ESCO Technologies Stock Forecast - Daily Balance Of Power
| ESE Stock | USD 104.06 1.28 1.22% |
ESCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ESCO Technologies stock prices and determine the direction of ESCO Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ESCO Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although ESCO Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ESCO Technologies' systematic risk associated with finding meaningful patterns of ESCO Technologies fundamentals over time.
Check out Historical Fundamental Analysis of ESCO Technologies to cross-verify your projections. ESCO |
Open Interest Against 2024-05-17 ESCO Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ESCO Technologies' 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 ESCO Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ESCO Technologies 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 ESCO Technologies' open interest, investors have to compare it to ESCO Technologies' 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 ESCO Technologies 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 ESCO. 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 ESCO Technologies 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 ESCO Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ESCO Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of ESCO Technologies market sensitivity to bulls and bears. It estimates the ability of ESCO Technologies buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring ESCO Technologies Balance of Power indicator one can determine a trend of the price direction.| Check ESCO Technologies Volatility | Backtest ESCO Technologies | 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 ESCO Technologies to competition |
Other Forecasting Options for ESCO Technologies
For every potential investor in ESCO, whether a beginner or expert, ESCO Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ESCO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ESCO. Basic forecasting techniques help filter out the noise by identifying ESCO Technologies' price trends.ESCO Technologies 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 ESCO Technologies stock to make a market-neutral strategy. Peer analysis of ESCO Technologies could also be used in its relative valuation, which is a method of valuing ESCO Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ESCO Technologies 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 ESCO Technologies' 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 ESCO Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ESCO Technologies Market Strength Events
Market strength indicators help investors to evaluate how ESCO Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESCO Technologies shares will generate the highest return on investment. By undertsting and applying ESCO Technologies stock market strength indicators, traders can identify ESCO Technologies entry and exit signals to maximize returns.
| Accumulation Distribution | 5732.26 | |||
| Daily Balance Of Power | (0.51) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 105.29 | |||
| Day Typical Price | 104.88 | |||
| Price Action Indicator | (1.86) | |||
| Period Momentum Indicator | (1.28) | |||
| Relative Strength Index | 52.05 |
ESCO Technologies Risk Indicators
The analysis of ESCO Technologies' 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 ESCO Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting esco 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 | 1.36 | |||
| Semi Deviation | 1.77 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.01 | |||
| Downside Variance | 3.34 | |||
| Semi Variance | 3.13 | |||
| Expected Short fall | (1.46) |
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 ESCO Technologies
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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies 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 ESCO Technologies - 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 ESCO Technologies to buy it.
The correlation of ESCO Technologies 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 ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies 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 ESCO Technologies 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 ESCO Technologies to cross-verify your projections. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for ESCO Stock analysis
When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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 (0.10) | Dividend Share 0.32 | Earnings Share 3.6 | Revenue Per Share 37.573 | Quarterly Revenue Growth 0.088 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.