Credo Technology Stock Forecast - Simple Regression
Credo Stock Forecast is based on your current time horizon.
Predictive Modules for Credo Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Credo Technology. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credo Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Credo Technology 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 Credo Technology stock to make a market-neutral strategy. Peer analysis of Credo Technology could also be used in its relative valuation, which is a method of valuing Credo Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Credo Technology Risk Indicators
The analysis of Credo Technology'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 Credo Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting credo 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 | 2.94 | |||
| Semi Deviation | 1.74 | |||
| Standard Deviation | 3.81 | |||
| Variance | 14.53 | |||
| Downside Variance | 7.05 | |||
| Semi Variance | 3.01 | |||
| Expected Short fall | (3.62) |
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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Tools for Credo Stock
When running Credo Technology's price analysis, check to measure Credo Technology'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 Credo Technology is operating at the current time. Most of Credo Technology's value examination focuses on studying past and present price action to predict the probability of Credo Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credo Technology's price. Additionally, you may evaluate how the addition of Credo Technology to your portfolios can decrease your overall portfolio volatility.
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