Oil Dri Stock Forecast - Daily Balance Of Power
| ODC Stock | USD 73.38 2.56 3.61% |
Oil Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Oil Dri stock prices and determine the direction of Oil Dri's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Oil Dri's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Oil Dri's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Oil Dri's systematic risk associated with finding meaningful patterns of Oil Dri fundamentals over time.
Check out Historical Fundamental Analysis of Oil Dri to cross-verify your projections. Oil |
Most investors in Oil Dri 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 Oil Dri's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Oil Dri's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Oil Dri market sensitivity to bulls and bears. It estimates the ability of Oil Dri buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Oil Dri Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.9022 | 1.137778 |
| Check Oil Dri Volatility | Backtest Oil Dri | Information Ratio |
Oil Dri Trading Date Momentum
| On May 04 2024 Oil Dri was traded for 73.38 at the closing time. Highest Oil Dri's price during the trading hours was 73.46 and the lowest price during the day was 71.21 . There was no trading activity during the period 0.0. Lack of trading volume on the 4th of May did not cause price change. The trading delta at closing time to current price is 2.77% . |
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 Oil Dri to competition |
Other Forecasting Options for Oil Dri
For every potential investor in Oil, whether a beginner or expert, Oil Dri's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Oil Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Oil. Basic forecasting techniques help filter out the noise by identifying Oil Dri's price trends.Oil Dri 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 Oil Dri stock to make a market-neutral strategy. Peer analysis of Oil Dri could also be used in its relative valuation, which is a method of valuing Oil Dri by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oil Dri 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 Oil Dri'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 Oil Dri's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Oil Dri Market Strength Events
Market strength indicators help investors to evaluate how Oil Dri stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oil Dri shares will generate the highest return on investment. By undertsting and applying Oil Dri stock market strength indicators, traders can identify Oil Dri entry and exit signals to maximize returns.
Oil Dri Risk Indicators
The analysis of Oil Dri'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 Oil Dri's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oil 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 | 1.62 | |||
| Semi Deviation | 1.78 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.34 | |||
| Downside Variance | 3.64 | |||
| Semi Variance | 3.15 | |||
| Expected Short fall | (1.89) |
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 Oil Dri 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, Oil Dri's short interest history, or implied volatility extrapolated from Oil Dri options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Oil Dri to cross-verify your projections. For information on how to trade Oil Stock refer to our How to Trade Oil Stock guide.Note that the Oil Dri information on this page should be used as a complementary analysis to other Oil Dri's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Oil Stock analysis
When running Oil Dri's price analysis, check to measure Oil Dri'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 Oil Dri is operating at the current time. Most of Oil Dri's value examination focuses on studying past and present price action to predict the probability of Oil Dri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil Dri's price. Additionally, you may evaluate how the addition of Oil Dri to your portfolios can decrease your overall portfolio volatility.
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Is Oil Dri'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 Oil Dri. If investors know Oil 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 Oil Dri 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 1.252 | Dividend Share 1.15 | Earnings Share 5.98 | Revenue Per Share 63.107 | Quarterly Revenue Growth 0.039 |
The market value of Oil Dri is measured differently than its book value, which is the value of Oil that is recorded on the company's balance sheet. Investors also form their own opinion of Oil Dri's value that differs from its market value or its book value, called intrinsic value, which is Oil Dri'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 Oil Dri's market value can be influenced by many factors that don't directly affect Oil Dri'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 Oil Dri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Dri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Dri'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.