PetIQ Stock Forecast - Market Facilitation Index
| PETQ Stock | USD 16.42 0.11 0.67% |
PetIQ Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PetIQ stock prices and determine the direction of PetIQ Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PetIQ's historical fundamentals, such as revenue growth or operating cash flow patterns. Although PetIQ's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PetIQ's systematic risk associated with finding meaningful patterns of PetIQ fundamentals over time.
Check out Historical Fundamental Analysis of PetIQ to cross-verify your projections. PetIQ |
Open Interest Against 2024-05-17 PetIQ Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PetIQ'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 PetIQ's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PetIQ 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 PetIQ's open interest, investors have to compare it to PetIQ'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 PetIQ 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 PetIQ. 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.
Most investors in PetIQ 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 PetIQ's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PetIQ's price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check PetIQ Volatility | Backtest PetIQ | Information Ratio |
PetIQ Trading Date Momentum
| On April 29 2024 PetIQ Inc was traded for 16.42 at the closing time. The top price for the day was 16.90 and the lowest listed price was 16.26 . The trading volume for the day was 168.8 K. The trading history from April 29, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.40% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare PetIQ to competition |
Other Forecasting Options for PetIQ
For every potential investor in PetIQ, whether a beginner or expert, PetIQ's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PetIQ Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PetIQ. Basic forecasting techniques help filter out the noise by identifying PetIQ's price trends.PetIQ 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 PetIQ stock to make a market-neutral strategy. Peer analysis of PetIQ could also be used in its relative valuation, which is a method of valuing PetIQ by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PetIQ Inc 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 PetIQ'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 PetIQ's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PetIQ Market Strength Events
Market strength indicators help investors to evaluate how PetIQ stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PetIQ shares will generate the highest return on investment. By undertsting and applying PetIQ stock market strength indicators, traders can identify PetIQ Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 6391.82 | |||
| Daily Balance Of Power | (0.17) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 16.58 | |||
| Day Typical Price | 16.53 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.11) | |||
| Relative Strength Index | 44.08 |
PetIQ Risk Indicators
The analysis of PetIQ'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 PetIQ's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting petiq 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 | 1.86 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.53 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PetIQ in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PetIQ's short interest history, or implied volatility extrapolated from PetIQ options trading.
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Check out Historical Fundamental Analysis of PetIQ to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for PetIQ Stock analysis
When running PetIQ's price analysis, check to measure PetIQ'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 PetIQ is operating at the current time. Most of PetIQ's value examination focuses on studying past and present price action to predict the probability of PetIQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetIQ's price. Additionally, you may evaluate how the addition of PetIQ to your portfolios can decrease your overall portfolio volatility.
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Is PetIQ'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 PetIQ. If investors know PetIQ 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 PetIQ 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 1.023 | Earnings Share 0.07 | Revenue Per Share 37.823 | Quarterly Revenue Growth 0.195 | Return On Assets 0.04 |
The market value of PetIQ Inc is measured differently than its book value, which is the value of PetIQ that is recorded on the company's balance sheet. Investors also form their own opinion of PetIQ's value that differs from its market value or its book value, called intrinsic value, which is PetIQ'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 PetIQ's market value can be influenced by many factors that don't directly affect PetIQ'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 PetIQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if PetIQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PetIQ'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.