Costco Wholesale Stock Forecast - Accumulation Distribution
| COST Stock | USD 827.71 12.32 1.51% |
Costco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Costco Wholesale stock prices and determine the direction of Costco Wholesale Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Costco Wholesale's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Costco Wholesale's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Costco Wholesale's systematic risk associated with finding meaningful patterns of Costco Wholesale fundamentals over time.
Check out Historical Fundamental Analysis of Costco Wholesale to cross-verify your projections. Costco |
Open Interest Against 2024-06-07 Costco Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Costco Wholesale'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 Costco Wholesale's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Costco Wholesale 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 Costco Wholesale's open interest, investors have to compare it to Costco Wholesale'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 Costco Wholesale 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 Costco. 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 Costco Wholesale 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 Costco Wholesale's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Costco Wholesale's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Costco Wholesale is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Costco Wholesale Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Costco Wholesale trading volume to give more weight to distributions with higher volume over lower volume.| Check Costco Wholesale Volatility | Backtest Costco Wholesale | Information Ratio |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Costco Wholesale to competition |
Other Forecasting Options for Costco Wholesale
For every potential investor in Costco, whether a beginner or expert, Costco Wholesale's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Costco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Costco. Basic forecasting techniques help filter out the noise by identifying Costco Wholesale's price trends.Costco Wholesale 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 Costco Wholesale stock to make a market-neutral strategy. Peer analysis of Costco Wholesale could also be used in its relative valuation, which is a method of valuing Costco Wholesale by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Costco Wholesale Corp 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 Costco Wholesale'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 Costco Wholesale's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Costco Wholesale Market Strength Events
Market strength indicators help investors to evaluate how Costco Wholesale stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Costco Wholesale shares will generate the highest return on investment. By undertsting and applying Costco Wholesale stock market strength indicators, traders can identify Costco Wholesale Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 827.71 | |||
| Day Typical Price | 827.71 | |||
| Price Action Indicator | 6.16 | |||
| Period Momentum Indicator | 12.32 |
Costco Wholesale Risk Indicators
The analysis of Costco Wholesale'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 Costco Wholesale's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting costco 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 | 0.9245 | |||
| Semi Deviation | 1.46 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Downside Variance | 2.87 | |||
| Semi Variance | 2.12 | |||
| Expected Short fall | (0.97) |
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 Costco Wholesale
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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with Costco Stock
Moving against Costco Stock
| 0.81 | GO | Grocery Outlet Holding | PairCorr |
| 0.8 | ANDE | Andersons | PairCorr |
| 0.72 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
| 0.69 | TGT | Target | PairCorr |
| 0.57 | SYY | Sysco Fiscal Year End 6th of August 2024 | PairCorr |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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.Additional Tools for Costco Stock Analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.