NewMarket Stock Forecast - Price Action Indicator
| NEU Stock | USD 535.07 2.76 0.52% |
NewMarket Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NewMarket stock prices and determine the direction of NewMarket's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NewMarket's historical fundamentals, such as revenue growth or operating cash flow patterns. Although NewMarket's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NewMarket's systematic risk associated with finding meaningful patterns of NewMarket fundamentals over time.
Check out Historical Fundamental Analysis of NewMarket to cross-verify your projections. NewMarket |
Open Interest Against 2024-06-21 NewMarket Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast NewMarket'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 NewMarket's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for NewMarket 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 NewMarket's open interest, investors have to compare it to NewMarket'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 NewMarket 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 NewMarket. 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 NewMarket 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 NewMarket's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NewMarket's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check NewMarket Volatility | Backtest NewMarket | Information Ratio |
NewMarket Trading Date Momentum
| On June 02 2024 NewMarket was traded for 535.07 at the closing time. Highest NewMarket's price during the trading hours was 535.90 and the lowest price during the day was 526.00 . There was no trading activity during the period 0.0. Lack of trading volume on the 2nd of June did not cause price change. The trading delta at closing time to current price is 0.04% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare NewMarket to competition |
Other Forecasting Options for NewMarket
For every potential investor in NewMarket, whether a beginner or expert, NewMarket's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NewMarket Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NewMarket. Basic forecasting techniques help filter out the noise by identifying NewMarket's price trends.NewMarket 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 NewMarket stock to make a market-neutral strategy. Peer analysis of NewMarket could also be used in its relative valuation, which is a method of valuing NewMarket by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NewMarket 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 NewMarket'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 NewMarket's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NewMarket Market Strength Events
Market strength indicators help investors to evaluate how NewMarket stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewMarket shares will generate the highest return on investment. By undertsting and applying NewMarket stock market strength indicators, traders can identify NewMarket entry and exit signals to maximize returns.
NewMarket Risk Indicators
The analysis of NewMarket'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 NewMarket's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newmarket 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 | 0.9032 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.94 |
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 NewMarket
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 NewMarket 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 NewMarket will appreciate offsetting losses from the drop in the long position's value.Moving together with NewMarket Stock
| 0.74 | DNMR | Danimer Scientific | PairCorr |
Moving against NewMarket Stock
| 0.81 | FSI | Flexible Solutions | PairCorr |
| 0.73 | CBT | Cabot Fiscal Year End 4th of November 2024 | PairCorr |
| 0.69 | WTTR | Select Energy Services | PairCorr |
| 0.63 | DD | Dupont De Nemours Financial Report 7th of August 2024 | PairCorr |
| 0.56 | APD | Air Products Fiscal Year End 5th of November 2024 | PairCorr |
The ability to find closely correlated positions to NewMarket could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewMarket 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 NewMarket - 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 NewMarket to buy it.
The correlation of NewMarket 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 NewMarket moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewMarket 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 NewMarket 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 NewMarket to cross-verify your projections. For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.Note that the NewMarket information on this page should be used as a complementary analysis to other NewMarket's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for NewMarket Stock analysis
When running NewMarket's price analysis, check to measure NewMarket'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 NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.
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Is NewMarket'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 NewMarket. If investors know NewMarket 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 NewMarket 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 0.114 | Dividend Share 9.25 | Earnings Share 41.57 | Revenue Per Share 281.584 | Quarterly Revenue Growth (0.01) |
The market value of NewMarket is measured differently than its book value, which is the value of NewMarket that is recorded on the company's balance sheet. Investors also form their own opinion of NewMarket's value that differs from its market value or its book value, called intrinsic value, which is NewMarket'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 NewMarket's market value can be influenced by many factors that don't directly affect NewMarket'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 NewMarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewMarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewMarket'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.