PennyMac Mortgage Stock Forecast - Period Momentum Indicator
| 8PM Stock | EUR 12.60 0.10 0.80% |
PennyMac Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PennyMac Mortgage stock prices and determine the direction of PennyMac Mortgage Investment's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PennyMac Mortgage's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of PennyMac Mortgage to cross-verify your projections. PennyMac |
Most investors in PennyMac Mortgage cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the PennyMac Mortgage's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PennyMac Mortgage's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check PennyMac Mortgage Volatility | Backtest PennyMac Mortgage | Information Ratio |
PennyMac Mortgage Trading Date Momentum
| On June 04 2024 PennyMac Mortgage Investment was traded for 12.60 at the closing time. The highest daily price throughout the period was 12.60 and the lowest price was 12.60 . The daily volume was 654. The net trading volume on 06/04/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare PennyMac Mortgage to competition |
Other Forecasting Options for PennyMac Mortgage
For every potential investor in PennyMac, whether a beginner or expert, PennyMac Mortgage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennyMac Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennyMac. Basic forecasting techniques help filter out the noise by identifying PennyMac Mortgage's price trends.PennyMac Mortgage 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 PennyMac Mortgage stock to make a market-neutral strategy. Peer analysis of PennyMac Mortgage could also be used in its relative valuation, which is a method of valuing PennyMac Mortgage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PennyMac Mortgage Market Strength Events
Market strength indicators help investors to evaluate how PennyMac Mortgage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennyMac Mortgage shares will generate the highest return on investment. By undertsting and applying PennyMac Mortgage stock market strength indicators, traders can identify PennyMac Mortgage Investment entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 12.6 | |||
| Day Typical Price | 12.6 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.1 | |||
| Relative Strength Index | 46.03 |
PennyMac Mortgage Risk Indicators
The analysis of PennyMac Mortgage'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 PennyMac Mortgage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennymac 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 | 1.07 | |||
| Semi Deviation | 1.85 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 | |||
| Downside Variance | 5.71 | |||
| Semi Variance | 3.4 | |||
| Expected Short fall | (1.16) |
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.
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Additional Information and Resources on Investing in PennyMac Stock
When determining whether PennyMac Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennyMac Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennymac Mortgage Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennymac Mortgage Investment Stock:Check out Historical Fundamental Analysis of PennyMac Mortgage to cross-verify your projections. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.