Hershey Stock Momentum Indicators Directional Movement Index

HSY
 Stock
  

USD 220.96  2.85  1.31%   

Hershey Foods momentum indicators tool provides the execution environment for running the Directional Movement Index indicator and other technical functions against Hershey Foods. Hershey Foods value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Directional Movement Index indicator function is designed to identify and follow existing trends. Momentum indicators of Hershey Foods are pattern recognition functions that provide distinct formation on Hershey Foods potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was fifty with a total number of output elements of eleven. The Directional Movement Index is an indicator that is used in technical analysis to determine if Hershey Foods Corp is trending in particular direction.
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Hershey Foods Technical Analysis Modules

Most technical analysis of Hershey Foods help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hershey from various momentum indicators to cycle indicators. When you analyze Hershey charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Hershey Foods Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hershey Foods Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hershey Foods Corp based on widely used predictive technical indicators. In general, we focus on analyzing Hershey Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hershey Foods's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Hershey Foods's intrinsic value. In addition to deriving basic predictive indicators for Hershey Foods, we also check how macroeconomic factors affect Hershey Foods price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2019 2020 2021 (projected)
Long Term Debt to Equity2.031.831.65
Interest Coverage11.0711.9310.74
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Hershey Foods' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Hershey Foods in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
219.18220.85222.52
Details
Intrinsic
Valuation
LowReal ValueHigh
198.86225.48227.15
Details
Naive
Forecast
LowNext ValueHigh
223.03224.71226.38
Details
11 Analysts
Consensus
LowTarget PriceHigh
181.00193.50220.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hershey Foods. Your research has to be compared to or analyzed against Hershey Foods' peers to derive any actionable benefits. When done correctly, Hershey Foods' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Hershey Foods Corp.

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Hershey Foods Corp pair trading

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 Hershey Foods 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 Hershey Foods will appreciate offsetting losses from the drop in the long position's value.

Hershey Foods Pair Trading

Hershey Foods Corp Pair Trading Analysis

The ability to find closely correlated positions to Hershey Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hershey Foods 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 Hershey Foods - 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 Hershey Foods Corp to buy it.
The correlation of Hershey Foods 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 Hershey Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hershey Foods Corp 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 Hershey Foods 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 check Risk vs Return Analysis. Note that the Hershey Foods Corp information on this page should be used as a complementary analysis to other Hershey Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for Hershey Stock analysis

When running Hershey Foods Corp price analysis, check to measure Hershey Foods' 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 Hershey Foods is operating at the current time. Most of Hershey Foods' value examination focuses on studying past and present price action to predict the probability of Hershey Foods' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hershey Foods' price. Additionally, you may evaluate how the addition of Hershey Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hershey Foods' 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 Hershey Foods. If investors know Hershey 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 Hershey Foods 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
0.35
Market Capitalization
45.4 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.14
Return On Equity
0.63
The market value of Hershey Foods Corp is measured differently than its book value, which is the value of Hershey that is recorded on the company's balance sheet. Investors also form their own opinion of Hershey Foods' value that differs from its market value or its book value, called intrinsic value, which is Hershey Foods' 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 Hershey Foods' market value can be influenced by many factors that don't directly affect Hershey Foods' 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 Hershey Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine Hershey Foods value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hershey Foods' 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.