NVent Electric Stock Forecast - Daily Balance Of Power
| NVT Stock | USD 82.14 1.06 1.27% |
NVent Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NVent Electric stock prices and determine the direction of nVent Electric PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NVent Electric's historical fundamentals, such as revenue growth or operating cash flow patterns. Although NVent Electric's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NVent Electric's systematic risk associated with finding meaningful patterns of NVent Electric fundamentals over time.
Check out Historical Fundamental Analysis of NVent Electric to cross-verify your projections. NVent |
Open Interest Against 2024-06-21 NVent Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast NVent Electric'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 NVent Electric's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for NVent Electric 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 NVent Electric's open interest, investors have to compare it to NVent Electric'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 NVent Electric 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 NVent. 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 NVent Electric 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 NVent Electric's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NVent Electric's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of nVent Electric PLC market sensitivity to bulls and bears. It estimates the ability of NVent Electric buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring NVent Electric Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2929 | (0.02) |
| Check NVent Electric Volatility | Backtest NVent Electric | Trend Details |
NVent Electric Trading Date Momentum
| On April 12 2024 nVent Electric PLC was traded for 73.98 at the closing time. Highest NVent Electric's price during the trading hours was 74.95 and the lowest price during the day was 73.58 . The net volume was 824 K. The overall trading history on the 12th of April 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.98% . The trading date delta to current price is 1.22% . |
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 NVent Electric to competition |
Other Forecasting Options for NVent Electric
For every potential investor in NVent, whether a beginner or expert, NVent Electric's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NVent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NVent. Basic forecasting techniques help filter out the noise by identifying NVent Electric's price trends.NVent Electric 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 NVent Electric stock to make a market-neutral strategy. Peer analysis of NVent Electric could also be used in its relative valuation, which is a method of valuing NVent Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
nVent Electric PLC 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 NVent Electric'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 NVent Electric's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NVent Electric Market Strength Events
Market strength indicators help investors to evaluate how NVent Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NVent Electric shares will generate the highest return on investment. By undertsting and applying NVent Electric stock market strength indicators, traders can identify nVent Electric PLC entry and exit signals to maximize returns.
NVent Electric Risk Indicators
The analysis of NVent Electric'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 NVent Electric's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nvent 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 | 1.34 | |||
| Semi Deviation | 1.4 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 | |||
| Downside Variance | 2.97 | |||
| Semi Variance | 1.96 | |||
| Expected Short fall | (1.52) |
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 NVent Electric
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 NVent Electric 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 NVent Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with NVent Stock
| 0.82 | BE | Bloom Energy Corp Trending | PairCorr |
| 0.73 | ROBOF | RoboGroup TEK | PairCorr |
Moving against NVent Stock
| 0.7 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.67 | FCEL | FuelCell Energy Financial Report 13th of June 2024 | PairCorr |
| 0.6 | EVRC | Evercel | PairCorr |
| 0.59 | EPOW | Sunrise New Energy | PairCorr |
| 0.58 | GTI | Graphjet Technology Symbol Change | PairCorr |
The ability to find closely correlated positions to NVent Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVent Electric 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 NVent Electric - 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 nVent Electric PLC to buy it.
The correlation of NVent Electric 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 NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC 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 NVent Electric 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 NVent Electric to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for NVent Stock analysis
When running NVent Electric's price analysis, check to measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.
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Is NVent Electric'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 NVent Electric. If investors know NVent 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 NVent Electric 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 0.107 | Dividend Share 0.73 | Earnings Share 3.43 | Revenue Per Share 20.511 | Quarterly Revenue Growth 0.181 |
The market value of nVent Electric PLC is measured differently than its book value, which is the value of NVent that is recorded on the company's balance sheet. Investors also form their own opinion of NVent Electric's value that differs from its market value or its book value, called intrinsic value, which is NVent Electric'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 NVent Electric's market value can be influenced by many factors that don't directly affect NVent Electric'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 NVent Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVent Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVent Electric'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.