Shoe Carnival Stock Forecast - Daily Balance Of Power
| SCVL Stock | USD 33.44 0.73 2.14% |
Shoe Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Shoe Carnival stock prices and determine the direction of Shoe Carnival's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Shoe Carnival's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Shoe Carnival to cross-verify your projections. Shoe |
Most investors in Shoe Carnival 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 Shoe Carnival's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Shoe Carnival's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Shoe Carnival market sensitivity to bulls and bears. It estimates the ability of Shoe Carnival buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Shoe Carnival Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.55) | (1.11) |
| Check Shoe Carnival Volatility | Backtest Shoe Carnival | Information Ratio |
Shoe Carnival Trading Date Momentum
| On May 01 2024 Shoe Carnival was traded for 33.44 at the closing time. The top price for the day was 34.09 and the lowest listed price was 33.43 . There was no trading activity during the period 0.0. Lack of trading volume on May 1, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 1.08% . |
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 Shoe Carnival to competition |
Other Forecasting Options for Shoe Carnival
For every potential investor in Shoe, whether a beginner or expert, Shoe Carnival's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shoe Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shoe. Basic forecasting techniques help filter out the noise by identifying Shoe Carnival's price trends.Shoe Carnival 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 Shoe Carnival stock to make a market-neutral strategy. Peer analysis of Shoe Carnival could also be used in its relative valuation, which is a method of valuing Shoe Carnival by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shoe Carnival 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 Shoe Carnival'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 Shoe Carnival's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Shoe Carnival Market Strength Events
Market strength indicators help investors to evaluate how Shoe Carnival stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shoe Carnival shares will generate the highest return on investment. By undertsting and applying Shoe Carnival stock market strength indicators, traders can identify Shoe Carnival entry and exit signals to maximize returns.
Shoe Carnival Risk Indicators
The analysis of Shoe Carnival'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 Shoe Carnival's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shoe 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 | |||
| Semi Deviation | 1.56 | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.26 | |||
| Downside Variance | 3.25 | |||
| Semi Variance | 2.45 | |||
| Expected Short fall | (2.35) |
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.
Currently Active Assets on Macroaxis
When determining whether Shoe Carnival is a strong investment it is important to analyze Shoe Carnival's 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 Shoe Carnival's future performance. For an informed investment choice regarding Shoe Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Shoe Carnival to cross-verify your projections. For more information on how to buy Shoe Stock please use our How to buy in Shoe Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Shoe Stock analysis
When running Shoe Carnival's price analysis, check to measure Shoe Carnival'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 Shoe Carnival is operating at the current time. Most of Shoe Carnival's value examination focuses on studying past and present price action to predict the probability of Shoe Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoe Carnival's price. Additionally, you may evaluate how the addition of Shoe Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Shoe Carnival'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 Shoe Carnival. If investors know Shoe 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 Shoe Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Shoe Carnival is measured differently than its book value, which is the value of Shoe that is recorded on the company's balance sheet. Investors also form their own opinion of Shoe Carnival's value that differs from its market value or its book value, called intrinsic value, which is Shoe Carnival'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 Shoe Carnival's market value can be influenced by many factors that don't directly affect Shoe Carnival'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 Shoe Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shoe Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shoe Carnival'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.