Palomar Holdings Stock Forecast - Price Action Indicator
| PLMR Stock | USD 79.04 0.37 0.47% |
Palomar Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Palomar Holdings stock prices and determine the direction of Palomar Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Palomar Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Palomar Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Palomar Holdings' systematic risk associated with finding meaningful patterns of Palomar Holdings fundamentals over time.
Check out Historical Fundamental Analysis of Palomar Holdings to cross-verify your projections. Palomar |
Open Interest Against 2024-05-17 Palomar Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Palomar Holdings' 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 Palomar Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Palomar Holdings 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 Palomar Holdings' open interest, investors have to compare it to Palomar Holdings' 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 Palomar Holdings 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 Palomar. 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 Palomar Holdings 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 Palomar Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Palomar Holdings' 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 Palomar Holdings Volatility | Backtest Palomar Holdings | Trend Details |
Palomar Holdings Trading Date Momentum
| On April 19 2024 Palomar Holdings was traded for 79.22 at the closing time. The top price for the day was 79.42 and the lowest listed price was 77.37 . The trading volume for the day was 144.8 K. The trading history from April 19, 2024 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 1.86% . The trading delta at closing time against the current closing price is 3.18% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Palomar Holdings
For every potential investor in Palomar, whether a beginner or expert, Palomar Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Palomar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Palomar. Basic forecasting techniques help filter out the noise by identifying Palomar Holdings' price trends.Palomar Holdings 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 Palomar Holdings stock to make a market-neutral strategy. Peer analysis of Palomar Holdings could also be used in its relative valuation, which is a method of valuing Palomar Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Palomar Holdings 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 Palomar Holdings' 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 Palomar Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Palomar Holdings Market Strength Events
Market strength indicators help investors to evaluate how Palomar Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Palomar Holdings shares will generate the highest return on investment. By undertsting and applying Palomar Holdings stock market strength indicators, traders can identify Palomar Holdings entry and exit signals to maximize returns.
Palomar Holdings Risk Indicators
The analysis of Palomar Holdings' 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 Palomar Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting palomar 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 | 1.72 | |||
| Semi Deviation | 1.52 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.91 | |||
| Downside Variance | 2.94 | |||
| Semi Variance | 2.32 | |||
| Expected Short fall | (2.09) |
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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Check out Historical Fundamental Analysis of Palomar Holdings to cross-verify your projections. To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Palomar Stock analysis
When running Palomar Holdings' price analysis, check to measure Palomar Holdings' 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 Palomar Holdings is operating at the current time. Most of Palomar Holdings' value examination focuses on studying past and present price action to predict the probability of Palomar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palomar Holdings' price. Additionally, you may evaluate how the addition of Palomar Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Palomar Holdings' 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 Palomar Holdings. If investors know Palomar 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 Palomar Holdings 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 0.41 | Earnings Share 3.13 | Revenue Per Share 15.145 | Quarterly Revenue Growth 0.189 | Return On Assets 0.0445 |
The market value of Palomar Holdings is measured differently than its book value, which is the value of Palomar that is recorded on the company's balance sheet. Investors also form their own opinion of Palomar Holdings' value that differs from its market value or its book value, called intrinsic value, which is Palomar Holdings' 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 Palomar Holdings' market value can be influenced by many factors that don't directly affect Palomar Holdings' 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 Palomar Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palomar Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palomar Holdings' 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.