Costco Wholesale Stock Forecast - Daily Balance Of Power

COST
 Stock
  

USD 533.66  0.83  0.16%   

Costco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Costco Wholesale historical stock prices and determine the direction of Costco Wholesale'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 Costco Wholesale historical fundamentals such as revenue growth or operating cash flow patterns. Although Costco Wholesale naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Costco Wholesale systematic risk associated with finding meaningful patterns of Costco Wholesale fundamentals over time.
Continue to Historical Fundamental Analysis of Costco Wholesale to cross-verify your projections.
  
Costco Wholesale Inventory Turnover is comparatively stable at the moment as compared to the past year. Costco Wholesale reported Inventory Turnover of 12.41 in 2021. Accounts Payable Turnover is likely to gain to 14.29 in 2022, whereas Accrued Expenses Turnover is likely to drop 37.39 in 2022. . Costco Wholesale Weighted Average Shares is comparatively stable at the moment as compared to the past year. Costco Wholesale reported Weighted Average Shares of 443.65 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 467 M in 2022, whereas Issuance Purchase of Equity Shares is likely to drop (360.4 M) in 2022.

Open Interest Agains t 2022-12-02 Costco Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Costco Wholesale'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 Costco Wholesale's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Costco Wholesale 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 Costco Wholesale's open interest, investors have to compare it to Costco Wholesale'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 Costco Wholesale 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 Costco. 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.
Costco Wholesale has current Daily Balance Of Power of 0.
Most investors in Costco Wholesale 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 Costco Wholesale's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Costco Wholesale's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Costco Wholesale market sensitivity to bulls and bears. It estimates the ability of Costco Wholesale buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Costco Wholesale Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.18)0
Check Costco Wholesale VolatilityBacktest Costco WholesaleInformation Ratio  

Costco Wholesale Trading Date Momentum

On November 28 2022 Costco Wholesale was traded for  533.66  at the closing time. The top price for the day was 535.80  and the lowest listed price was  533.07 . There was no trading activity during the period 0.0. Lack of trading volume on November 28, 2022 did not affect price variability. The overall trading delta against the current closing price is 0.09% .
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 Costco Wholesale to competition

Other Forecasting Options for Costco Wholesale

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

Costco Wholesale 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 Costco Wholesale stock to make a market-neutral strategy. Peer analysis of Costco Wholesale could also be used in its relative valuation, which is a method of valuing Costco Wholesale by comparing valuation metrics with similar companies.
Aarons HoldingsAlibaba Group HoldingBed Bath BeyondBest BuyCaseys General StorDillardsFossil GroupAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value Factor
 Risk & Return  Correlation

Costco Wholesale 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 Costco Wholesale'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 Costco Wholesale's current price.

Costco Wholesale Risk Indicators

The analysis of Costco Wholesale'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 Costco Wholesale's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Costco Wholesale 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Costco Wholesale without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Costco Wholesale

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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.

Moving together with Costco Wholesale

+0.76BIGBig Lots Normal TradingPairCorr
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale 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 Costco Wholesale 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
Continue to Historical Fundamental Analysis of Costco Wholesale to cross-verify your projections. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Costco Wholesale'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 Costco Wholesale. If investors know Costco 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 Costco Wholesale 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
0.12
Market Capitalization
236.2 B
Quarterly Revenue Growth YOY
0.15
Return On Assets
0.0789
Return On Equity
0.31
The market value of Costco Wholesale is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale'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 Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale'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 Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine Costco Wholesale value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.