Costco Wholesale Stock Forecast - Daily Balance Of Power
COST Stock | MXN 12,353 151.83 1.21% |
Costco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Costco Wholesale stock prices and determine the direction of Costco Wholesale's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Costco Wholesale's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Costco Wholesale to cross-verify your projections. Costco |
Most investors in Costco Wholesale cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Costco Wholesale's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Costco Wholesale's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Costco Wholesale market sensitivity to bulls and bears. It estimates the ability of Costco Wholesale buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Costco Wholesale Balance of Power indicator one can determine a trend of the price direction.Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
(0.85) | (1.94) |
Check Costco Wholesale Volatility | Backtest Costco Wholesale | Information Ratio |
Costco Wholesale Trading Date Momentum
On April 29 2024 Costco Wholesale was traded for 12,353 at the closing time. The highest price during the trading period was 12,353 and the lowest recorded bid was listed for 12,275 . The volume for the day was 134. This history from April 29, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
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 Costco Wholesale to competition |
Other Forecasting Options for Costco Wholesale
For every potential investor in Costco, whether a beginner or expert, Costco Wholesale's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Costco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Costco. Basic forecasting techniques help filter out the noise by identifying Costco Wholesale's price trends.Costco Wholesale 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 Costco Wholesale stock to make a market-neutral strategy. Peer analysis of Costco Wholesale could also be used in its relative valuation, which is a method of valuing Costco Wholesale by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Costco Wholesale 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 Costco Wholesale'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 Costco Wholesale's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Costco Wholesale Market Strength Events
Market strength indicators help investors to evaluate how Costco Wholesale stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Costco Wholesale shares will generate the highest return on investment. By undertsting and applying Costco Wholesale stock market strength indicators, traders can identify Costco Wholesale entry and exit signals to maximize returns.
Accumulation Distribution | 0.85 | |||
Daily Balance Of Power | (1.94) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 12314.09 | |||
Day Typical Price | 12327.11 | |||
Market Facilitation Index | 0.58 | |||
Price Action Indicator | (36.83) | |||
Period Momentum Indicator | (151.83) | |||
Relative Strength Index | 54.2 |
Costco Wholesale Risk Indicators
The analysis of Costco Wholesale'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 Costco Wholesale's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting costco 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 | 0.9397 | |||
Semi Deviation | 1.57 | |||
Standard Deviation | 1.39 | |||
Variance | 1.93 | |||
Downside Variance | 2.92 | |||
Semi Variance | 2.46 | |||
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 Costco Wholesale
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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving against Costco Stock
0.46 | SMSNN | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale 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 Costco Wholesale 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 Costco Wholesale to cross-verify your projections. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Costco Stock analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |