Southwest Airlines Stock Forecast - Period Momentum Indicator
| LUV Stock | USD 28.01 0.15 0.54% |
Southwest Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Southwest Airlines stock prices and determine the direction of Southwest Airlines's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Southwest Airlines' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Southwest Airlines' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Southwest Airlines' systematic risk associated with finding meaningful patterns of Southwest Airlines fundamentals over time.
Check out Historical Fundamental Analysis of Southwest Airlines to cross-verify your projections. Southwest |
Open Interest Against 2024-05-24 Southwest Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Southwest Airlines' 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 Southwest Airlines' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Southwest Airlines 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 Southwest Airlines' open interest, investors have to compare it to Southwest Airlines' 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 Southwest Airlines 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 Southwest. 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 Southwest Airlines 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 Southwest Airlines' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Southwest Airlines' price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.10) | (0.34) |
| Check Southwest Airlines Volatility | Backtest Southwest Airlines | Trend Details |
Southwest Airlines Trading Date Momentum
| On March 18 2024 Southwest Airlines was traded for 28.01 at the closing time. Highest Southwest Airlines's price during the trading hours was 28.32 and the lowest price during the day was 27.89 . The net volume was 6.9 M. The overall trading history on the 18th of March 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.20% . The trading price change to current price is 0.28% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Southwest Airlines to competition |
Other Forecasting Options for Southwest Airlines
For every potential investor in Southwest, whether a beginner or expert, Southwest Airlines' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Southwest Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Southwest. Basic forecasting techniques help filter out the noise by identifying Southwest Airlines' price trends.Southwest Airlines 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 Southwest Airlines stock to make a market-neutral strategy. Peer analysis of Southwest Airlines could also be used in its relative valuation, which is a method of valuing Southwest Airlines by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Southwest Airlines 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 Southwest Airlines' 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 Southwest Airlines' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Southwest Airlines Market Strength Events
Market strength indicators help investors to evaluate how Southwest Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Southwest Airlines shares will generate the highest return on investment. By undertsting and applying Southwest Airlines stock market strength indicators, traders can identify Southwest Airlines entry and exit signals to maximize returns.
Southwest Airlines Risk Indicators
The analysis of Southwest Airlines' 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 Southwest Airlines' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting southwest 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 | 1.52 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.5 |
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 Southwest Airlines
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 Southwest Airlines 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 Southwest Airlines will appreciate offsetting losses from the drop in the long position's value.Moving together with Southwest Stock
| 0.73 | HA | Hawaiian Holdings | PairCorr |
| 0.68 | WERN | Werner Enterprises | PairCorr |
| 0.61 | AAL | American Airlines Financial Report 18th of July 2024 | PairCorr |
Moving against Southwest Stock
| 0.86 | AL | Air Lease | PairCorr |
| 0.83 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
| 0.78 | CR | Crane Company | PairCorr |
| 0.73 | ALK | Alaska Air Group Financial Report 23rd of July 2024 | PairCorr |
| 0.73 | CW | Curtiss Wright | PairCorr |
The ability to find closely correlated positions to Southwest Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southwest Airlines 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 Southwest Airlines - 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 Southwest Airlines to buy it.
The correlation of Southwest Airlines 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 Southwest Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southwest Airlines 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 Southwest Airlines 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 Southwest Airlines to cross-verify your projections. For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Southwest Stock analysis
When running Southwest Airlines' price analysis, check to measure Southwest Airlines' 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 Southwest Airlines is operating at the current time. Most of Southwest Airlines' value examination focuses on studying past and present price action to predict the probability of Southwest Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Airlines' price. Additionally, you may evaluate how the addition of Southwest Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Southwest Airlines' 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 Southwest Airlines. If investors know Southwest 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 Southwest Airlines 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 (0.30) | Dividend Share 0.72 | Earnings Share 0.64 | Revenue Per Share 44.841 | Quarterly Revenue Growth 0.109 |
The market value of Southwest Airlines is measured differently than its book value, which is the value of Southwest that is recorded on the company's balance sheet. Investors also form their own opinion of Southwest Airlines' value that differs from its market value or its book value, called intrinsic value, which is Southwest Airlines' 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 Southwest Airlines' market value can be influenced by many factors that don't directly affect Southwest Airlines' 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 Southwest Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southwest Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southwest Airlines' 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.