HP Stock Forecast - Daily Balance Of Power
| HPQ Stock | USD 31.19 0.12 0.39% |
HP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast HP stock prices and determine the direction of HP Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of HP's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of HP to cross-verify your projections. HP |
Most investors in HP 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 HP's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets HP's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of HP Inc market sensitivity to bulls and bears. It estimates the ability of HP buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring HP Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.82) | (0.39) |
| Check HP Volatility | Backtest HP | Trend Details |
HP Trading Date Momentum
| On April 17 2024 HP Inc was traded for 27.69 at the closing time. Highest HP's price during the trading hours was 28.21 and the lowest price during the day was 27.63 . The net volume was 6.1 M. The overall trading history on the 17th of April 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.36% . The trading delta at closing time to current price is 0.76% . |
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 HP to competition |
Other Forecasting Options for HP
For every potential investor in HP, whether a beginner or expert, HP's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. HP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in HP. Basic forecasting techniques help filter out the noise by identifying HP's price trends.HP 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 HP stock to make a market-neutral strategy. Peer analysis of HP could also be used in its relative valuation, which is a method of valuing HP by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
HP Inc 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 HP'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 HP's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
HP Market Strength Events
Market strength indicators help investors to evaluate how HP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HP shares will generate the highest return on investment. By undertsting and applying HP stock market strength indicators, traders can identify HP Inc entry and exit signals to maximize returns.
HP Risk Indicators
The analysis of HP'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 HP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hp 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 | 1.13 | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.91 | |||
| Downside Variance | 1.63 | |||
| Semi Variance | 1.27 | |||
| Expected Short fall | (1.12) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of HP to cross-verify your projections. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for HP Stock analysis
When running HP's price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is HP'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 HP. If investors know HP 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 HP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP'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 HP's market value can be influenced by many factors that don't directly affect HP'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 HP's value and its price as these two are different measures arrived at by different means. Investors typically determine if HP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP'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.