McCormick Company Etf Forecast - Price Action Indicator
| MKC Etf | USD 73.64 0.36 0.49% |
McCormick Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast McCormick Company stock prices and determine the direction of McCormick Company Incorporated's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of McCormick Company's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of McCormick Company to cross-verify your projections. McCormick |
Open Interest Against 2024-06-21 McCormick Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast McCormick Company'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 McCormick Company's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for McCormick Company 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 McCormick Company's open interest, investors have to compare it to McCormick Company'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 McCormick Company 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 McCormick. 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 McCormick Company cannot accurately predict what will happen the next trading day because, historically, etf 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 McCormick Company's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets McCormick Company's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (1.09) | (1.47) |
| Check McCormick Company Volatility | Backtest McCormick Company | Trend Details |
McCormick Company Trading Date Momentum
| On January 08 2024 McCormick Company Incorporated was traded for 66.85 at the closing time. Highest McCormick Company's price during the trading hours was 67.53 and the lowest price during the day was 66.76 . The net volume was 1.8 M. The overall trading history on the 8th of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.03% . The trading delta at closing time to current price is 0.12% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for McCormick Company
For every potential investor in McCormick, whether a beginner or expert, McCormick Company's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. McCormick Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in McCormick. Basic forecasting techniques help filter out the noise by identifying McCormick Company's price trends.McCormick Company 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 McCormick Company etf to make a market-neutral strategy. Peer analysis of McCormick Company could also be used in its relative valuation, which is a method of valuing McCormick Company by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
McCormick Company Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of McCormick Company'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 McCormick Company's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
McCormick Company Market Strength Events
Market strength indicators help investors to evaluate how McCormick Company etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading McCormick Company shares will generate the highest return on investment. By undertsting and applying McCormick Company etf market strength indicators, traders can identify McCormick Company Incorporated entry and exit signals to maximize returns.
McCormick Company Risk Indicators
The analysis of McCormick Company'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 McCormick Company's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mccormick etf 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 | 0.9209 | |||
| Semi Deviation | 0.9506 | |||
| Standard Deviation | 1.64 | |||
| Variance | 2.67 | |||
| Downside Variance | 1.19 | |||
| Semi Variance | 0.9037 | |||
| Expected Short fall | (1.06) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of McCormick Company to cross-verify your projections. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of McCormick Company is measured differently than its book value, which is the value of McCormick that is recorded on the company's balance sheet. Investors also form their own opinion of McCormick Company's value that differs from its market value or its book value, called intrinsic value, which is McCormick Company'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 McCormick Company's market value can be influenced by many factors that don't directly affect McCormick Company'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 McCormick Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if McCormick Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McCormick Company'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.