NIKE Stock Forecast - Day Typical Price
| NKE Stock | EUR 87.00 0.41 0.47% |
NIKE Stock Forecast is based on your current time horizon.
NIKE |
Most investors in NIKE 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 NIKE's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NIKE's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 87.16 | 87.6 |
| Check NIKE Volatility | Backtest NIKE | Information Ratio |
NIKE Trading Date Momentum
| On June 14 2024 NIKE Inc was traded for 87.00 at the closing time. The maximum traded price for the trading interval was 89.20 and the lowest daily price was 86.60 . There was no trading activity during the period 0.0. Lack of trading volume on 14th of June 2024 did not cause price change. The trading delta at closing time to the closing price today is 2.51% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare NIKE to competition |
Other Forecasting Options for NIKE
For every potential investor in NIKE, whether a beginner or expert, NIKE's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NIKE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NIKE. Basic forecasting techniques help filter out the noise by identifying NIKE's price trends.NIKE 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 NIKE stock to make a market-neutral strategy. Peer analysis of NIKE could also be used in its relative valuation, which is a method of valuing NIKE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NIKE 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 NIKE'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 NIKE's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NIKE Market Strength Events
Market strength indicators help investors to evaluate how NIKE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NIKE shares will generate the highest return on investment. By undertsting and applying NIKE stock market strength indicators, traders can identify NIKE Inc entry and exit signals to maximize returns.
NIKE Risk Indicators
The analysis of NIKE'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 NIKE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nike 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 | 1.03 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.04 |
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 NIKE
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 NIKE 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 NIKE will appreciate offsetting losses from the drop in the long position's value.Moving against NIKE Stock
| 0.51 | AMZ | Amazon Inc | PairCorr |
| 0.5 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.44 | 27J | Impinj Inc | PairCorr |
| 0.43 | 27J | Impinj Inc | PairCorr |
| 0.37 | MTO | METTLER TOLEDO INTL | PairCorr |
The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE 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 NIKE - 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 NIKE Inc to buy it.
The correlation of NIKE 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 NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE 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 NIKE 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.Additional Tools for NIKE Stock Analysis
When running NIKE's price analysis, check to measure NIKE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NIKE is operating at the current time. Most of NIKE's value examination focuses on studying past and present price action to predict the probability of NIKE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIKE's price. Additionally, you may evaluate how the addition of NIKE to your portfolios can decrease your overall portfolio volatility.