NIKE Stock Forecast is based on your current time horizon. Although NIKE's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NIKE's systematic risk associated with finding meaningful patterns of NIKE fundamentals over time.
NIKE
At this time, NIKE's Other Current Assets are very stable compared to the past year. As of the 11th of December 2024, Net Invested Capital is likely to grow to about 25.6 B, while Net Debt is likely to drop about 1.3 B.
On October 29, 2024 NIKE Inc CDR had Daily Balance Of Power of (0.22). Balance of Power indicator (or BOP) measures the strength of NIKE Inc CDR market sensitivity to bulls and bears. It estimates the ability of NIKE buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring NIKE Balance of Power indicator one can determine a trend of the price direction.
On October 30 2024 NIKE Inc CDR was traded for 14.20 at the closing time. The highest price during the trading period was 14.47 and the lowest recorded bid was listed for 14.18 . The volume for the day was 35.9 K. This history from October 30, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.47% . The trading delta at closing time to the current price is 0.41% .
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.
For every potential investor in NIKE, whether a beginner or expert, NIKE's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NIKE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NIKE. Basic forecasting techniques help filter out the noise by identifying NIKE's price trends.
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 NIKE stock to make a market-neutral strategy. Peer analysis of NIKE could also be used in its relative valuation, which is a method of valuing NIKE by comparing valuation metrics with similar companies.
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 NIKE'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 NIKE's current price.
Market strength indicators help investors to evaluate how NIKE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NIKE shares will generate the highest return on investment. By undertsting and applying NIKE stock market strength indicators, traders can identify NIKE Inc CDR entry and exit signals to maximize returns.
The analysis of NIKE'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 NIKE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nike 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.
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 NIKE
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 NIKE 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 NIKE will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE 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 NIKE - 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 NIKE Inc CDR to buy it.
The correlation of NIKE 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 NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR 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 NIKE 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.
NIKE financial ratios help investors to determine whether NIKE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NIKE with respect to the benefits of owning NIKE security.