EZGO Technologies Stock Forecast - Accumulation Distribution

EZGO Stock  USD 0.68  0.03  4.23%   
EZGO Stock Forecast is based on your current time horizon. Although EZGO Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of EZGO Technologies' systematic risk associated with finding meaningful patterns of EZGO Technologies fundamentals over time.
  
As of the 23rd of December 2024, Payables Turnover is likely to grow to 14.57, while Inventory Turnover is likely to drop 0.83. . As of the 23rd of December 2024, Common Stock Shares Outstanding is likely to drop to about 980.7 K. In addition to that, Net Loss is likely to grow to about (2.5 M).
On October 7, 2024 EZGO Technologies had Accumulation Distribution of 4431.5. The accumulation distribution (A/D) indicator shows the degree to which EZGO Technologies is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of EZGO Technologies to determine if accumulation or reduction is taking place in the market. This value is adjusted by EZGO Technologies trading volume to give more weight to distributions with higher volume over lower volume.
Check EZGO Technologies VolatilityBacktest EZGO TechnologiesTrend Details  

EZGO Technologies Trading Date Momentum

On October 08 2024 EZGO Technologies was traded for  1.32  at the closing time. The top price for the day was 1.34  and the lowest listed price was  1.27 . The trading volume for the day was 14.6 K. The trading history from October 8, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.22% . The overall trading delta against the current closing price is 5.19% .
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare EZGO Technologies to competition

Other Forecasting Options for EZGO Technologies

For every potential investor in EZGO, whether a beginner or expert, EZGO Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EZGO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EZGO. Basic forecasting techniques help filter out the noise by identifying EZGO Technologies' price trends.

EZGO Technologies 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 EZGO Technologies stock to make a market-neutral strategy. Peer analysis of EZGO Technologies could also be used in its relative valuation, which is a method of valuing EZGO Technologies by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

EZGO Technologies 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 EZGO Technologies' 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 EZGO Technologies' current price.

EZGO Technologies Market Strength Events

Market strength indicators help investors to evaluate how EZGO Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EZGO Technologies shares will generate the highest return on investment. By undertsting and applying EZGO Technologies stock market strength indicators, traders can identify EZGO Technologies entry and exit signals to maximize returns.

EZGO Technologies Risk Indicators

The analysis of EZGO Technologies' 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 EZGO Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ezgo 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.
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 EZGO Technologies

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 EZGO Technologies 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with EZGO Stock

  0.65BC Brunswick Sell-off TrendPairCorr

Moving against EZGO Stock

  0.85AS Amer Sports,PairCorr
  0.83RL Ralph Lauren CorpPairCorr
  0.81HBI HanesbrandsPairCorr
  0.74VUZI Vuzix Corp Cmn TrendingPairCorr
  0.67ESCA Escalade IncorporatedPairCorr
The ability to find closely correlated positions to EZGO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZGO Technologies 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 EZGO Technologies - 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 EZGO Technologies to buy it.
The correlation of EZGO Technologies 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO Technologies 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 EZGO Technologies 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.
Pair CorrelationCorrelation Matching
When determining whether EZGO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EZGO Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ezgo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ezgo Technologies Stock:
Check out Historical Fundamental Analysis of EZGO Technologies to cross-verify your projections.
To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Apparel, Accessories & Luxury Goods space 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 EZGO Technologies. If investors know EZGO 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 EZGO Technologies 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
0.771
Earnings Share
(63.06)
Revenue Per Share
9.401
Quarterly Revenue Growth
0.661
Return On Assets
(0.05)
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' 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.