Snap Stock Forecast - Day Median Price
| SNAP Stock | USD 11.11 0.15 1.33% |
Snap Stock Forecast is based on your current time horizon. Although Snap's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Snap's systematic risk associated with finding meaningful patterns of Snap fundamentals over time.
Snap |
Open Interest Against 2024-11-15 Snap Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Snap'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 Snap's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Snap 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 Snap's open interest, investors have to compare it to Snap'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 Snap 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 Snap. 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 Day Median Price | Day Median Price | Trend |
| 11.57 | 11.23 |
| Check Snap Volatility | Backtest Snap | Information Ratio |
Snap Trading Date Momentum
| On November 13 2024 Snap Inc was traded for 11.11 at the closing time. The top price for the day was 11.39 and the lowest listed price was 11.07 . The trading volume for the day was 20.6 M. The trading history from November 13, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 1.53% . |
The median price is the midpoint of the trading periods range.
| Compare Snap to competition |
Other Forecasting Options for Snap
For every potential investor in Snap, whether a beginner or expert, Snap's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Snap Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Snap. Basic forecasting techniques help filter out the noise by identifying Snap's price trends.Snap 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 Snap stock to make a market-neutral strategy. Peer analysis of Snap could also be used in its relative valuation, which is a method of valuing Snap by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snap Inc 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 Snap'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 Snap's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Snap Market Strength Events
Market strength indicators help investors to evaluate how Snap stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snap shares will generate the highest return on investment. By undertsting and applying Snap stock market strength indicators, traders can identify Snap Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 578123.0 | |||
| Daily Balance Of Power | (0.47) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 11.23 | |||
| Day Typical Price | 11.19 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.15) | |||
| Relative Strength Index | 56.64 |
Snap Risk Indicators
The analysis of Snap'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 Snap's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snap 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 | 2.25 | |||
| Semi Deviation | 2.31 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.06 | |||
| Downside Variance | 6.71 | |||
| Semi Variance | 5.33 | |||
| Expected Short fall | (2.48) |
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.
Pair Trading with Snap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snap will appreciate offsetting losses from the drop in the long position's value.Moving together with Snap Stock
Moving against Snap Stock
| 0.72 | TC | TuanChe ADR Earnings Call This Week | PairCorr |
| 0.71 | EVER | EverQuote Class A | PairCorr |
| 0.39 | OB | Outbrain | PairCorr |
| 0.32 | SLE | Super League Enterprise | PairCorr |
| 0.31 | DOYU | DouYu International | PairCorr |
The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snap Inc to buy it.
The correlation of Snap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Snap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Snap Stock Analysis
When running Snap's price analysis, check to measure Snap'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 Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.