Cavco Industries Stock Forecast - Relative Strength Index
| CVCO Stock | USD 497.01 2.99 0.60% |
Cavco Stock Forecast is based on your current time horizon. Although Cavco Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cavco Industries' systematic risk associated with finding meaningful patterns of Cavco Industries fundamentals over time.
Cavco |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 72.34 | 72.34 |
| Check Cavco Industries Volatility | Backtest Cavco Industries | Information Ratio |
Cavco Industries Trading Date Momentum
| On December 11 2024 Cavco Industries was traded for 497.01 at the closing time. The top price for the day was 506.99 and the lowest listed price was 495.78 . The trading volume for the day was 38.5 K. The trading history from December 11, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.01% . |
| Compare Cavco Industries to competition |
Other Forecasting Options for Cavco Industries
For every potential investor in Cavco, whether a beginner or expert, Cavco Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cavco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cavco. Basic forecasting techniques help filter out the noise by identifying Cavco Industries' price trends.Cavco Industries 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 Cavco Industries stock to make a market-neutral strategy. Peer analysis of Cavco Industries could also be used in its relative valuation, which is a method of valuing Cavco Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cavco Industries 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 Cavco Industries' 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 Cavco Industries' current price.| Cycle Indicators | ||
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| Volume Indicators |
Cavco Industries Market Strength Events
Market strength indicators help investors to evaluate how Cavco Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cavco Industries shares will generate the highest return on investment. By undertsting and applying Cavco Industries stock market strength indicators, traders can identify Cavco Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 850.5 | |||
| Daily Balance Of Power | (0.27) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 501.39 | |||
| Day Typical Price | 499.93 | |||
| Market Facilitation Index | 3.0E-4 | |||
| Price Action Indicator | (5.87) | |||
| Period Momentum Indicator | (2.99) | |||
| Relative Strength Index | 72.34 |
Cavco Industries Risk Indicators
The analysis of Cavco Industries' 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 Cavco Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cavco 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 | 1.58 | |||
| Semi Deviation | 1.33 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.66 | |||
| Downside Variance | 2.52 | |||
| Semi Variance | 1.77 | |||
| Expected Short fall | (1.94) |
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 Cavco Industries
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 Cavco Industries 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 Cavco Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Cavco Stock
Moving against Cavco Stock
| 0.72 | JXJT | JX Luxventure Limited | PairCorr |
| 0.68 | DHI | DR Horton | PairCorr |
| 0.63 | VNCE | Vince Holding Corp | PairCorr |
| 0.62 | DOOO | BRP Inc | PairCorr |
| 0.6 | CRI | Carters | PairCorr |
The ability to find closely correlated positions to Cavco Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavco Industries 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 Cavco Industries - 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 Cavco Industries to buy it.
The correlation of Cavco Industries 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 Cavco Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cavco Industries 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 Cavco Industries 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 Cavco Industries to cross-verify your projections. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Household Durables space 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 Cavco Industries. If investors know Cavco 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 Cavco Industries 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 0.109 | Earnings Share 17.7 | Revenue Per Share 223.038 | Quarterly Revenue Growth 0.123 | Return On Assets 0.0739 |
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' 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 Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' 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 Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' 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.