Entergy New Stock Forecast - Accumulation Distribution
| ENJ Stock | USD 21.50 0.10 0.47% |
Entergy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Entergy New stock prices and determine the direction of Entergy New Orleans's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Entergy New's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Entergy New's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Entergy New's systematic risk associated with finding meaningful patterns of Entergy New fundamentals over time.
Check out Historical Fundamental Analysis of Entergy New to cross-verify your projections. Entergy |
Most investors in Entergy New cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Entergy New's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Entergy New's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Entergy New is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Entergy New Orleans to determine if accumulation or reduction is taking place in the market. This value is adjusted by Entergy New trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 26.13 | 19.66 |
| Check Entergy New Volatility | Backtest Entergy New | Information Ratio |
Entergy New Trading Date Momentum
| On May 02 2024 Entergy New Orleans was traded for 21.50 at the closing time. Highest Entergy New's price during the trading hours was 21.62 and the lowest price during the day was 21.45 . The net volume was 2.5 K. The overall trading history on the 2nd of May did not affect price variability. The overall trading delta to current price is 0.09% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Entergy New to competition |
Other Forecasting Options for Entergy New
For every potential investor in Entergy, whether a beginner or expert, Entergy New's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Entergy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Entergy. Basic forecasting techniques help filter out the noise by identifying Entergy New's price trends.Entergy New 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 Entergy New stock to make a market-neutral strategy. Peer analysis of Entergy New could also be used in its relative valuation, which is a method of valuing Entergy New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Entergy New Orleans 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 Entergy New'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 Entergy New's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Entergy New Market Strength Events
Market strength indicators help investors to evaluate how Entergy New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Entergy New shares will generate the highest return on investment. By undertsting and applying Entergy New stock market strength indicators, traders can identify Entergy New Orleans entry and exit signals to maximize returns.
Entergy New Risk Indicators
The analysis of Entergy New'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 Entergy New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting entergy 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 | 0.6446 | |||
| Standard Deviation | 0.9366 | |||
| Variance | 0.8772 |
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 Entergy New
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 Entergy New 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 Entergy New will appreciate offsetting losses from the drop in the long position's value.Moving together with Entergy Stock
| 0.89 | DUKB | Duke Energy Corp | PairCorr |
| 0.85 | DTW | DTE Energy | PairCorr |
Moving against Entergy Stock
| 0.52 | ED | Consolidated Edison | PairCorr |
| 0.51 | AY | Atlantica Sustainable Earnings Call Tomorrow | PairCorr |
| 0.49 | VVPR | VivoPower International | PairCorr |
| 0.42 | SO | Southern | PairCorr |
The ability to find closely correlated positions to Entergy New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy New 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 Entergy New - 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 Entergy New Orleans to buy it.
The correlation of Entergy New 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 Entergy New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy New Orleans 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 Entergy New 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 Entergy New to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Entergy Stock analysis
When running Entergy New's price analysis, check to measure Entergy New'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 Entergy New is operating at the current time. Most of Entergy New's value examination focuses on studying past and present price action to predict the probability of Entergy New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy New's price. Additionally, you may evaluate how the addition of Entergy New to your portfolios can decrease your overall portfolio volatility.
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Is Entergy New's industry 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 Entergy New. If investors know Entergy 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 Entergy New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.1183 |
The market value of Entergy New Orleans is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy New's value that differs from its market value or its book value, called intrinsic value, which is Entergy New's 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 Entergy New's market value can be influenced by many factors that don't directly affect Entergy New's 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 Entergy New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy New's 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.