CenterPoint Energy Stock Forecast - Daily Balance Of Power

CNP Stock  USD 32.62  0.04  0.12%   
CenterPoint Stock Forecast is based on your current time horizon. Although CenterPoint Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CenterPoint Energy's systematic risk associated with finding meaningful patterns of CenterPoint Energy fundamentals over time.
  
As of 11/29/2024, Payables Turnover is likely to grow to 10.49, while Inventory Turnover is likely to drop 6.18. . As of 11/29/2024, Net Income Applicable To Common Shares is likely to grow to about 1.2 B, while Common Stock Shares Outstanding is likely to drop slightly above 388.1 M.
On October 2, 2024 CenterPoint Energy had Daily Balance Of Power of 0.8889. Balance of Power indicator (or BOP) measures the strength of CenterPoint Energy market sensitivity to bulls and bears. It estimates the ability of CenterPoint Energy buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring CenterPoint Energy Balance of Power indicator one can determine a trend of the price direction.
Check CenterPoint Energy VolatilityBacktest CenterPoint EnergyTrend Details  

CenterPoint Energy Trading Date Momentum

On October 03 2024 CenterPoint Energy was traded for  30.10  at the closing time. Highest CenterPoint Energy's price during the trading hours was 30.18  and the lowest price during the day was  29.78 . The net volume was 8 M. The overall trading history on the 3rd of October contributed to the next trading period price gain. The overall trading delta to the next next day price was 0.84% . The overall trading delta to current price is 1.04% .
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.
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Other Forecasting Options for CenterPoint Energy

For every potential investor in CenterPoint, whether a beginner or expert, CenterPoint Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CenterPoint Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CenterPoint. Basic forecasting techniques help filter out the noise by identifying CenterPoint Energy's price trends.

CenterPoint Energy 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 CenterPoint Energy stock to make a market-neutral strategy. Peer analysis of CenterPoint Energy could also be used in its relative valuation, which is a method of valuing CenterPoint Energy by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

CenterPoint Energy 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 CenterPoint Energy'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 CenterPoint Energy's current price.

CenterPoint Energy Market Strength Events

Market strength indicators help investors to evaluate how CenterPoint Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CenterPoint Energy shares will generate the highest return on investment. By undertsting and applying CenterPoint Energy stock market strength indicators, traders can identify CenterPoint Energy entry and exit signals to maximize returns.

CenterPoint Energy Risk Indicators

The analysis of CenterPoint Energy'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 CenterPoint Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting centerpoint 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.
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 CenterPoint Energy

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 CenterPoint Energy 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 CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against CenterPoint Stock

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The ability to find closely correlated positions to CenterPoint Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CenterPoint Energy 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 CenterPoint Energy - 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 CenterPoint Energy to buy it.
The correlation of CenterPoint Energy 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint Energy 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 CenterPoint Energy 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.
Pair CorrelationCorrelation Matching

Additional Tools for CenterPoint Stock Analysis

When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy'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 CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.