BusinessOn Communication Stock Forecast - Day Median Price
| 138580 Stock | KRW 15,850 210.00 1.31% |
BusinessOn Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BusinessOn Communication stock prices and determine the direction of BusinessOn Communication Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BusinessOn Communication's historical fundamentals, such as revenue growth or operating cash flow patterns.
BusinessOn |
| Previous Day Median Price | Day Median Price | Trend |
| 15955.0 | 15955.0 |
| Check BusinessOn Communication Volatility | Backtest BusinessOn Communication | Information Ratio |
BusinessOn Communication Trading Date Momentum
| On November 30 2024 BusinessOn Communication Co was traded for 15,850 at the closing time. The highest price during the trading period was 16,060 and the lowest recorded bid was listed for 15,850 . There was no trading activity during the period 0.0. Lack of trading volume on November 30, 2024 did not affect price variability. The overall trading delta to the current price is 1.32% . |
The median price is the midpoint of the trading periods range.
Compare BusinessOn Communication to competition
BusinessOn Communication 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 BusinessOn Communication stock to make a market-neutral strategy. Peer analysis of BusinessOn Communication could also be used in its relative valuation, which is a method of valuing BusinessOn Communication by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BusinessOn Communication Market Strength Events
Market strength indicators help investors to evaluate how BusinessOn Communication stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BusinessOn Communication shares will generate the highest return on investment. By undertsting and applying BusinessOn Communication stock market strength indicators, traders can identify BusinessOn Communication Co entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0131 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 15955.0 | |||
| Day Typical Price | 15920.0 | |||
| Market Facilitation Index | 210.0 | |||
| Price Action Indicator | (210.00) | |||
| Period Momentum Indicator | (210.00) | |||
| Relative Strength Index | 81.55 |
BusinessOn Communication Risk Indicators
The analysis of BusinessOn Communication'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 BusinessOn Communication's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting businesson 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 | 0.8443 | |||
| Semi Deviation | 0.8423 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Downside Variance | 6.31 | |||
| Semi Variance | 0.7094 | |||
| Expected Short fall | (1.40) |
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 BusinessOn Communication
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 BusinessOn Communication 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 BusinessOn Communication will appreciate offsetting losses from the drop in the long position's value.Moving together with BusinessOn Stock
Moving against BusinessOn Stock
| 0.8 | 060850 | Younglimwon Soft Lab | PairCorr |
| 0.73 | 033240 | Jahwa Electron | PairCorr |
| 0.59 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.58 | 303530 | Innodep | PairCorr |
| 0.57 | 065370 | WISE iTech | PairCorr |
The ability to find closely correlated positions to BusinessOn Communication could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BusinessOn Communication 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 BusinessOn Communication - 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 BusinessOn Communication Co to buy it.
The correlation of BusinessOn Communication 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 BusinessOn Communication moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BusinessOn Communication 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 BusinessOn Communication 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 BusinessOn Stock
BusinessOn Communication financial ratios help investors to determine whether BusinessOn 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 BusinessOn with respect to the benefits of owning BusinessOn Communication security.