Ecolab Stock Forecast - Daily Balance Of Power
| ECL Stock | USD 219.31 1.15 0.53% |
Ecolab Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ecolab stock prices and determine the direction of Ecolab Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ecolab's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ecolab's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ecolab's systematic risk associated with finding meaningful patterns of Ecolab fundamentals over time.
Check out Historical Fundamental Analysis of Ecolab to cross-verify your projections. Ecolab |
Open Interest Against 2024-05-17 Ecolab Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ecolab'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 Ecolab's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ecolab 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 Ecolab's open interest, investors have to compare it to Ecolab'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 Ecolab 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 Ecolab. 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 Ecolab 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 Ecolab's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ecolab's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Ecolab Inc market sensitivity to bulls and bears. It estimates the ability of Ecolab buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Ecolab Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.191 | 0.3993 |
| Check Ecolab Volatility | Backtest Ecolab | Information Ratio |
Ecolab Trading Date Momentum
| On April 23 2024 Ecolab Inc was traded for 219.31 at the closing time. Highest Ecolab's price during the trading hours was 220.15 and the lowest price during the day was 217.27 . There was no trading activity during the period 0.0. Lack of trading volume on the 23rd of April did not affect price variability. The overall trading delta to current price is 0.25% . |
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.
| Compare Ecolab to competition |
Other Forecasting Options for Ecolab
For every potential investor in Ecolab, whether a beginner or expert, Ecolab's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ecolab Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ecolab. Basic forecasting techniques help filter out the noise by identifying Ecolab's price trends.Ecolab 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 Ecolab stock to make a market-neutral strategy. Peer analysis of Ecolab could also be used in its relative valuation, which is a method of valuing Ecolab by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ecolab 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 Ecolab'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 Ecolab's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ecolab Market Strength Events
Market strength indicators help investors to evaluate how Ecolab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ecolab shares will generate the highest return on investment. By undertsting and applying Ecolab stock market strength indicators, traders can identify Ecolab Inc entry and exit signals to maximize returns.
Ecolab Risk Indicators
The analysis of Ecolab'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 Ecolab's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ecolab 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 | 0.8139 | |||
| Semi Deviation | 0.7457 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Downside Variance | 0.8004 | |||
| Semi Variance | 0.556 | |||
| Expected Short fall | (0.96) |
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 Ecolab
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 Ecolab 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 Ecolab will appreciate offsetting losses from the drop in the long position's value.Moving together with Ecolab Stock
| 0.74 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.62 | FF | FutureFuel Corp | PairCorr |
| 0.7 | DNMR | Danimer Scientific Financial Report 8th of May 2024 | PairCorr |
Moving against Ecolab Stock
| 0.59 | CC | Chemours Earnings Call This Week | PairCorr |
| 0.43 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Ecolab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecolab 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 Ecolab - 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 Ecolab Inc to buy it.
The correlation of Ecolab 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 Ecolab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecolab 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 Ecolab 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 Ecolab to cross-verify your projections. Note that the Ecolab Inc information on this page should be used as a complementary analysis to other Ecolab'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Ecolab Stock analysis
When running Ecolab's price analysis, check to measure Ecolab'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 Ecolab is operating at the current time. Most of Ecolab's value examination focuses on studying past and present price action to predict the probability of Ecolab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecolab's price. Additionally, you may evaluate how the addition of Ecolab to your portfolios can decrease your overall portfolio volatility.
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Is Ecolab'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 Ecolab. If investors know Ecolab 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 Ecolab 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 0.065 | Dividend Share 2.16 | Earnings Share 4.78 | Revenue Per Share 53.755 | Quarterly Revenue Growth 0.178 |
The market value of Ecolab Inc is measured differently than its book value, which is the value of Ecolab that is recorded on the company's balance sheet. Investors also form their own opinion of Ecolab's value that differs from its market value or its book value, called intrinsic value, which is Ecolab'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 Ecolab's market value can be influenced by many factors that don't directly affect Ecolab'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 Ecolab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecolab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecolab'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.