on April 28, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.16% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare TOP Ships to competition |
Other Forecasting Options for TOP Ships
For every potential investor in TOP, whether a beginner or expert, TOP Ships' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TOP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TOP. Basic forecasting techniques help filter out the noise by identifying TOP Ships' price trends.TOP Ships 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 TOP Ships stock to make a market-neutral strategy. Peer analysis of TOP Ships could also be used in its relative valuation, which is a method of valuing TOP Ships by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TOP Ships 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 TOP Ships' 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 TOP Ships' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TOP Ships Market Strength Events
Market strength indicators help investors to evaluate how TOP Ships stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOP Ships shares will generate the highest return on investment. By undertsting and applying TOP Ships stock market strength indicators, traders can identify TOP Ships entry and exit signals to maximize returns.
TOP Ships Risk Indicators
The analysis of TOP Ships' 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 TOP Ships' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting top 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 | 1.49 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TOP Ships in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TOP Ships' short interest history, or implied volatility extrapolated from TOP Ships options trading.
Currently Active Assets on Macroaxis
When determining whether TOP Ships is a strong investment it is important to analyze TOP Ships' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TOP Ships' future performance. For an informed investment choice regarding TOP Stock, refer to the following important reports:Check out Historical Fundamental Analysis of TOP Ships to cross-verify your projections. For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for TOP Stock analysis
When running TOP Ships' price analysis, check to measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.
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Is TOP Ships' 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 TOP Ships. If investors know TOP 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 TOP Ships 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 (0.57) | Earnings Share (12.44) | Revenue Per Share 46.115 | Return On Assets 0.0387 | Return On Equity 0.0319 |
The market value of TOP Ships is measured differently than its book value, which is the value of TOP that is recorded on the company's balance sheet. Investors also form their own opinion of TOP Ships' value that differs from its market value or its book value, called intrinsic value, which is TOP Ships' 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 TOP Ships' market value can be influenced by many factors that don't directly affect TOP Ships' 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 TOP Ships' value and its price as these two are different measures arrived at by different means. Investors typically determine if TOP Ships is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOP Ships' 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.