Kuk Young Stock Forecast - Period Momentum Indicator

006050 Stock  KRW 2,235  5.00  0.22%   
Kuk Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kuk Young stock prices and determine the direction of Kuk Young GM's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kuk Young's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Kuk Young GM has current Period Momentum Indicator of (5.00). Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.
Check Kuk Young VolatilityBacktest Kuk YoungInformation Ratio  

Kuk Young Trading Date Momentum

On November 22 2024 Kuk Young GM was traded for  2,235  at the closing time. The highest price during the trading period was 2,385  and the lowest recorded bid was listed for  2,150 . The volume for the day was 8.9 M. This history from November 22, 2024 did not cause price change. The trading delta at closing time to the current price is 2.01% .
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Kuk Young

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

Kuk Young 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 Kuk Young stock to make a market-neutral strategy. Peer analysis of Kuk Young could also be used in its relative valuation, which is a method of valuing Kuk Young by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Kuk Young GM 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 Kuk Young'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 Kuk Young's current price.

Kuk Young Market Strength Events

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

Kuk Young Risk Indicators

The analysis of Kuk Young'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 Kuk Young's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kuk 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.
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 Kuk Young

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 Kuk Young 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 Kuk Young will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kuk Stock

  0.69171120 Lion ChemtechPairCorr

Moving against Kuk Stock

  0.71043910 Nature and EnvironmentPairCorr
  0.66040910 ICD CoPairCorr
  0.65104460 DYPNF CoLtdPairCorr
  0.53147830 Cheryong Industrial CoLtdPairCorr
The ability to find closely correlated positions to Kuk Young could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kuk Young 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 Kuk Young - 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 Kuk Young GM to buy it.
The correlation of Kuk Young 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 Kuk Young moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kuk Young GM 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 Kuk Young 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

Other Information on Investing in Kuk Stock

Kuk Young financial ratios help investors to determine whether Kuk Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kuk with respect to the benefits of owning Kuk Young security.