Hydrofarm Holdings Group Stock Momentum Indicators Minus Directional Movement

HYFM Stock  USD 0.70  0.02  2.94%   
Hydrofarm Holdings momentum indicators tool provides the execution environment for running the Minus Directional Movement indicator and other technical functions against Hydrofarm Holdings. Hydrofarm Holdings value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Minus Directional Movement indicator function is designed to identify and follow existing trends. Momentum indicators of Hydrofarm Holdings are pattern recognition functions that provide distinct formation on Hydrofarm Holdings potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Minus Directional Movement indicator shows the difference between two consecutive lows of Hydrofarm Holdings price series.

Hydrofarm Holdings Technical Analysis Modules

Most technical analysis of Hydrofarm Holdings help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hydrofarm from various momentum indicators to cycle indicators. When you analyze Hydrofarm charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Hydrofarm Holdings Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hydrofarm Holdings Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hydrofarm Holdings Group based on widely used predictive technical indicators. In general, we focus on analyzing Hydrofarm Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hydrofarm Holdings's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Hydrofarm Holdings's intrinsic value. In addition to deriving basic predictive indicators for Hydrofarm Holdings, we also check how macroeconomic factors affect Hydrofarm Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 (projected)
Days Sales Outstanding32.0618.2527.21
PTB Ratio1.780.20.14
Hype
Prediction
LowEstimatedHigh
0.030.705.08
Details
Intrinsic
Valuation
LowRealHigh
0.040.885.26
Details
Naive
Forecast
LowNextHigh
0.010.574.95
Details
2 Analysts
Consensus
LowTargetHigh
1.071.181.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hydrofarm Holdings. Your research has to be compared to or analyzed against Hydrofarm Holdings' peers to derive any actionable benefits. When done correctly, Hydrofarm Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hydrofarm Holdings.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Hydrofarm Holdings pair trading

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 Hydrofarm Holdings 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 Hydrofarm Holdings will appreciate offsetting losses from the drop in the long position's value.

Hydrofarm Holdings Pair Trading

Hydrofarm Holdings Group Pair Trading Analysis

The ability to find closely correlated positions to Hydrofarm Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydrofarm Holdings 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 Hydrofarm Holdings - 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 Hydrofarm Holdings Group to buy it.
The correlation of Hydrofarm Holdings 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 Hydrofarm Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydrofarm Holdings 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 Hydrofarm Holdings 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 Hydrofarm Holdings is a strong investment it is important to analyze Hydrofarm Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hydrofarm Holdings' future performance. For an informed investment choice regarding Hydrofarm Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hydrofarm Holdings Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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 Hydrofarm Holdings. If investors know Hydrofarm 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 Hydrofarm Holdings 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
3.625
Earnings Share
(1.40)
Revenue Per Share
4.361
Quarterly Revenue Growth
(0.19)
Return On Assets
(0.04)
The market value of Hydrofarm Holdings is measured differently than its book value, which is the value of Hydrofarm that is recorded on the company's balance sheet. Investors also form their own opinion of Hydrofarm Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hydrofarm Holdings' 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 Hydrofarm Holdings' market value can be influenced by many factors that don't directly affect Hydrofarm Holdings' 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 Hydrofarm Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hydrofarm Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hydrofarm Holdings' 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.