MYR Stock Forecast - Period Momentum Indicator
| MYRG Stock | USD 164.82 1.43 0.86% |
MYR Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MYR stock prices and determine the direction of MYR Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MYR's historical fundamentals, such as revenue growth or operating cash flow patterns. Although MYR's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MYR's systematic risk associated with finding meaningful patterns of MYR fundamentals over time.
Check out Historical Fundamental Analysis of MYR to cross-verify your projections. MYR |
Open Interest Against 2024-05-17 MYR Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MYR'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 MYR's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MYR 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 MYR's open interest, investors have to compare it to MYR'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 MYR 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 MYR. 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.
Most investors in MYR 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 MYR's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MYR's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (1.43) | (1.43) |
| Check MYR Volatility | Backtest MYR | Information Ratio |
MYR Trading Date Momentum
| On May 01 2024 MYR Group was traded for 164.82 at the closing time. The top price for the day was 167.76 and the lowest listed price was 162.64 . The trading volume for the day was 138.6 K. The trading history from May 1, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.61% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare MYR to competition |
Other Forecasting Options for MYR
For every potential investor in MYR, whether a beginner or expert, MYR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MYR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MYR. Basic forecasting techniques help filter out the noise by identifying MYR's price trends.MYR 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 MYR stock to make a market-neutral strategy. Peer analysis of MYR could also be used in its relative valuation, which is a method of valuing MYR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MYR Group 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 MYR'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 MYR's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MYR Market Strength Events
Market strength indicators help investors to evaluate how MYR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MYR shares will generate the highest return on investment. By undertsting and applying MYR stock market strength indicators, traders can identify MYR Group entry and exit signals to maximize returns.
| Accumulation Distribution | 4231.17 | |||
| Daily Balance Of Power | (0.28) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 165.2 | |||
| Day Typical Price | 165.07 | |||
| Price Action Indicator | (1.09) | |||
| Period Momentum Indicator | (1.43) | |||
| Relative Strength Index | 51.6 |
MYR Risk Indicators
The analysis of MYR'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 MYR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myr 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 | 1.84 | |||
| Semi Deviation | 2.33 | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.19 | |||
| Downside Variance | 6.52 | |||
| Semi Variance | 5.42 | |||
| Expected Short fall | (1.81) |
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.
MYR Investors Sentiment
The influence of MYR's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MYR. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MYR's public news can be used to forecast risks associated with an investment in MYR. The trend in average sentiment can be used to explain how an investor holding MYR can time the market purely based on public headlines and social activities around MYR Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MYR's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MYR's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MYR's news discussions. The higher the estimated score, the more favorable is the investor's outlook on MYR.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MYR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MYR's short interest history, or implied volatility extrapolated from MYR options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MYR to cross-verify your projections. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for MYR Stock analysis
When running MYR's price analysis, check to measure MYR'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 MYR is operating at the current time. Most of MYR's value examination focuses on studying past and present price action to predict the probability of MYR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MYR's price. Additionally, you may evaluate how the addition of MYR to your portfolios can decrease your overall portfolio volatility.
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Is MYR's industry 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 MYR. If investors know MYR 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 MYR 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 (0.03) | Earnings Share 5.4 | Revenue Per Share 218.433 | Quarterly Revenue Growth 0.162 | Return On Assets 0.0524 |
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR'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 MYR's market value can be influenced by many factors that don't directly affect MYR'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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR'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.