PPG Industries Stock Forecast - Daily Balance Of Power
| PPG Stock | USD 130.43 0.73 0.56% |
PPG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PPG Industries stock prices and determine the direction of PPG Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PPG Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although PPG Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PPG Industries' systematic risk associated with finding meaningful patterns of PPG Industries fundamentals over time.
Check out Historical Fundamental Analysis of PPG Industries to cross-verify your projections. PPG |
Open Interest Against 2024-04-26 PPG Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PPG Industries' 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 PPG Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PPG Industries 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 PPG Industries' open interest, investors have to compare it to PPG Industries' 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 PPG Industries 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 PPG. 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 PPG Industries 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 PPG Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PPG Industries' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of PPG Industries market sensitivity to bulls and bears. It estimates the ability of PPG Industries buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring PPG Industries Balance of Power indicator one can determine a trend of the price direction.| Check PPG Industries Volatility | Backtest PPG Industries | 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.
| Compare PPG Industries to competition |
Other Forecasting Options for PPG Industries
For every potential investor in PPG, whether a beginner or expert, PPG Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PPG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PPG. Basic forecasting techniques help filter out the noise by identifying PPG Industries' price trends.PPG Industries 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 PPG Industries stock to make a market-neutral strategy. Peer analysis of PPG Industries could also be used in its relative valuation, which is a method of valuing PPG Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PPG Industries 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 PPG Industries' 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 PPG Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PPG Industries Market Strength Events
Market strength indicators help investors to evaluate how PPG Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PPG Industries shares will generate the highest return on investment. By undertsting and applying PPG Industries stock market strength indicators, traders can identify PPG Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 46046.51 | |||
| Daily Balance Of Power | (0.33) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 130.54 | |||
| Day Typical Price | 130.5 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | (0.73) |
PPG Industries Risk Indicators
The analysis of PPG Industries' 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 PPG Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ppg 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 | 0.9376 | |||
| Standard Deviation | 1.17 | |||
| Variance | 1.38 |
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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Check out Historical Fundamental Analysis of PPG Industries to cross-verify your projections. For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for PPG Stock analysis
When running PPG Industries' price analysis, check to measure PPG Industries' 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 PPG Industries is operating at the current time. Most of PPG Industries' value examination focuses on studying past and present price action to predict the probability of PPG Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PPG Industries' price. Additionally, you may evaluate how the addition of PPG Industries to your portfolios can decrease your overall portfolio volatility.
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Is PPG Industries' 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 PPG Industries. If investors know PPG 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 PPG Industries 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 0.523 | Dividend Share 2.57 | Earnings Share 5.93 | Revenue Per Share 77.038 | Quarterly Revenue Growth (0.02) |
The market value of PPG Industries is measured differently than its book value, which is the value of PPG that is recorded on the company's balance sheet. Investors also form their own opinion of PPG Industries' value that differs from its market value or its book value, called intrinsic value, which is PPG Industries' 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 PPG Industries' market value can be influenced by many factors that don't directly affect PPG Industries' 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 PPG Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if PPG Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PPG Industries' 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.