Aerojet Rocketdyne Stock Forecast - Daily Balance Of Power

AJRD
 Stock
  

USD 50.81  0.18  0.35%   

Aerojet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aerojet Rocketdyne historical stock prices and determine the direction of Aerojet Rocketdyne Holdings's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Aerojet Rocketdyne historical fundamentals such as revenue growth or operating cash flow patterns. Although Aerojet Rocketdyne naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Aerojet Rocketdyne Holdings systematic risk associated with finding meaningful patterns of Aerojet Rocketdyne fundamentals over time.
Please continue to Historical Fundamental Analysis of Aerojet Rocketdyne to cross-verify your projections.
  
The current year PPandE Turnover is expected to grow to 5.79. The current year Receivables Turnover is expected to grow to 34.67. The current year Issuance Purchase of Equity Shares is expected to grow to about 8.3 M, whereas Weighted Average Shares is forecasted to decline to about 69.7 M.

Open Interest Agains t 2022-12-16 Aerojet Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Aerojet Rocketdyne'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 Aerojet Rocketdyne's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Aerojet Rocketdyne stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Aerojet Rocketdyne's open interest, investors have to compare it to Aerojet Rocketdyne'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 Aerojet Rocketdyne 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 Aerojet. 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.
Aerojet Rocketdyne Holdings has current Daily Balance Of Power of (0.28).
Most investors in Aerojet Rocketdyne 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 Aerojet Rocketdyne's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Aerojet Rocketdyne's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Aerojet Rocketdyne Holdings market sensitivity to bulls and bears. It estimates the ability of Aerojet Rocketdyne buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Aerojet Rocketdyne Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0(0.28)
Check Aerojet Rocketdyne VolatilityBacktest Aerojet RocketdyneInformation Ratio  

Aerojet Rocketdyne Trading Date Momentum

On November 28 2022 Aerojet Rocketdyne Holdings was traded for  50.81  at the closing time. The top price for the day was 51.25  and the lowest listed price was  50.60 . The trading volume for the day was 316.2 K. The trading history from November 28, 2022 did not affect price variability. The overall trading delta against the current closing price is 0.04% .
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 Aerojet Rocketdyne to competition

Other Forecasting Options for Aerojet Rocketdyne

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

Aerojet Rocketdyne 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 Aerojet Rocketdyne stock to make a market-neutral strategy. Peer analysis of Aerojet Rocketdyne could also be used in its relative valuation, which is a method of valuing Aerojet Rocketdyne by comparing valuation metrics with similar companies.
Lockheed Martin CorpBoeing CompanyNorthrop Grumman CorpGeneral Dynamics CorpAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt Bond
 Risk & Return  Correlation

Aerojet Rocketdyne 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 Aerojet Rocketdyne'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 Aerojet Rocketdyne's current price.

Aerojet Rocketdyne Market Strength Events

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

Aerojet Rocketdyne Risk Indicators

The analysis of Aerojet Rocketdyne's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Aerojet Rocketdyne's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Aerojet Rocketdyne stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Aerojet Rocketdyne Investors Sentiment

The influence of Aerojet Rocketdyne's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aerojet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Aerojet Rocketdyne's public news can be used to forecast risks associated with investment in Aerojet. The trend in average sentiment can be used to explain how an investor holding Aerojet can time the market purely based on public headlines and social activities around Aerojet Rocketdyne Holdings. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Aerojet Rocketdyne's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aerojet Rocketdyne's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aerojet Rocketdyne's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aerojet Rocketdyne.
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 Aerojet Rocketdyne 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, Aerojet Rocketdyne's short interest history, or implied volatility extrapolated from Aerojet Rocketdyne options trading.

Pair Trading with Aerojet Rocketdyne

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 Aerojet Rocketdyne 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 Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aerojet Rocketdyne

+0.96EADSYEuropean Aeronautic ADR Sell-off TrendPairCorr
+0.98BDRBFBombardier Inc Upward RallyPairCorr

Moving against Aerojet Rocketdyne

-0.67DNAGinkgo Bioworks Hldgs Downward RallyPairCorr
The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne 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 Aerojet Rocketdyne - 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 Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. 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 Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne 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 Aerojet Rocketdyne 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
Please continue to Historical Fundamental Analysis of Aerojet Rocketdyne to cross-verify your projections. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Aerojet Rocketdyne'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 Aerojet Rocketdyne. If investors know Aerojet 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 Aerojet Rocketdyne 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 YOY
(0.67) 
Market Capitalization
4.1 B
Quarterly Revenue Growth YOY
0.008
Return On Assets
0.0607
Return On Equity
0.21
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne'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 Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne'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 Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne'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.