Enpro Industries Stock Forecast - Daily Balance Of Power

NPO Stock  USD 194.29  1.29  0.67%   
Enpro Stock Forecast is based on your current time horizon. Although Enpro Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Enpro Industries' systematic risk associated with finding meaningful patterns of Enpro Industries fundamentals over time.
  
At this time, Enpro Industries' Inventory Turnover is very stable compared to the past year. As of the 9th of December 2024, Payables Turnover is likely to grow to 10.53, while Receivables Turnover is likely to drop 4.60. . As of the 9th of December 2024, Common Stock Shares Outstanding is likely to grow to about 23.5 M. Also, Net Income Applicable To Common Shares is likely to grow to about 247.7 M.

Open Interest Against 2024-12-20 Enpro Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Enpro Industries' 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 Enpro Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Enpro Industries 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 Enpro Industries' open interest, investors have to compare it to Enpro Industries' 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 Enpro Industries 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 Enpro. 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.
On June 14, 2023 Enpro Industries had Daily Balance Of Power of 0.5814. Balance of Power indicator (or BOP) measures the strength of Enpro Industries market sensitivity to bulls and bears. It estimates the ability of Enpro Industries buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Enpro Industries Balance of Power indicator one can determine a trend of the price direction.
Check Enpro Industries VolatilityBacktest Enpro IndustriesTrend Details  

Enpro Industries Trading Date Momentum

On June 15 2023 Enpro Industries was traded for  125.11  at the closing time. Highest Enpro Industries's price during the trading hours was 125.17  and the lowest price during the day was  122.25 . The net volume was 176 K. The overall trading history on the 15th of June 2023 contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.72% . The overall trading delta to current price is 1.53% .
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 Enpro Industries to competition

Other Forecasting Options for Enpro Industries

For every potential investor in Enpro, whether a beginner or expert, Enpro Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enpro Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enpro. Basic forecasting techniques help filter out the noise by identifying Enpro Industries' price trends.

Enpro 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 Enpro Industries stock to make a market-neutral strategy. Peer analysis of Enpro Industries could also be used in its relative valuation, which is a method of valuing Enpro Industries by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Enpro 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 Enpro 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 Enpro Industries' current price.

Enpro Industries Market Strength Events

Market strength indicators help investors to evaluate how Enpro 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 Enpro Industries shares will generate the highest return on investment. By undertsting and applying Enpro Industries stock market strength indicators, traders can identify Enpro Industries entry and exit signals to maximize returns.

Enpro Industries Risk Indicators

The analysis of Enpro 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 Enpro Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enpro 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 Enpro 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 Enpro 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 Enpro Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enpro Stock

  0.83CR Crane CompanyPairCorr
  0.82HI HillenbrandPairCorr
  0.73IR Ingersoll RandPairCorr

Moving against Enpro Stock

  0.72CYD China Yuchai InternaPairCorr
  0.35AOS Smith AOPairCorr
  0.34RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Enpro 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 Enpro 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 Enpro 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 Enpro Industries to buy it.
The correlation of Enpro 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 Enpro Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enpro 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 Enpro 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.
Pair CorrelationCorrelation Matching
When determining whether Enpro Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enpro Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enpro Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enpro Industries Stock:
Check out Historical Fundamental Analysis of Enpro Industries to cross-verify your projections.
To learn how to invest in Enpro Stock, please use our How to Invest in Enpro Industries guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Industrial Machinery & Supplies & Components 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 Enpro Industries. If investors know Enpro 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 Enpro 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
1.41
Dividend Share
1.19
Earnings Share
2.57
Revenue Per Share
49.554
Quarterly Revenue Growth
0.041
The market value of Enpro Industries is measured differently than its book value, which is the value of Enpro that is recorded on the company's balance sheet. Investors also form their own opinion of Enpro Industries' value that differs from its market value or its book value, called intrinsic value, which is Enpro 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 Enpro Industries' market value can be influenced by many factors that don't directly affect Enpro 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 Enpro Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enpro Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enpro 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.