West Pharmaceutical Stock Forecast - Daily Balance Of Power
| WST Stock | USD 331.41 2.29 0.70% |
West Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast West Pharmaceutical stock prices and determine the direction of West Pharmaceutical Services's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of West Pharmaceutical's historical fundamentals, such as revenue growth or operating cash flow patterns. Although West Pharmaceutical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of West Pharmaceutical's systematic risk associated with finding meaningful patterns of West Pharmaceutical fundamentals over time.
Check out Historical Fundamental Analysis of West Pharmaceutical to cross-verify your projections. West |
Open Interest Against 2024-06-21 West Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast West Pharmaceutical'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 West Pharmaceutical's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for West Pharmaceutical 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 West Pharmaceutical's open interest, investors have to compare it to West Pharmaceutical'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 West Pharmaceutical 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 West. 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 West Pharmaceutical 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 West Pharmaceutical's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets West Pharmaceutical's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of West Pharmaceutical Services market sensitivity to bulls and bears. It estimates the ability of West Pharmaceutical buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring West Pharmaceutical Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.64) | (0.34) |
| Check West Pharmaceutical Volatility | Backtest West Pharmaceutical | Trend Details |
West Pharmaceutical Trading Date Momentum
| On April 29 2024 West Pharmaceutical Services was traded for 354.41 at the closing time. Highest West Pharmaceutical's price during the trading hours was 362.06 and the lowest price during the day was 353.63 . The net volume was 431.3 K. The overall trading history on the 29th of April contributed to the next trading period price depreciation. The trading price change to the next next day price was 1.67% . The trading price change to current price is 1.12% . |
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 West Pharmaceutical to competition |
Other Forecasting Options for West Pharmaceutical
For every potential investor in West, whether a beginner or expert, West Pharmaceutical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. West Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in West. Basic forecasting techniques help filter out the noise by identifying West Pharmaceutical's price trends.West Pharmaceutical 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 West Pharmaceutical stock to make a market-neutral strategy. Peer analysis of West Pharmaceutical could also be used in its relative valuation, which is a method of valuing West Pharmaceutical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
West Pharmaceutical 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 West Pharmaceutical'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 West Pharmaceutical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
West Pharmaceutical Market Strength Events
Market strength indicators help investors to evaluate how West Pharmaceutical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading West Pharmaceutical shares will generate the highest return on investment. By undertsting and applying West Pharmaceutical stock market strength indicators, traders can identify West Pharmaceutical Services entry and exit signals to maximize returns.
| Accumulation Distribution | 14357.31 | |||
| Daily Balance Of Power | 0.3682 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 329.14 | |||
| Day Typical Price | 329.9 | |||
| Price Action Indicator | 3.42 | |||
| Period Momentum Indicator | 2.29 |
West Pharmaceutical Risk Indicators
The analysis of West Pharmaceutical'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 West Pharmaceutical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting west 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 | 1.17 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.75 |
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 West Pharmaceutical
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 West Pharmaceutical 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 West Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.Moving together with West Stock
| 0.64 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
Moving against West Stock
| 0.62 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.52 | INGN | Inogen Inc | PairCorr |
The ability to find closely correlated positions to West Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Pharmaceutical 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 West Pharmaceutical - 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 West Pharmaceutical Services to buy it.
The correlation of West Pharmaceutical 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 West Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Pharmaceutical 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 West Pharmaceutical 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 West Pharmaceutical to cross-verify your projections. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for West Stock analysis
When running West Pharmaceutical's price analysis, check to measure West Pharmaceutical'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 West Pharmaceutical is operating at the current time. Most of West Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of West Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Pharmaceutical's price. Additionally, you may evaluate how the addition of West Pharmaceutical to your portfolios can decrease your overall portfolio volatility.
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Is West Pharmaceutical'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 West Pharmaceutical. If investors know West 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 West Pharmaceutical 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 (0.16) | Dividend Share 0.78 | Earnings Share 7.59 | Revenue Per Share 39.549 | Quarterly Revenue Growth (0.03) |
The market value of West Pharmaceutical is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Pharmaceutical's value that differs from its market value or its book value, called intrinsic value, which is West Pharmaceutical'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 West Pharmaceutical's market value can be influenced by many factors that don't directly affect West Pharmaceutical'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 West Pharmaceutical's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Pharmaceutical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Pharmaceutical'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.