Caseys General Stock Forecast - Relative Strength Index
| CASY Stock | USD 318.66 0.92 0.29% |
Caseys Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Caseys General stock prices and determine the direction of Caseys General Stores's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Caseys General's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Caseys General's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Caseys General's systematic risk associated with finding meaningful patterns of Caseys General fundamentals over time.
Check out Historical Fundamental Analysis of Caseys General to cross-verify your projections. Caseys |
Open Interest Against 2024-05-17 Caseys Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Caseys General'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 Caseys General's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Caseys General 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 Caseys General's open interest, investors have to compare it to Caseys General'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 Caseys General 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 Caseys. 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 Caseys General 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 Caseys General's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Caseys General's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Caseys General Volatility | Backtest Caseys General | Information Ratio |
Caseys General Trading Date Momentum
| On May 01 2024 Caseys General Stores was traded for 318.66 at the closing time. The top price for the day was 321.47 and the lowest listed price was 318.21 . The trading volume for the day was 277.1 K. The trading history from May 1, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.03% . |
| Compare Caseys General to competition |
Other Forecasting Options for Caseys General
For every potential investor in Caseys, whether a beginner or expert, Caseys General's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Caseys Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Caseys. Basic forecasting techniques help filter out the noise by identifying Caseys General's price trends.Caseys General 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 Caseys General stock to make a market-neutral strategy. Peer analysis of Caseys General could also be used in its relative valuation, which is a method of valuing Caseys General by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Caseys General Stores 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 Caseys General'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 Caseys General's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Caseys General Market Strength Events
Market strength indicators help investors to evaluate how Caseys General stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Caseys General shares will generate the highest return on investment. By undertsting and applying Caseys General stock market strength indicators, traders can identify Caseys General Stores entry and exit signals to maximize returns.
| Accumulation Distribution | 2809.95 | |||
| Daily Balance Of Power | (0.28) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 319.84 | |||
| Day Typical Price | 319.45 | |||
| Price Action Indicator | (1.64) | |||
| Period Momentum Indicator | (0.92) |
Caseys General Risk Indicators
The analysis of Caseys General'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 Caseys General's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting caseys 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 | 0.9998 | |||
| Semi Deviation | 1.43 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 | |||
| Downside Variance | 2.84 | |||
| Semi Variance | 2.04 | |||
| Expected Short fall | (1.07) |
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.
Caseys General Investors Sentiment
The influence of Caseys General'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 Caseys. 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 Caseys General's public news can be used to forecast risks associated with an investment in Caseys. The trend in average sentiment can be used to explain how an investor holding Caseys can time the market purely based on public headlines and social activities around Caseys General Stores. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Caseys General'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 Caseys General'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 Caseys General's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Caseys General.
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 Caseys General 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, Caseys General's short interest history, or implied volatility extrapolated from Caseys General options trading.
Pair Trading with Caseys General
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 Caseys General 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 Caseys General will appreciate offsetting losses from the drop in the long position's value.Moving together with Caseys Stock
| 0.91 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.66 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.76 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.87 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against Caseys Stock
| 0.87 | HFFG | Hf Foods Group | PairCorr |
| 0.81 | IMKTA | Ingles Markets rporated Earnings Call Today | PairCorr |
| 0.76 | WBA | Walgreens Boots Alliance Financial Report 25th of June 2024 | PairCorr |
| 0.69 | YI | 111 Inc | PairCorr |
| 0.67 | WBUY | WEBUY GLOBAL LTD | PairCorr |
The ability to find closely correlated positions to Caseys General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caseys General 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 Caseys General - 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 Caseys General Stores to buy it.
The correlation of Caseys General 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 Caseys General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caseys General Stores 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 Caseys General 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 Caseys General to cross-verify your projections. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Caseys Stock analysis
When running Caseys General's price analysis, check to measure Caseys General'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 Caseys General is operating at the current time. Most of Caseys General's value examination focuses on studying past and present price action to predict the probability of Caseys General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caseys General's price. Additionally, you may evaluate how the addition of Caseys General to your portfolios can decrease your overall portfolio volatility.
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Is Caseys General'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 Caseys General. If investors know Caseys 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 Caseys General 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 (0.13) | Dividend Share 1.67 | Earnings Share 12.58 | Revenue Per Share 391.946 | Quarterly Revenue Growth (0) |
The market value of Caseys General Stores is measured differently than its book value, which is the value of Caseys that is recorded on the company's balance sheet. Investors also form their own opinion of Caseys General's value that differs from its market value or its book value, called intrinsic value, which is Caseys General'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 Caseys General's market value can be influenced by many factors that don't directly affect Caseys General'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 Caseys General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caseys General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caseys General'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.