RLI Corp Stock Forecast - Relative Strength Index
| RLI Stock | USD 141.35 0.68 0.48% |
RLI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RLI Corp stock prices and determine the direction of RLI Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of RLI Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although RLI Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of RLI Corp's systematic risk associated with finding meaningful patterns of RLI Corp fundamentals over time.
Check out Historical Fundamental Analysis of RLI Corp to cross-verify your projections. RLI |
Open Interest Against 2024-05-17 RLI Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast RLI Corp'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 RLI Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for RLI Corp 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 RLI Corp's open interest, investors have to compare it to RLI Corp'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 RLI Corp 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 RLI. 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 RLI Corp 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 RLI Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets RLI Corp's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 45.86 | 45.86 |
| Check RLI Corp Volatility | Backtest RLI Corp | Information Ratio |
RLI Corp Trading Date Momentum
| On April 30 2024 RLI Corp was traded for 141.35 at the closing time. Highest RLI Corp's price during the trading hours was 142.33 and the lowest price during the day was 140.75 . The net volume was 170.6 K. The overall trading history on the 30th of April did not cause price change. The trading delta at closing time to current price is 0.63% . |
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Other Forecasting Options for RLI Corp
For every potential investor in RLI, whether a beginner or expert, RLI Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RLI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RLI. Basic forecasting techniques help filter out the noise by identifying RLI Corp's price trends.RLI Corp 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 RLI Corp stock to make a market-neutral strategy. Peer analysis of RLI Corp could also be used in its relative valuation, which is a method of valuing RLI Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RLI Corp 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 RLI Corp'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 RLI Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
RLI Corp Market Strength Events
Market strength indicators help investors to evaluate how RLI Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RLI Corp shares will generate the highest return on investment. By undertsting and applying RLI Corp stock market strength indicators, traders can identify RLI Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 1893.75 | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 141.54 | |||
| Day Typical Price | 141.48 | |||
| Price Action Indicator | (0.53) | |||
| Period Momentum Indicator | (0.68) | |||
| Relative Strength Index | 45.86 |
RLI Corp Risk Indicators
The analysis of RLI Corp'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 RLI Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rli 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 | 0.8255 | |||
| Semi Deviation | 0.9416 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.18 | |||
| Downside Variance | 1.02 | |||
| Semi Variance | 0.8867 | |||
| Expected Short fall | (0.86) |
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.
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 RLI Corp 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, RLI Corp's short interest history, or implied volatility extrapolated from RLI Corp options trading.
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When determining whether RLI Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RLI Corp'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 Rli Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rli Corp Stock:Check out Historical Fundamental Analysis of RLI Corp to cross-verify your projections. For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for RLI Stock analysis
When running RLI Corp's price analysis, check to measure RLI Corp'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 RLI Corp is operating at the current time. Most of RLI Corp's value examination focuses on studying past and present price action to predict the probability of RLI Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLI Corp's price. Additionally, you may evaluate how the addition of RLI Corp to your portfolios can decrease your overall portfolio volatility.
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Is RLI Corp'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 RLI Corp. If investors know RLI 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 RLI Corp 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 0.288 | Dividend Share 1.08 | Earnings Share 7.23 | Revenue Per Share 34.884 | Quarterly Revenue Growth 0.219 |
The market value of RLI Corp is measured differently than its book value, which is the value of RLI that is recorded on the company's balance sheet. Investors also form their own opinion of RLI Corp's value that differs from its market value or its book value, called intrinsic value, which is RLI Corp'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 RLI Corp's market value can be influenced by many factors that don't directly affect RLI Corp'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 RLI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if RLI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RLI Corp'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.