Grocery Outlet Stock Forecast - Daily Balance Of Power
| GO Stock | USD 21.00 0.25 1.18% |
Grocery Stock Forecast is based on your current time horizon. Although Grocery Outlet's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Grocery Outlet's systematic risk associated with finding meaningful patterns of Grocery Outlet fundamentals over time.
Grocery |
Open Interest Against 2024-12-20 Grocery Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Grocery Outlet'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 Grocery Outlet's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Grocery Outlet 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 Grocery Outlet's open interest, investors have to compare it to Grocery Outlet'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 Grocery Outlet 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 Grocery. 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.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5906 | 0.5 |
| Check Grocery Outlet Volatility | Backtest Grocery Outlet | Trend Details |
Grocery Outlet Trading Date Momentum
| On November 27 2024 Grocery Outlet Holding was traded for 21.25 at the closing time. The highest price during the trading period was 21.67 and the lowest recorded bid was listed for 20.95 . The volume for the day was 1.8 M. This history from November 27, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.43% . The overall trading delta to the current price is 1.89% . |
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 Grocery Outlet to competition |
Other Forecasting Options for Grocery Outlet
For every potential investor in Grocery, whether a beginner or expert, Grocery Outlet's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Grocery Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Grocery. Basic forecasting techniques help filter out the noise by identifying Grocery Outlet's price trends.Grocery Outlet 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 Grocery Outlet stock to make a market-neutral strategy. Peer analysis of Grocery Outlet could also be used in its relative valuation, which is a method of valuing Grocery Outlet by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Grocery Outlet Holding 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 Grocery Outlet'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 Grocery Outlet's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Grocery Outlet Market Strength Events
Market strength indicators help investors to evaluate how Grocery Outlet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grocery Outlet shares will generate the highest return on investment. By undertsting and applying Grocery Outlet stock market strength indicators, traders can identify Grocery Outlet Holding entry and exit signals to maximize returns.
| Accumulation Distribution | 57800.76 | |||
| Daily Balance Of Power | (0.25) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 21.07 | |||
| Day Typical Price | 21.04 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | (0.25) | |||
| Relative Strength Index | 64.15 |
Grocery Outlet Risk Indicators
The analysis of Grocery Outlet'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 Grocery Outlet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grocery 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 | 2.64 | |||
| Semi Deviation | 3.75 | |||
| Standard Deviation | 3.75 | |||
| Variance | 14.06 | |||
| Downside Variance | 15.72 | |||
| Semi Variance | 14.09 | |||
| Expected Short fall | (2.92) |
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 Grocery Outlet
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 Grocery Outlet 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 Grocery Outlet will appreciate offsetting losses from the drop in the long position's value.Moving against Grocery Stock
| 0.59 | FC | Franklin Covey | PairCorr |
| 0.56 | UG | United Guardian | PairCorr |
| 0.54 | DTCK | Davis Commodities | PairCorr |
| 0.5 | TGT | Target | PairCorr |
| 0.46 | DOLE | Dole PLC | PairCorr |
The ability to find closely correlated positions to Grocery Outlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grocery Outlet 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 Grocery Outlet - 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 Grocery Outlet Holding to buy it.
The correlation of Grocery Outlet 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 Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding 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 Grocery Outlet 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 Grocery Outlet to cross-verify your projections. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Consumer Staples Distribution & Retail space 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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet 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 (0.11) | Earnings Share 0.51 | Revenue Per Share 42.988 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0194 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.