Brown Forman Stock Forecast - Market Facilitation Index
| BF-B Stock | USD 48.69 0.56 1.16% |
Brown Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Brown Forman stock prices and determine the direction of Brown Forman's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Brown Forman's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Brown Forman's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Brown Forman's systematic risk associated with finding meaningful patterns of Brown Forman fundamentals over time.
Check out Historical Fundamental Analysis of Brown Forman to cross-verify your projections. Brown |
Open Interest Against 2024-05-17 Brown Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Brown Forman'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 Brown Forman's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Brown Forman stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current Brown Forman's open interest, investors have to compare it to Brown Forman'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 Brown Forman 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 Brown. 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 Brown Forman 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 Brown Forman's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Brown Forman's price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Brown Forman Volatility | Backtest Brown Forman | Information Ratio |
Brown Forman Trading Date Momentum
| On April 29 2024 Brown Forman was traded for 48.69 at the closing time. The top price for the day was 48.86 and the lowest listed price was 48.13 . The trading volume for the day was 1.4 M. The trading history from April 29, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.15% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Brown Forman to competition |
Other Forecasting Options for Brown Forman
For every potential investor in Brown, whether a beginner or expert, Brown Forman's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Brown Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Brown. Basic forecasting techniques help filter out the noise by identifying Brown Forman's price trends.Brown Forman 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 Brown Forman stock to make a market-neutral strategy. Peer analysis of Brown Forman could also be used in its relative valuation, which is a method of valuing Brown Forman by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brown Forman 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 Brown Forman'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 Brown Forman's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Brown Forman Market Strength Events
Market strength indicators help investors to evaluate how Brown Forman stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brown Forman shares will generate the highest return on investment. By undertsting and applying Brown Forman stock market strength indicators, traders can identify Brown Forman entry and exit signals to maximize returns.
Brown Forman Risk Indicators
The analysis of Brown Forman'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 Brown Forman's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brown 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 | 1.08 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.46 |
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 Brown Forman 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, Brown Forman's short interest history, or implied volatility extrapolated from Brown Forman options trading.
Pair Trading with Brown Forman
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 Brown Forman 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 Brown Forman will appreciate offsetting losses from the drop in the long position's value.Moving together with Brown Stock
| 0.74 | VINE | Fresh Grapes LLC | PairCorr |
| 0.79 | WVVI | Willamette Valley | PairCorr |
| 0.61 | DEO | Diageo PLC ADR | PairCorr |
Moving against Brown Stock
| 0.86 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.79 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.77 | STZ | Constellation Brands Financial Report 5th of July 2024 | PairCorr |
| 0.71 | LVMUY | LVMH Moet Hennessy | PairCorr |
| 0.71 | MO | Altria Group | PairCorr |
The ability to find closely correlated positions to Brown Forman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brown Forman 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 Brown Forman - 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 Brown Forman to buy it.
The correlation of Brown Forman 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 Brown Forman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brown Forman 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 Brown Forman 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 Brown Forman to cross-verify your projections. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Brown Stock analysis
When running Brown Forman's price analysis, check to measure Brown Forman'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 Brown Forman is operating at the current time. Most of Brown Forman's value examination focuses on studying past and present price action to predict the probability of Brown Forman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brown Forman's price. Additionally, you may evaluate how the addition of Brown Forman to your portfolios can decrease your overall portfolio volatility.
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