Daewoo Engineering Stock Forecast - Period Momentum Indicator
| 047040 Stock | 3,625 20.00 0.55% |
Daewoo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daewoo Engineering stock prices and determine the direction of Daewoo Engineering Construction's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daewoo Engineering's historical fundamentals, such as revenue growth or operating cash flow patterns.
Daewoo |
| Check Daewoo Engineering Volatility | Backtest Daewoo Engineering | Information Ratio |
Daewoo Engineering Trading Date Momentum
| On November 23 2024 Daewoo Engineering Construction was traded for 3,625 at the closing time. The highest price during the trading period was 3,660 and the lowest recorded bid was listed for 3,600 . There was no trading activity during the period 0.0. Lack of trading volume on November 23, 2024 did not affect price variability. The overall trading delta to the current price is 0.69% . |
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 Daewoo Engineering
For every potential investor in Daewoo, whether a beginner or expert, Daewoo Engineering's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daewoo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daewoo. Basic forecasting techniques help filter out the noise by identifying Daewoo Engineering's price trends.Daewoo Engineering 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 Daewoo Engineering stock to make a market-neutral strategy. Peer analysis of Daewoo Engineering could also be used in its relative valuation, which is a method of valuing Daewoo Engineering by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daewoo Engineering 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 Daewoo Engineering'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 Daewoo Engineering's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Daewoo Engineering Market Strength Events
Market strength indicators help investors to evaluate how Daewoo Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daewoo Engineering shares will generate the highest return on investment. By undertsting and applying Daewoo Engineering stock market strength indicators, traders can identify Daewoo Engineering Construction entry and exit signals to maximize returns.
Daewoo Engineering Risk Indicators
The analysis of Daewoo Engineering'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 Daewoo Engineering's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daewoo 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 | 1.33 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.75 |
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 Daewoo Engineering
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 Daewoo Engineering 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 Daewoo Engineering will appreciate offsetting losses from the drop in the long position's value.Moving together with Daewoo Stock
The ability to find closely correlated positions to Daewoo Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daewoo Engineering 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 Daewoo Engineering - 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 Daewoo Engineering Construction to buy it.
The correlation of Daewoo Engineering 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 Daewoo Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daewoo Engineering 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 Daewoo Engineering 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.Other Information on Investing in Daewoo Stock
Daewoo Engineering financial ratios help investors to determine whether Daewoo 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 Daewoo with respect to the benefits of owning Daewoo Engineering security.