PennyMac Mortgage Stock Forecast - Daily Balance Of Power
| PMT Stock | USD 13.59 0.03 0.22% |
PennyMac Stock Forecast is based on your current time horizon.
PennyMac |
Open Interest Against 2024-12-20 PennyMac Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PennyMac Mortgage'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 PennyMac Mortgage's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PennyMac Mortgage 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 PennyMac Mortgage's open interest, investors have to compare it to PennyMac Mortgage'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 PennyMac Mortgage 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 PennyMac. 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 |
| (0.75) | 0.2857 |
| Check PennyMac Mortgage Volatility | Backtest PennyMac Mortgage | Trend Details |
PennyMac Mortgage Trading Date Momentum
| On October 29 2024 PennyMac Mortgage Investment was traded for 13.72 at the closing time. Highest PennyMac Mortgage's price during the trading hours was 13.75 and the lowest price during the day was 13.46 . The net volume was 604.2 K. The overall trading history on the 29th of October contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 0.37% . The trading delta at closing time to current price is 1.39% . |
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.
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Other Forecasting Options for PennyMac Mortgage
For every potential investor in PennyMac, whether a beginner or expert, PennyMac Mortgage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PennyMac Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PennyMac. Basic forecasting techniques help filter out the noise by identifying PennyMac Mortgage's price trends.View PennyMac Mortgage Related Equities
| Risk & Return | Correlation |
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage's current price.| Cycle Indicators | ||
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| Volume Indicators |
PennyMac Mortgage Market Strength Events
Market strength indicators help investors to evaluate how PennyMac Mortgage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PennyMac Mortgage shares will generate the highest return on investment. By undertsting and applying PennyMac Mortgage stock market strength indicators, traders can identify PennyMac Mortgage Investment entry and exit signals to maximize returns.
PennyMac Mortgage Risk Indicators
The analysis of PennyMac Mortgage'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 PennyMac Mortgage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pennymac 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 | 0.6927 | |||
| Standard Deviation | 0.8876 | |||
| Variance | 0.7879 |
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.
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Additional Tools for PennyMac Stock Analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.