Penumbra Stock Forecast - Daily Balance Of Power
| PEN Stock | USD 244.12 0.03 0.01% |
Penumbra Stock Forecast is based on your current time horizon. Although Penumbra's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Penumbra's systematic risk associated with finding meaningful patterns of Penumbra fundamentals over time.
Penumbra |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.53) | 0.4681 |
| Check Penumbra Volatility | Backtest Penumbra | Trend Details |
Penumbra Trading Date Momentum
| On November 18 2024 Penumbra was traded for 240.48 at the closing time. Highest Penumbra's price during the trading hours was 241.82 and the lowest price during the day was 235.31 . The net volume was 643.3 K. The overall trading history on the 18th of November 2024 contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 1.11% . The trading delta at closing time to current price is 1.07% . |
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 Penumbra
For every potential investor in Penumbra, whether a beginner or expert, Penumbra's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Penumbra Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Penumbra. Basic forecasting techniques help filter out the noise by identifying Penumbra's price trends.Penumbra 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 Penumbra stock to make a market-neutral strategy. Peer analysis of Penumbra could also be used in its relative valuation, which is a method of valuing Penumbra by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Penumbra 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 Penumbra'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 Penumbra's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Penumbra Market Strength Events
Market strength indicators help investors to evaluate how Penumbra stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penumbra shares will generate the highest return on investment. By undertsting and applying Penumbra stock market strength indicators, traders can identify Penumbra entry and exit signals to maximize returns.
| Accumulation Distribution | 2004.21 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 244.46 | |||
| Day Typical Price | 244.34 | |||
| Price Action Indicator | (0.35) | |||
| Period Momentum Indicator | (0.03) | |||
| Relative Strength Index | 79.82 |
Penumbra Risk Indicators
The analysis of Penumbra'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 Penumbra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting penumbra 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 | 1.69 | |||
| Semi Deviation | 1.84 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.27 | |||
| Downside Variance | 3.8 | |||
| Semi Variance | 3.37 | |||
| Expected Short fall | (2.05) |
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.
When determining whether Penumbra offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penumbra's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penumbra Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penumbra Stock: Check out Historical Fundamental Analysis of Penumbra to cross-verify your projections. To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Health Care Equipment & Supplies 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 Penumbra. If investors know Penumbra 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 Penumbra 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 2.261 | Earnings Share 0.88 | Revenue Per Share 30.081 | Quarterly Revenue Growth 0.111 | Return On Assets 0.0333 |
The market value of Penumbra is measured differently than its book value, which is the value of Penumbra that is recorded on the company's balance sheet. Investors also form their own opinion of Penumbra's value that differs from its market value or its book value, called intrinsic value, which is Penumbra'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 Penumbra's market value can be influenced by many factors that don't directly affect Penumbra'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 Penumbra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penumbra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penumbra'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.