Eagle Materials Stock Forecast - Accumulation Distribution

EXP Stock  USD 300.15  2.75  0.92%   
Eagle Stock Forecast is based on your current time horizon. Although Eagle Materials' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eagle Materials' systematic risk associated with finding meaningful patterns of Eagle Materials fundamentals over time.
  
As of 10/15/2024, Inventory Turnover is likely to grow to 5.76, while Payables Turnover is likely to drop 9.86. . As of 10/15/2024, Common Stock Shares Outstanding is likely to grow to about 41.4 M. Also, Net Income Applicable To Common Shares is likely to grow to about 557.3 M.
On September 24, 2024 Eagle Materials had Accumulation Distribution of 3698.53. Most investors in Eagle Materials 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 Eagle Materials' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eagle Materials' price structures and extracts relationships that further increase the accuracy of the generated results. The accumulation distribution (A/D) indicator shows the degree to which Eagle Materials is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Eagle Materials to determine if accumulation or reduction is taking place in the market. This value is adjusted by Eagle Materials trading volume to give more weight to distributions with higher volume over lower volume.
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Eagle Materials Trading Date Momentum

On September 25 2024 Eagle Materials was traded for  282.55  at the closing time. Highest Eagle Materials's price during the trading hours was 286.68  and the lowest price during the day was  281.05 . The net volume was 183.6 K. The overall trading history on the 25th of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.99% . The overall trading delta to current price is 0.04% .
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
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Other Forecasting Options for Eagle Materials

For every potential investor in Eagle, whether a beginner or expert, Eagle Materials' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eagle Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eagle. Basic forecasting techniques help filter out the noise by identifying Eagle Materials' price trends.

Eagle Materials 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 Eagle Materials stock to make a market-neutral strategy. Peer analysis of Eagle Materials could also be used in its relative valuation, which is a method of valuing Eagle Materials by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Eagle Materials 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 Eagle Materials' 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 Eagle Materials' current price.

Eagle Materials Market Strength Events

Market strength indicators help investors to evaluate how Eagle Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eagle Materials shares will generate the highest return on investment. By undertsting and applying Eagle Materials stock market strength indicators, traders can identify Eagle Materials entry and exit signals to maximize returns.

Eagle Materials Risk Indicators

The analysis of Eagle Materials' 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 Eagle Materials' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eagle 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.
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 Eagle Materials

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 Eagle Materials 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 Eagle Materials will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eagle Stock

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  0.67JHX James Hardie IndustriesPairCorr
The ability to find closely correlated positions to Eagle Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Materials 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 Eagle Materials - 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 Eagle Materials to buy it.
The correlation of Eagle Materials 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 Eagle Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Materials 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 Eagle Materials 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

Additional Tools for Eagle Stock Analysis

When running Eagle Materials' price analysis, check to measure Eagle Materials' 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 Eagle Materials is operating at the current time. Most of Eagle Materials' value examination focuses on studying past and present price action to predict the probability of Eagle Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Materials' price. Additionally, you may evaluate how the addition of Eagle Materials to your portfolios can decrease your overall portfolio volatility.