Bentley SystemsInc Stock Forecast - Daily Balance Of Power
| BSY Stock | USD 53.20 0.74 1.41% |
Bentley Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bentley SystemsInc stock prices and determine the direction of Bentley SystemsInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bentley SystemsInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Bentley SystemsInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bentley SystemsInc's systematic risk associated with finding meaningful patterns of Bentley SystemsInc fundamentals over time.
Check out Historical Fundamental Analysis of Bentley SystemsInc to cross-verify your projections. Bentley |
Open Interest Against 2024-05-17 Bentley Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bentley SystemsInc'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 Bentley SystemsInc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bentley SystemsInc 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 Bentley SystemsInc's open interest, investors have to compare it to Bentley SystemsInc'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 Bentley SystemsInc 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 Bentley. 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 Bentley SystemsInc 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 Bentley SystemsInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bentley SystemsInc's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Bentley SystemsInc market sensitivity to bulls and bears. It estimates the ability of Bentley SystemsInc buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Bentley SystemsInc Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.3797 | 0.6789 |
| Check Bentley SystemsInc Volatility | Backtest Bentley SystemsInc | Information Ratio |
Bentley SystemsInc Trading Date Momentum
| On April 22 2024 Bentley SystemsInc was traded for 53.20 at the closing time. Highest Bentley SystemsInc's price during the trading hours was 53.29 and the lowest price during the day was 52.20 . The net volume was 2.4 M. The overall trading history on the 22nd of April did not affect price variability. The overall trading delta to current price is 0.53% . |
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 Bentley SystemsInc to competition |
Other Forecasting Options for Bentley SystemsInc
For every potential investor in Bentley, whether a beginner or expert, Bentley SystemsInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bentley Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bentley. Basic forecasting techniques help filter out the noise by identifying Bentley SystemsInc's price trends.Bentley SystemsInc 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 Bentley SystemsInc stock to make a market-neutral strategy. Peer analysis of Bentley SystemsInc could also be used in its relative valuation, which is a method of valuing Bentley SystemsInc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bentley SystemsInc 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 Bentley SystemsInc'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 Bentley SystemsInc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bentley SystemsInc Market Strength Events
Market strength indicators help investors to evaluate how Bentley SystemsInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bentley SystemsInc shares will generate the highest return on investment. By undertsting and applying Bentley SystemsInc stock market strength indicators, traders can identify Bentley SystemsInc entry and exit signals to maximize returns.
| Accumulation Distribution | 49282.3 | |||
| Daily Balance Of Power | 0.6789 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 52.75 | |||
| Day Typical Price | 52.9 | |||
| Price Action Indicator | 0.83 | |||
| Period Momentum Indicator | 0.74 |
Bentley SystemsInc Risk Indicators
The analysis of Bentley SystemsInc'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 Bentley SystemsInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bentley 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 | 1.51 | |||
| Semi Deviation | 2.31 | |||
| Standard Deviation | 2.04 | |||
| Variance | 4.16 | |||
| Downside Variance | 5.68 | |||
| Semi Variance | 5.33 | |||
| Expected Short fall | (1.45) |
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 Bentley SystemsInc
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 Bentley SystemsInc 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 Bentley SystemsInc will appreciate offsetting losses from the drop in the long position's value.Moving against Bentley Stock
| 0.44 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bentley SystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bentley SystemsInc 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 Bentley SystemsInc - 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 Bentley SystemsInc to buy it.
The correlation of Bentley SystemsInc 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 Bentley SystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc to cross-verify your projections. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Bentley Stock analysis
When running Bentley SystemsInc's price analysis, check to measure Bentley SystemsInc'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 Bentley SystemsInc is operating at the current time. Most of Bentley SystemsInc's value examination focuses on studying past and present price action to predict the probability of Bentley SystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bentley SystemsInc's price. Additionally, you may evaluate how the addition of Bentley SystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Bentley SystemsInc'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 Bentley SystemsInc. If investors know Bentley 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 Bentley SystemsInc 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 5.545 | Dividend Share 0.2 | Earnings Share 1 | Revenue Per Share 3.933 | Quarterly Revenue Growth 0.083 |
The market value of Bentley SystemsInc is measured differently than its book value, which is the value of Bentley that is recorded on the company's balance sheet. Investors also form their own opinion of Bentley SystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Bentley SystemsInc'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 Bentley SystemsInc's market value can be influenced by many factors that don't directly affect Bentley SystemsInc'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 Bentley SystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bentley SystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley SystemsInc'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.