Alteryx’s Stock To Continue Rally?

2021/03/19 BRAZIL: The Alteryx logo is seen on a smartphone… [+] screen in this photo illustration. (Image courtesy of Rafael Henrique/SOPA Images/LightRocket/Getty Images)
Getty Images/SOPA Images/LightRocket
Alteryx (NYSE: AYX), a software firm that creates data science and analytics tools, has had its stock rise 4.5 percent in the previous five trading days as the surge continues following the company’s Q1 2021 earnings. The broader S&P500 index, on the other hand, has gained 1.8 percent in the last five trading days. Will the company’s increasing trend continue in the next weeks, or will the stock begin to fall? After a 4.5 percent gain in a week, the Trefis Machine Learning Engine, which finds trends in a company’s stock price using many years of historical stock data, AYX’s stock returns average roughly 2.6 percent in the next one-month (twenty-one trading days) period (five trading days). But how do these figures vary if you choose to hold AYX stock for a shorter or longer period of time? On the Trefis Machine Learning Engine, you may test the response and many other combinations to see if Alteryx stock would rise following a decline. You can evaluate the likelihood of recovery across time intervals of a quarter, month, or even a single day! TRY THE MACHINE LEARNING ENGINE FOR YOURSELF: AYX stock moved -5 percent over 5 trading days, then moved an average of 7.9 percent over the next 21 trading days, with a 66 percent chance of a positive return.

Trefis Average Return

Making Sense of Alteryx Stock Movements, FAQs, and Some Fun Scenarios
Question 1: Is Alteryx stock’s average return higher following a drop?
Case 1: The stock of Alteryx falls by 5% or more in a week.
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Case 2: Alteryx’s stock rises by at least 5% in a week.
Is the average return on Alteryx stock after Case 1 or Case 2 higher in the following month?
After Case 1 (where the stock has just suffered a 5% loss over the previous week), AYX stock performs better, with an average return of 7.9% over the next month (21 trading days) vs an average return of 2.6 percent for Case 2 (where the stock has just suffered a 5% loss over the previous week).
In example, the S&P 500 has an average return of 3.1 percent in Case 1 and barely 0.5 percent in Case 2 over the next 21 trading days, according to our dashboard, which shows the average return for the S&P 500 after a decline or rise.
Try out the Trefis machine learning engine above to discover how Alteryx stock is anticipated to react following a given gain or loss over time.
Question 2: Does it pay to be patient?
Answer: If you buy and retain Alteryx stock, you may anticipate near-term swings to fade away over time, and a long-term favorable trend to favor you – at least if the company is otherwise healthy.
Overall, facts and Trefis’ machine learning engine estimates show that patience pays off in most stocks!
The following table shows the returns for AYX stock over the next N days after a -5 percent shift over the previous 5 trading days, as well as the returns for the S&P500:

Trefis Average Return
You can use the engine to view how Alteryx’s table looks following a higher loss in the previous week, month, or quarter.
Question 3: If you wait a bit following a climb, what is the average return?
Answer: As mentioned in the preceding question, the average return after a rise is lower than after a decrease. Surprisingly, most equities would be better avoided as short-term investments if they had gained in the previous few days.
The table below shows AYX’s returns over the next N days after a 5% shift over the previous 5 trading days, as well as the S&P500’s returns:

Trefis Average Return
By adjusting the variables in the charts above, you can test the trend for Alteryx stock for yourself.
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