Investors can use prediction functions to forecast Daesung Hi's stock prices and determine the direction of Daesung Hi Tech Co's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Daesung Hi's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Daesung
Daesung Hi Tech Co has current Price Action Indicator of (22.50). Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
On November 29 2024 Daesung Hi Tech Co was traded for 3,685 at the closing time. The highest price during the trading period was 3,790 and the lowest recorded bid was listed for 3,630 . The volume for the day was 33.3 K. This history from November 29, 2024 did not affect price variability. The overall trading delta to the current price is 0.14% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
For every potential investor in Daesung, whether a beginner or expert, Daesung Hi's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daesung Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daesung. Basic forecasting techniques help filter out the noise by identifying Daesung Hi's price trends.
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 Daesung Hi stock to make a market-neutral strategy. Peer analysis of Daesung Hi could also be used in its relative valuation, which is a method of valuing Daesung Hi by comparing valuation metrics with similar companies.
Daesung Hi Tech 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 Daesung Hi'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 Daesung Hi's current price.
Market strength indicators help investors to evaluate how Daesung Hi stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daesung Hi shares will generate the highest return on investment. By undertsting and applying Daesung Hi stock market strength indicators, traders can identify Daesung Hi Tech Co entry and exit signals to maximize returns.
The analysis of Daesung Hi'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 Daesung Hi's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daesung 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 Daesung Hi
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 Daesung Hi 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 Daesung Hi will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Daesung Hi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daesung Hi 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 Daesung Hi - 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 Daesung Hi Tech Co to buy it.
The correlation of Daesung Hi 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 Daesung Hi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Hi Tech 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 Daesung Hi 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.