Thoughtworks Holding Stock Forecast - Relative Strength Index
| TWKS Stock | USD 2.32 0.04 1.69% |
Thoughtworks Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Thoughtworks Holding stock prices and determine the direction of Thoughtworks Holding's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Thoughtworks Holding's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Thoughtworks Holding's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Thoughtworks Holding's systematic risk associated with finding meaningful patterns of Thoughtworks Holding fundamentals over time.
Check out Historical Fundamental Analysis of Thoughtworks Holding to cross-verify your projections. Thoughtworks |
Open Interest Against 2024-05-17 Thoughtworks Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Thoughtworks Holding'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 Thoughtworks Holding's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Thoughtworks Holding 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 Thoughtworks Holding's open interest, investors have to compare it to Thoughtworks Holding'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 Thoughtworks Holding 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 Thoughtworks. 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 Thoughtworks Holding 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 Thoughtworks Holding's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Thoughtworks Holding's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Thoughtworks Holding Volatility | Backtest Thoughtworks Holding | Information Ratio |
Thoughtworks Holding Trading Date Momentum
| On April 30 2024 Thoughtworks Holding was traded for 2.32 at the closing time. The top price for the day was 2.41 and the lowest listed price was 2.32 . The trading volume for the day was 433.2 K. The trading history from April 30, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.86% . |
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Other Forecasting Options for Thoughtworks Holding
For every potential investor in Thoughtworks, whether a beginner or expert, Thoughtworks Holding's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thoughtworks Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thoughtworks. Basic forecasting techniques help filter out the noise by identifying Thoughtworks Holding's price trends.Thoughtworks Holding 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 Thoughtworks Holding stock to make a market-neutral strategy. Peer analysis of Thoughtworks Holding could also be used in its relative valuation, which is a method of valuing Thoughtworks Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Thoughtworks Holding 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 Thoughtworks Holding'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 Thoughtworks Holding's current price.| Cycle Indicators | ||
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Thoughtworks Holding Market Strength Events
Market strength indicators help investors to evaluate how Thoughtworks Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thoughtworks Holding shares will generate the highest return on investment. By undertsting and applying Thoughtworks Holding stock market strength indicators, traders can identify Thoughtworks Holding entry and exit signals to maximize returns.
Thoughtworks Holding Risk Indicators
The analysis of Thoughtworks Holding'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 Thoughtworks Holding's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thoughtworks 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 | 2.76 | |||
| Standard Deviation | 4.61 | |||
| Variance | 21.21 |
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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When determining whether Thoughtworks Holding is a strong investment it is important to analyze Thoughtworks Holding's 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 Thoughtworks Holding's future performance. For an informed investment choice regarding Thoughtworks Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Thoughtworks Holding to cross-verify your projections. For more information on how to buy Thoughtworks Stock please use our How to Invest in Thoughtworks Holding guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Thoughtworks Stock analysis
When running Thoughtworks Holding's price analysis, check to measure Thoughtworks Holding'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 Thoughtworks Holding is operating at the current time. Most of Thoughtworks Holding's value examination focuses on studying past and present price action to predict the probability of Thoughtworks Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thoughtworks Holding's price. Additionally, you may evaluate how the addition of Thoughtworks Holding to your portfolios can decrease your overall portfolio volatility.
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Is Thoughtworks Holding'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 Thoughtworks Holding. If investors know Thoughtworks 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 Thoughtworks Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Revenue Per Share 3.547 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0015 | Return On Equity (0.09) |
The market value of Thoughtworks Holding is measured differently than its book value, which is the value of Thoughtworks that is recorded on the company's balance sheet. Investors also form their own opinion of Thoughtworks Holding's value that differs from its market value or its book value, called intrinsic value, which is Thoughtworks Holding'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 Thoughtworks Holding's market value can be influenced by many factors that don't directly affect Thoughtworks Holding'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 Thoughtworks Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thoughtworks Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thoughtworks Holding'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.