Mogo Stock Forecast - Price Action Indicator
| MOGO Stock | USD 0.97 0.01 1.04% |
Mogo Stock Forecast is based on your current time horizon. Although Mogo's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mogo's systematic risk associated with finding meaningful patterns of Mogo fundamentals over time.
Mogo |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.01) | 0.01 |
| Check Mogo Volatility | Backtest Mogo | Information Ratio |
Mogo Trading Date Momentum
| On November 05 2024 Mogo Inc was traded for 0.97 at the closing time. The top price for the day was 0.98 and the lowest listed price was 0.95 . The trading volume for the day was 29.9 K. The trading history from November 5, 2024 did not cause price change. The trading delta at closing time against the current closing price is 2.06% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Mogo to competition |
Other Forecasting Options for Mogo
For every potential investor in Mogo, whether a beginner or expert, Mogo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mogo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mogo. Basic forecasting techniques help filter out the noise by identifying Mogo's price trends.View Mogo Related Equities
| Risk & Return | Correlation |
Mogo 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 Mogo'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 Mogo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mogo Market Strength Events
Market strength indicators help investors to evaluate how Mogo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mogo shares will generate the highest return on investment. By undertsting and applying Mogo stock market strength indicators, traders can identify Mogo Inc entry and exit signals to maximize returns.
Mogo Risk Indicators
The analysis of Mogo'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 Mogo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mogo 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 | 2.08 | |||
| Standard Deviation | 2.89 | |||
| Variance | 8.37 |
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 Mogo
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 Mogo 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 Mogo will appreciate offsetting losses from the drop in the long position's value.Moving against Mogo Stock
| 0.77 | NN | Nextnav Acquisition Corp Sell-off Trend | PairCorr |
| 0.75 | SQ | Block Inc Sell-off Trend | PairCorr |
| 0.65 | S | SentinelOne | PairCorr |
| 0.65 | JG | Aurora Mobile | PairCorr |
| 0.61 | GB | Global Blue Group | PairCorr |
The ability to find closely correlated positions to Mogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mogo 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 Mogo - 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 Mogo Inc to buy it.
The correlation of Mogo 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 Mogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mogo 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 Mogo 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.Check out Historical Fundamental Analysis of Mogo to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Consumer Finance 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 Mogo. If investors know Mogo 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 Mogo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 1.677 | Quarterly Revenue Growth (0) | Return On Assets (0.09) | Return On Equity (0.20) |
The market value of Mogo Inc is measured differently than its book value, which is the value of Mogo that is recorded on the company's balance sheet. Investors also form their own opinion of Mogo's value that differs from its market value or its book value, called intrinsic value, which is Mogo'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 Mogo's market value can be influenced by many factors that don't directly affect Mogo'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 Mogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mogo'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.