Finetechnix CoLtd Stock Forecast - Price Action Indicator
| 106240 Stock | KRW 914.00 2.00 0.22% |
Finetechnix Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Finetechnix CoLtd stock prices and determine the direction of Finetechnix CoLtd's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Finetechnix CoLtd's historical fundamentals, such as revenue growth or operating cash flow patterns.
Finetechnix |
| Check Finetechnix CoLtd Volatility | Backtest Finetechnix CoLtd | Information Ratio |
Finetechnix CoLtd Trading Date Momentum
| On November 25 2024 Finetechnix CoLtd was traded for 914.00 at the closing time. The highest price during the trading period was 919.00 and the lowest recorded bid was listed for 906.00 . The volume for the day was 41.4 K. This history from November 25, 2024 did not affect price variability. The overall trading delta to the current price is 0.22% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Finetechnix CoLtd
For every potential investor in Finetechnix, whether a beginner or expert, Finetechnix CoLtd's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Finetechnix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Finetechnix. Basic forecasting techniques help filter out the noise by identifying Finetechnix CoLtd's price trends.Finetechnix CoLtd 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 Finetechnix CoLtd stock to make a market-neutral strategy. Peer analysis of Finetechnix CoLtd could also be used in its relative valuation, which is a method of valuing Finetechnix CoLtd by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Finetechnix CoLtd 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 Finetechnix CoLtd'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 Finetechnix CoLtd's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Volume Indicators |
Finetechnix CoLtd Market Strength Events
Market strength indicators help investors to evaluate how Finetechnix CoLtd stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Finetechnix CoLtd shares will generate the highest return on investment. By undertsting and applying Finetechnix CoLtd stock market strength indicators, traders can identify Finetechnix CoLtd entry and exit signals to maximize returns.
Finetechnix CoLtd Risk Indicators
The analysis of Finetechnix CoLtd'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 Finetechnix CoLtd's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting finetechnix 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 | 1.31 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.21 |
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 Finetechnix CoLtd
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 Finetechnix CoLtd 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 Finetechnix CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving together with Finetechnix Stock
The ability to find closely correlated positions to Finetechnix CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Finetechnix CoLtd 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 Finetechnix CoLtd - 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 Finetechnix CoLtd to buy it.
The correlation of Finetechnix CoLtd 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 Finetechnix CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Finetechnix CoLtd 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 Finetechnix CoLtd 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 Finetechnix Stock
Finetechnix CoLtd financial ratios help investors to determine whether Finetechnix 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 Finetechnix with respect to the benefits of owning Finetechnix CoLtd security.