Relay Therapeutics Stock Forecast - Period Momentum Indicator
| RLAY Stock | USD 7.50 0.36 4.58% |
Relay Stock Forecast is based on your current time horizon.
Relay |
Open Interest Against 2024-10-18 Relay Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Relay Therapeutics' 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 Relay Therapeutics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Relay Therapeutics 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 Relay Therapeutics' open interest, investors have to compare it to Relay Therapeutics' 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 Relay Therapeutics 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 Relay. 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.
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.29) | (0.36) |
| Check Relay Therapeutics Volatility | Backtest Relay Therapeutics | Information Ratio |
Relay Therapeutics Trading Date Momentum
| On September 22 2024 Relay Therapeutics was traded for 7.50 at the closing time. The top price for the day was 7.86 and the lowest listed price was 7.32 . There was no trading activity during the period 0.0. Lack of trading volume on September 22, 2024 did not cause price change. The trading delta at closing time against the current closing price is 3.87% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Relay Therapeutics
For every potential investor in Relay, whether a beginner or expert, Relay Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Relay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Relay. Basic forecasting techniques help filter out the noise by identifying Relay Therapeutics' price trends.Relay Therapeutics 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 Relay Therapeutics stock to make a market-neutral strategy. Peer analysis of Relay Therapeutics could also be used in its relative valuation, which is a method of valuing Relay Therapeutics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Relay Therapeutics 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 Relay Therapeutics' 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 Relay Therapeutics' current price.| Cycle Indicators | ||
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| Volume Indicators |
Relay Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Relay Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Relay Therapeutics shares will generate the highest return on investment. By undertsting and applying Relay Therapeutics stock market strength indicators, traders can identify Relay Therapeutics entry and exit signals to maximize returns.
Relay Therapeutics Risk Indicators
The analysis of Relay Therapeutics' 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 Relay Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting relay 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 | 4.19 | |||
| Semi Deviation | 4.48 | |||
| Standard Deviation | 7.94 | |||
| Variance | 63.07 | |||
| Downside Variance | 21.64 | |||
| Semi Variance | 20.07 | |||
| Expected Short fall | (4.97) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Relay Stock Analysis
When running Relay Therapeutics' price analysis, check to measure Relay Therapeutics' 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 Relay Therapeutics is operating at the current time. Most of Relay Therapeutics' value examination focuses on studying past and present price action to predict the probability of Relay Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Relay Therapeutics' price. Additionally, you may evaluate how the addition of Relay Therapeutics to your portfolios can decrease your overall portfolio volatility.