Comparative Analysis: AFRM vs PTON - A Deep Dive into Swing Trading Strategies and Industry Performance
In this article, we undertake a comparative analysis of two different trading strategies applied to AFRM and PTON, followed by a performance evaluation of their respective industries: @Packaged Software and @Recreational Products.
To start, let's look at the strategies applied by Swing Traders for each ticker. In the case of AFRM, the Deep Trend Analysis (TA) approach generated a 25.03% gain. On the other hand, the Volatility Balanced Strategy (TA) produced a slightly higher return of 27.28% for PTON. While both strategies produced substantial gains, the latter approach yielded a marginally better outcome.
Moving to the price growth of AFRM and PTON, we observed some interesting differences. AFRM experienced a weekly price change of +5.19%, significantly higher than the average weekly price growth of +2.50% across all stocks in the @Packaged Software industry. The monthly and quarterly growth rates of this industry stood at +7.23% and +21.55% respectively, suggesting a consistent upward trend.
In contrast, PTON recorded a whopping weekly price change of +19.63%, far surpassing the @Recreational Products industry's average weekly growth rate of +1.02%. The industry's monthly and quarterly growth rates were +7.76% and +11.50%, respectively, indicating a more fluctuating pattern.
In terms of earnings, AFRM is expected to report its results on Sep 07, 2023, while PTON is slated to announce its earnings earlier on Aug 24, 2023. The timing and outcomes of these earnings reports may have a substantial impact on the future price movements of these stocks.
Concluding with a brief description of the industries, the @Packaged Software industry, where AFRM operates, recorded a decent weekly growth of +2.50%. In comparison, the @Recreational Products industry, where PTON operates, observed a slower weekly growth rate of +1.02%. It's pertinent to understand that industry trends can play a critical role in shaping a company's stock performance.
AFRM and PTON have demonstrated impressive gains through their respective swing trading strategies. However, the stronger price growth of PTON, as well as its industry's high volatility, could make it a more lucrative choice for swing traders.
Be on the lookout for a price bounce soon.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry PackagedSoftware