Columbus McKinnon Stock Forecast - Daily Balance Of Power
| CMCO Stock | USD 41.52 0.63 1.54% |
Columbus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Columbus McKinnon stock prices and determine the direction of Columbus McKinnon's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Columbus McKinnon's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Columbus McKinnon's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Columbus McKinnon's systematic risk associated with finding meaningful patterns of Columbus McKinnon fundamentals over time.
Check out Historical Fundamental Analysis of Columbus McKinnon to cross-verify your projections. Columbus |
Open Interest Against 2024-05-17 Columbus Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Columbus McKinnon's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Columbus McKinnon's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Columbus McKinnon stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Columbus McKinnon's open interest, investors have to compare it to Columbus McKinnon's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Columbus McKinnon is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Columbus. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Columbus McKinnon 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 Columbus McKinnon's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Columbus McKinnon's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Columbus McKinnon market sensitivity to bulls and bears. It estimates the ability of Columbus McKinnon buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Columbus McKinnon Balance of Power indicator one can determine a trend of the price direction.| Check Columbus McKinnon Volatility | Backtest Columbus McKinnon | Information Ratio |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Columbus McKinnon
For every potential investor in Columbus, whether a beginner or expert, Columbus McKinnon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Columbus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Columbus. Basic forecasting techniques help filter out the noise by identifying Columbus McKinnon's price trends.Columbus McKinnon 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 Columbus McKinnon stock to make a market-neutral strategy. Peer analysis of Columbus McKinnon could also be used in its relative valuation, which is a method of valuing Columbus McKinnon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Columbus McKinnon 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 Columbus McKinnon'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 Columbus McKinnon's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Columbus McKinnon Market Strength Events
Market strength indicators help investors to evaluate how Columbus McKinnon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Columbus McKinnon shares will generate the highest return on investment. By undertsting and applying Columbus McKinnon stock market strength indicators, traders can identify Columbus McKinnon entry and exit signals to maximize returns.
Columbus McKinnon Risk Indicators
The analysis of Columbus McKinnon'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 Columbus McKinnon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting columbus 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 | 1.3 | |||
| Semi Deviation | 1.77 | |||
| Standard Deviation | 1.73 | |||
| Variance | 2.99 | |||
| Downside Variance | 3.71 | |||
| Semi Variance | 3.12 | |||
| Expected Short fall | (1.36) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Columbus McKinnon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Columbus McKinnon's short interest history, or implied volatility extrapolated from Columbus McKinnon options trading.
Pair Trading with Columbus McKinnon
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 Columbus McKinnon 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 Columbus McKinnon will appreciate offsetting losses from the drop in the long position's value.Moving against Columbus Stock
| 0.66 | ZEVYW | Lightning eMotors | PairCorr |
| 0.61 | LNN | Lindsay Financial Report 4th of July 2024 | PairCorr |
| 0.59 | GP | GreenPower Motor Financial Report 12th of July 2024 | PairCorr |
| 0.55 | MNTX | Manitex International Financial Report 2nd of May 2024 | PairCorr |
| 0.5 | TWI | Titan International Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Columbus McKinnon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbus McKinnon 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 Columbus McKinnon - 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 Columbus McKinnon to buy it.
The correlation of Columbus McKinnon 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 Columbus McKinnon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon to cross-verify your projections. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.Note that the Columbus McKinnon information on this page should be used as a complementary analysis to other Columbus McKinnon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Columbus Stock analysis
When running Columbus McKinnon's price analysis, check to measure Columbus McKinnon'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 Columbus McKinnon is operating at the current time. Most of Columbus McKinnon's value examination focuses on studying past and present price action to predict the probability of Columbus McKinnon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbus McKinnon's price. Additionally, you may evaluate how the addition of Columbus McKinnon to your portfolios can decrease your overall portfolio volatility.
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Is Columbus McKinnon's industry 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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 0.28 | Earnings Share 1.68 | Revenue Per Share 34.926 | Quarterly Revenue Growth 0.103 |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.