PNM Resources Stock Forecast - Rate Of Daily Change
| PNM Stock | USD 36.62 0.33 0.91% |
PNM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PNM Resources stock prices and determine the direction of PNM Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PNM Resources' historical fundamentals, such as revenue growth or operating cash flow patterns. Although PNM Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PNM Resources' systematic risk associated with finding meaningful patterns of PNM Resources fundamentals over time.
Check out Historical Fundamental Analysis of PNM Resources to cross-verify your projections. PNM |
Open Interest Against 2024-05-17 PNM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PNM Resources' 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 PNM Resources' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PNM Resources 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 PNM Resources' open interest, investors have to compare it to PNM Resources' 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 PNM Resources 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 PNM. 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 PNM Resources 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 PNM Resources' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PNM Resources' price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of PNM Resources.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.99 | 1.01 |
| Check PNM Resources Volatility | Backtest PNM Resources | Information Ratio |
PNM Resources Trading Date Momentum
| On April 24 2024 PNM Resources was traded for 36.62 at the closing time. Highest PNM Resources's price during the trading hours was 37.16 and the lowest price during the day was 36.26 . There was no trading activity during the period 0.0. Lack of trading volume on the 24th of April did not cause price change. The trading delta at closing time to current price is 0.90% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare PNM Resources to competition |
Other Forecasting Options for PNM Resources
For every potential investor in PNM, whether a beginner or expert, PNM Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PNM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PNM. Basic forecasting techniques help filter out the noise by identifying PNM Resources' price trends.PNM Resources 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 PNM Resources stock to make a market-neutral strategy. Peer analysis of PNM Resources could also be used in its relative valuation, which is a method of valuing PNM Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PNM Resources 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 PNM Resources' 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 PNM Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PNM Resources Market Strength Events
Market strength indicators help investors to evaluate how PNM Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PNM Resources shares will generate the highest return on investment. By undertsting and applying PNM Resources stock market strength indicators, traders can identify PNM Resources entry and exit signals to maximize returns.
PNM Resources Risk Indicators
The analysis of PNM Resources' 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 PNM Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pnm 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 | 1.01 | |||
| Semi Deviation | 1.24 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Downside Variance | 1.67 | |||
| Semi Variance | 1.53 | |||
| Expected Short fall | (1.05) |
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.
PNM Resources Investors Sentiment
The influence of PNM Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in PNM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to PNM Resources' public news can be used to forecast risks associated with an investment in PNM. The trend in average sentiment can be used to explain how an investor holding PNM can time the market purely based on public headlines and social activities around PNM Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
PNM Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for PNM Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average PNM Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on PNM Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PNM Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PNM Resources' short interest history, or implied volatility extrapolated from PNM Resources options trading.
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Check out Historical Fundamental Analysis of PNM Resources to cross-verify your projections. To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for PNM Stock analysis
When running PNM Resources' price analysis, check to measure PNM Resources' 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 PNM Resources is operating at the current time. Most of PNM Resources' value examination focuses on studying past and present price action to predict the probability of PNM Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PNM Resources' price. Additionally, you may evaluate how the addition of PNM Resources to your portfolios can decrease your overall portfolio volatility.
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Is PNM Resources' 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 PNM Resources. If investors know PNM 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 PNM Resources 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 (0.69) | Dividend Share 1.49 | Earnings Share 1.02 | Revenue Per Share 22.471 | Quarterly Revenue Growth (0.28) |
The market value of PNM Resources is measured differently than its book value, which is the value of PNM that is recorded on the company's balance sheet. Investors also form their own opinion of PNM Resources' value that differs from its market value or its book value, called intrinsic value, which is PNM Resources' 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 PNM Resources' market value can be influenced by many factors that don't directly affect PNM Resources' 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 PNM Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if PNM Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNM Resources' 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.