PennyMac Mortgage Stock Forecast - Market Facilitation Index
| PMT Stock | USD 13.68 0.03 0.22% |
PennyMac Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PennyMac Mortgage stock prices and determine the direction of PennyMac Mortgage Investment's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PennyMac Mortgage's historical fundamentals, such as revenue growth or operating cash flow patterns. Although PennyMac Mortgage's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PennyMac Mortgage's systematic risk associated with finding meaningful patterns of PennyMac Mortgage fundamentals over time.
Check out Historical Fundamental Analysis of PennyMac Mortgage to cross-verify your projections. PennyMac |
Open Interest Against 2024-06-21 PennyMac Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PennyMac Mortgage'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 PennyMac Mortgage's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PennyMac Mortgage 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 PennyMac Mortgage's open interest, investors have to compare it to PennyMac Mortgage'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 PennyMac Mortgage 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 PennyMac. 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 PennyMac Mortgage 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 PennyMac Mortgage's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PennyMac Mortgage'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 PennyMac Mortgage Volatility | Backtest PennyMac Mortgage | Information Ratio |
PennyMac Mortgage Trading Date Momentum
| On June 02 2024 PennyMac Mortgage Investment was traded for 13.68 at the closing time. Highest PennyMac Mortgage's price during the trading hours was 13.98 and the lowest price during the day was 13.63 . There was no trading activity during the period 0.0. Lack of trading volume on the 2nd of June did not cause price change. The trading delta at closing time to current price is 0.58% . |
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 PennyMac Mortgage to competition |
Other Forecasting Options for PennyMac Mortgage
For every potential investor in PennyMac, whether a beginner or expert, PennyMac Mortgage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennyMac Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennyMac. Basic forecasting techniques help filter out the noise by identifying PennyMac Mortgage's price trends.PennyMac Mortgage 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 PennyMac Mortgage stock to make a market-neutral strategy. Peer analysis of PennyMac Mortgage could also be used in its relative valuation, which is a method of valuing PennyMac Mortgage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PennyMac Mortgage Market Strength Events
Market strength indicators help investors to evaluate how PennyMac Mortgage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennyMac Mortgage shares will generate the highest return on investment. By undertsting and applying PennyMac Mortgage stock market strength indicators, traders can identify PennyMac Mortgage Investment entry and exit signals to maximize returns.
PennyMac Mortgage Risk Indicators
The analysis of PennyMac Mortgage'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 PennyMac Mortgage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennymac 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 | 1.18 | |||
| Semi Deviation | 2.09 | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.94 | |||
| Downside Variance | 4.78 | |||
| Semi Variance | 4.39 | |||
| Expected Short fall | (1.10) |
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.
Pair Trading with PennyMac Mortgage
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 PennyMac Mortgage 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 PennyMac Mortgage will appreciate offsetting losses from the drop in the long position's value.Moving together with PennyMac Stock
| 0.67 | DHIL | Diamond Hill Investment | PairCorr |
The ability to find closely correlated positions to PennyMac Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennyMac Mortgage 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 PennyMac Mortgage - 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 PennyMac Mortgage Investment to buy it.
The correlation of PennyMac Mortgage 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 PennyMac Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennyMac Mortgage 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 PennyMac Mortgage 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 PennyMac Mortgage to cross-verify your projections. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for PennyMac Stock analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.
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Is PennyMac Mortgage'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 PennyMac Mortgage. If investors know PennyMac 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 PennyMac Mortgage 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 (0.21) | Dividend Share 1.6 | Earnings Share 1.52 | Revenue Per Share 6.915 | Quarterly Revenue Growth (0.55) |
The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage'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 PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage'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 PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage'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.