Limoneira Stock Forecast - Daily Balance Of Power
| LMNR Stock | USD 27.83 0.33 1.20% |
Limoneira Stock Forecast is based on your current time horizon. Although Limoneira's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Limoneira's systematic risk associated with finding meaningful patterns of Limoneira fundamentals over time.
Limoneira |
Open Interest Against 2024-12-20 Limoneira Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Limoneira'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 Limoneira's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Limoneira 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 Limoneira's open interest, investors have to compare it to Limoneira'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 Limoneira 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 Limoneira. 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.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.82) | (0.89) |
| Check Limoneira Volatility | Backtest Limoneira | Trend Details |
Limoneira Trading Date Momentum
| On May 24 2024 Limoneira Co was traded for 19.70 at the closing time. The top price for the day was 19.94 and the lowest listed price was 19.42 . The trading volume for the day was 35 K. The trading history from May 24, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.15% . The trading delta at closing time against the current closing price is 0.86% . |
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 Limoneira to competition |
Other Forecasting Options for Limoneira
For every potential investor in Limoneira, whether a beginner or expert, Limoneira's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Limoneira Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Limoneira. Basic forecasting techniques help filter out the noise by identifying Limoneira's price trends.Limoneira 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 Limoneira stock to make a market-neutral strategy. Peer analysis of Limoneira could also be used in its relative valuation, which is a method of valuing Limoneira by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Limoneira 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 Limoneira'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 Limoneira's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Limoneira Market Strength Events
Market strength indicators help investors to evaluate how Limoneira stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Limoneira shares will generate the highest return on investment. By undertsting and applying Limoneira stock market strength indicators, traders can identify Limoneira Co entry and exit signals to maximize returns.
Limoneira Risk Indicators
The analysis of Limoneira'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 Limoneira's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting limoneira 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 | 1.52 | |||
| Semi Deviation | 1.54 | |||
| Standard Deviation | 2.0 | |||
| Variance | 3.98 | |||
| Downside Variance | 2.78 | |||
| Semi Variance | 2.38 | |||
| Expected Short fall | (1.84) |
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 Limoneira
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 Limoneira 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 Limoneira will appreciate offsetting losses from the drop in the long position's value.Moving together with Limoneira Stock
| 0.68 | K | Kellanova Sell-off Trend | PairCorr |
Moving against Limoneira Stock
| 0.42 | DDC | DDC Enterprise | PairCorr |
| 0.4 | EDBL | Edible Garden AG | PairCorr |
| 0.37 | FARM | Farmer Bros | PairCorr |
| 0.37 | CAG | ConAgra Foods | PairCorr |
| 0.35 | BGS | BG Foods | PairCorr |
The ability to find closely correlated positions to Limoneira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Limoneira 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 Limoneira - 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 Limoneira Co to buy it.
The correlation of Limoneira 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 Limoneira moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Limoneira 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 Limoneira 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.Additional Tools for Limoneira Stock Analysis
When running Limoneira's price analysis, check to measure Limoneira'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 Limoneira is operating at the current time. Most of Limoneira's value examination focuses on studying past and present price action to predict the probability of Limoneira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Limoneira's price. Additionally, you may evaluate how the addition of Limoneira to your portfolios can decrease your overall portfolio volatility.