BG Staffing Stock Forecast - Coefficient Of Variation
BGSF Stock | USD 8.82 0.11 1.26% |
BGSF Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BG Staffing stock prices and determine the direction of BG Staffing's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BG Staffing's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BG Staffing's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BG Staffing's systematic risk associated with finding meaningful patterns of BG Staffing fundamentals over time.
Check out Historical Fundamental Analysis of BG Staffing to cross-verify your projections. BGSF |
Open Interest Against 2024-05-17 BGSF Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast BG Staffing'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 BG Staffing's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BG Staffing 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 BG Staffing's open interest, investors have to compare it to BG Staffing'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 BG Staffing 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 BGSF. 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 BG Staffing 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 BG Staffing's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BG Staffing's price structures and extracts relationships that further increase the generated results' accuracy.
Check BG Staffing Volatility | Backtest BG Staffing | Trend Details |
BG Staffing Trading Date Momentum
On April 24 2024 BG Staffing was traded for 8.98 at the closing time. The top price for the day was 9.10 and the lowest listed price was 8.98 . The trading volume for the day was 3.4 K. The trading history from April 24, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.22% . The overall trading delta against the current closing price is 0.89% . |
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Other Forecasting Options for BG Staffing
For every potential investor in BGSF, whether a beginner or expert, BG Staffing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BGSF Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BGSF. Basic forecasting techniques help filter out the noise by identifying BG Staffing's price trends.BG Staffing 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 BG Staffing stock to make a market-neutral strategy. Peer analysis of BG Staffing could also be used in its relative valuation, which is a method of valuing BG Staffing by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
BG Staffing 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 BG Staffing'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 BG Staffing's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
BG Staffing Market Strength Events
Market strength indicators help investors to evaluate how BG Staffing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BG Staffing shares will generate the highest return on investment. By undertsting and applying BG Staffing stock market strength indicators, traders can identify BG Staffing entry and exit signals to maximize returns.
Daily Balance Of Power | 9.2 T | |||
Rate Of Daily Change | 1.01 | |||
Day Median Price | 8.82 | |||
Day Typical Price | 8.82 | |||
Price Action Indicator | 0.055 | |||
Period Momentum Indicator | 0.11 | |||
Relative Strength Index | 39.26 |
BG Staffing Risk Indicators
The analysis of BG Staffing'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 BG Staffing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bgsf 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 | 1.27 | |||
Standard Deviation | 1.86 | |||
Variance | 3.44 |
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 BG Staffing 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, BG Staffing's short interest history, or implied volatility extrapolated from BG Staffing options trading.
Pair Trading with BG Staffing
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 BG Staffing 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 BG Staffing will appreciate offsetting losses from the drop in the long position's value.Moving against BGSF Stock
0.61 | NL | NL Industries | PairCorr |
0.49 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
0.43 | WLDN | Willdan Group | PairCorr |
0.42 | VCIG | VCI Global Limited Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to BG Staffing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BG Staffing 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 BG Staffing - 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 BG Staffing to buy it.
The correlation of BG Staffing 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 BG Staffing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG Staffing 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 BG Staffing 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 BG Staffing to cross-verify your projections. For more detail on how to invest in BGSF Stock please use our How to Invest in BG Staffing guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for BGSF Stock analysis
When running BG Staffing's price analysis, check to measure BG Staffing'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 BG Staffing is operating at the current time. Most of BG Staffing's value examination focuses on studying past and present price action to predict the probability of BG Staffing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BG Staffing's price. Additionally, you may evaluate how the addition of BG Staffing to your portfolios can decrease your overall portfolio volatility.
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Is BG Staffing'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 BG Staffing. If investors know BGSF 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 BG Staffing 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 (0.47) | Dividend Share 0.6 | Earnings Share (0.95) | Revenue Per Share 29.089 | Quarterly Revenue Growth (0.05) |
The market value of BG Staffing is measured differently than its book value, which is the value of BGSF that is recorded on the company's balance sheet. Investors also form their own opinion of BG Staffing's value that differs from its market value or its book value, called intrinsic value, which is BG Staffing'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 BG Staffing's market value can be influenced by many factors that don't directly affect BG Staffing'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 BG Staffing's value and its price as these two are different measures arrived at by different means. Investors typically determine if BG Staffing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG Staffing'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.