Silgan Holdings Stock Forecast - Treynor Ratio
| SLGN Stock | USD 57.45 0.28 0.49% |
Silgan Stock Forecast is based on your current time horizon. Although Silgan Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Silgan Holdings' systematic risk associated with finding meaningful patterns of Silgan Holdings fundamentals over time.
Silgan |
| Check Silgan Holdings Volatility | Backtest Silgan Holdings | Trend Details |
Silgan Holdings Trading Date Momentum
| On November 25 2024 Silgan Holdings was traded for 57.12 at the closing time. The top price for the day was 57.61 and the lowest listed price was 56.84 . The trading volume for the day was 660.5 K. The trading history from November 25, 2024 was a factor to the next trading day price boost. The trading price change against the next closing price was 1.04% . The trading price change against the current closing price is 1.77% . |
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Other Forecasting Options for Silgan Holdings
For every potential investor in Silgan, whether a beginner or expert, Silgan Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Silgan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Silgan. Basic forecasting techniques help filter out the noise by identifying Silgan Holdings' price trends.Silgan Holdings 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 Silgan Holdings stock to make a market-neutral strategy. Peer analysis of Silgan Holdings could also be used in its relative valuation, which is a method of valuing Silgan Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Silgan Holdings 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 Silgan Holdings' 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 Silgan Holdings' current price.| Cycle Indicators | ||
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Silgan Holdings Market Strength Events
Market strength indicators help investors to evaluate how Silgan Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Silgan Holdings shares will generate the highest return on investment. By undertsting and applying Silgan Holdings stock market strength indicators, traders can identify Silgan Holdings entry and exit signals to maximize returns.
Silgan Holdings Risk Indicators
The analysis of Silgan Holdings' 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 Silgan Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting silgan 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 | 0.8712 | |||
| Semi Deviation | 0.8107 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.15 | |||
| Downside Variance | 1.1 | |||
| Semi Variance | 0.6572 | |||
| Expected Short fall | (0.94) |
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 Silgan Holdings
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 Silgan Holdings 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 Silgan Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Silgan Stock
Moving against Silgan Stock
| 0.8 | DSS | DSS Inc | PairCorr |
| 0.68 | AVY | Avery Dennison Corp | PairCorr |
| 0.66 | AMCR | Amcor PLC | PairCorr |
| 0.65 | SON | Sonoco Products | PairCorr |
| 0.64 | MYE | Myers Industries Potential Growth | PairCorr |
The ability to find closely correlated positions to Silgan Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silgan Holdings 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 Silgan Holdings - 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 Silgan Holdings to buy it.
The correlation of Silgan Holdings 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 Silgan Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silgan Holdings 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 Silgan Holdings 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 Silgan Holdings to cross-verify your projections. To learn how to invest in Silgan Stock, please use our How to Invest in Silgan Holdings guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Metal, Glass & Plastic Containers 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 Silgan Holdings. If investors know Silgan 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 Silgan Holdings 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 (0.09) | Dividend Share 0.75 | Earnings Share 2.76 | Revenue Per Share 54.197 | Quarterly Revenue Growth (0.03) |
The market value of Silgan Holdings is measured differently than its book value, which is the value of Silgan that is recorded on the company's balance sheet. Investors also form their own opinion of Silgan Holdings' value that differs from its market value or its book value, called intrinsic value, which is Silgan Holdings' 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 Silgan Holdings' market value can be influenced by many factors that don't directly affect Silgan Holdings' 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 Silgan Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Silgan Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Silgan Holdings' 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.