Mammoth Energy Services Stock Pattern Recognition Inverted Hammer
| TUSK Stock | USD 3.42 0.07 2.01% |
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Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was eleven with a total number of output elements of fifty. The function did not return any valid pattern recognition events for the selected time horizon. The Inverted Hammer pattern indicates that the buyers drove prices of Mammoth Energy Services up, at some point during the period, but encountered selling pressure which drove prices back down to close near to where they opened.
Mammoth Energy Technical Analysis Modules
Most technical analysis of Mammoth Energy help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mammoth from various momentum indicators to cycle indicators. When you analyze Mammoth charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Mammoth Energy Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mammoth Energy Services. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mammoth Energy Services based on widely used predictive technical indicators. In general, we focus on analyzing Mammoth Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mammoth Energy's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Mammoth Energy's intrinsic value. In addition to deriving basic predictive indicators for Mammoth Energy, we also check how macroeconomic factors affect Mammoth Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 5.28 | 5.88 | 9.01 | 6.54 | Days Of Inventory On Hand | 15.4 | 11.64 | 18.63 | 19.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mammoth Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Mammoth Energy Services pair trading
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 Mammoth 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 Mammoth Energy will appreciate offsetting losses from the drop in the long position's value.Mammoth Energy Pair Trading
Mammoth Energy Services Pair Trading Analysis
The ability to find closely correlated positions to Mammoth 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 Mammoth 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 Mammoth 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 Mammoth Energy Services to buy it.
The correlation of Mammoth 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 Mammoth Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mammoth Energy Services 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 Mammoth 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Mammoth Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Oil & Gas Equipment & Services 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 Mammoth Energy. If investors know Mammoth 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 Mammoth Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.12) | Revenue Per Share 3.905 | Quarterly Revenue Growth (0.38) | Return On Assets (0.15) | Return On Equity (0.54) |
The market value of Mammoth Energy Services is measured differently than its book value, which is the value of Mammoth that is recorded on the company's balance sheet. Investors also form their own opinion of Mammoth Energy's value that differs from its market value or its book value, called intrinsic value, which is Mammoth Energy'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 Mammoth Energy's market value can be influenced by many factors that don't directly affect Mammoth Energy'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 Mammoth Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mammoth Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mammoth Energy'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.