Zurn Elkay Stock Forecast - Mean Deviation
| ZWS Stock | USD 37.06 0.16 0.43% |
Zurn Stock Forecast is based on your current time horizon.
Zurn |
Open Interest Against 2025-01-17 Zurn Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Zurn Elkay'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 Zurn Elkay's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Zurn Elkay 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 Zurn Elkay's open interest, investors have to compare it to Zurn Elkay'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 Zurn Elkay 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 Zurn. 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.
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Zurn Elkay Trading Date Momentum
| On November 29 2024 Zurn Elkay Water was traded for 39.82 at the closing time. Highest Zurn Elkay's price during the trading hours was 40.04 and the lowest price during the day was 39.61 . The net volume was 429.1 K. The overall trading history on the 29th of November contributed to the next trading period price appreciation. The trading date delta to the next next day price was 0.35% . The trading date delta to current price is 1.03% . |
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Other Forecasting Options for Zurn Elkay
For every potential investor in Zurn, whether a beginner or expert, Zurn Elkay's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zurn Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zurn. Basic forecasting techniques help filter out the noise by identifying Zurn Elkay's price trends.Zurn Elkay 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 Zurn Elkay stock to make a market-neutral strategy. Peer analysis of Zurn Elkay could also be used in its relative valuation, which is a method of valuing Zurn Elkay by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zurn Elkay Water 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 Zurn Elkay'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 Zurn Elkay's current price.| Cycle Indicators | ||
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Zurn Elkay Market Strength Events
Market strength indicators help investors to evaluate how Zurn Elkay stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zurn Elkay shares will generate the highest return on investment. By undertsting and applying Zurn Elkay stock market strength indicators, traders can identify Zurn Elkay Water entry and exit signals to maximize returns.
Zurn Elkay Risk Indicators
The analysis of Zurn Elkay'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 Zurn Elkay's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zurn 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 | 0.9738 | |||
| Semi Deviation | 1.15 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.68 | |||
| Downside Variance | 1.53 | |||
| Semi Variance | 1.33 | |||
| Expected Short fall | (1.07) |
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.
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Additional Tools for Zurn Stock Analysis
When running Zurn Elkay's price analysis, check to measure Zurn Elkay'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 Zurn Elkay is operating at the current time. Most of Zurn Elkay's value examination focuses on studying past and present price action to predict the probability of Zurn Elkay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zurn Elkay's price. Additionally, you may evaluate how the addition of Zurn Elkay to your portfolios can decrease your overall portfolio volatility.