Lennox International Stock Forecast - Mean Deviation
| LII Stock | USD 543.55 6.87 1.25% |
Lennox Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Lennox International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Lennox |
Open Interest Against 2024-06-21 Lennox Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Lennox International'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 Lennox International's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Lennox International 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 Lennox International's open interest, investors have to compare it to Lennox International'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 Lennox International 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 Lennox. 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 Lennox International 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 Lennox International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Lennox International's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Lennox International Volatility | Backtest Lennox International | Information Ratio |
Lennox International Trading Date Momentum
| On June 20 2024 Lennox International was traded for 543.55 at the closing time. Highest Lennox International's price during the trading hours was 551.06 and the lowest price during the day was 541.00 . The net volume was 322.9 K. The overall trading history on the 20th of June did not cause price change. The trading delta at closing time to current price is 1.19% . |
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Other Forecasting Options for Lennox International
For every potential investor in Lennox, whether a beginner or expert, Lennox International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lennox Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lennox. Basic forecasting techniques help filter out the noise by identifying Lennox International's price trends.Lennox International 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 Lennox International stock to make a market-neutral strategy. Peer analysis of Lennox International could also be used in its relative valuation, which is a method of valuing Lennox International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lennox International 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 Lennox International'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 Lennox International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lennox International Market Strength Events
Market strength indicators help investors to evaluate how Lennox International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lennox International shares will generate the highest return on investment. By undertsting and applying Lennox International stock market strength indicators, traders can identify Lennox International entry and exit signals to maximize returns.
| Accumulation Distribution | 5894.76 | |||
| Daily Balance Of Power | (0.68) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 546.03 | |||
| Day Typical Price | 545.2 | |||
| Price Action Indicator | (5.92) | |||
| Period Momentum Indicator | (6.87) | |||
| Relative Strength Index | 61.88 |
Lennox International Risk Indicators
The analysis of Lennox International'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 Lennox International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lennox 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 | 1.37 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 1.73 | |||
| Variance | 3.0 | |||
| Downside Variance | 2.89 | |||
| Semi Variance | 2.02 | |||
| Expected Short fall | (1.42) |
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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Additional Information and Resources on Investing in Lennox Stock
When determining whether Lennox International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lennox International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lennox International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lennox International Stock:Check out Historical Fundamental Analysis of Lennox International to cross-verify your projections. For more detail on how to invest in Lennox Stock please use our How to Invest in Lennox International guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Building Products space 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 Lennox International. If investors know Lennox 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 Lennox International 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 0.262 | Dividend Share 4.4 | Earnings Share 17.28 | Revenue Per Share 140.172 | Quarterly Revenue Growth (0) |
The market value of Lennox International is measured differently than its book value, which is the value of Lennox that is recorded on the company's balance sheet. Investors also form their own opinion of Lennox International's value that differs from its market value or its book value, called intrinsic value, which is Lennox International'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 Lennox International's market value can be influenced by many factors that don't directly affect Lennox International'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 Lennox International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lennox International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lennox International'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.