Medigen Biotechnology Stock Forecast - Daily Balance Of Power
| 3176 Stock | TWD 32.75 0.15 0.46% |
Medigen Stock Forecast is based on your current time horizon.
Medigen |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2143 | 0.2143 |
| Check Medigen Biotechnology Volatility | Backtest Medigen Biotechnology | Information Ratio |
Medigen Biotechnology Trading Date Momentum
| On January 31 2025 Medigen Biotechnology was traded for 32.75 at the closing time. The highest price during the trading period was 33.00 and the lowest recorded bid was listed for 32.30 . There was no trading activity during the period 0.0. Lack of trading volume on January 31, 2025 did not cause price change. The trading delta at closing time to the current price is 0.46% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Medigen Biotechnology to competition
Medigen Biotechnology 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 Medigen Biotechnology stock to make a market-neutral strategy. Peer analysis of Medigen Biotechnology could also be used in its relative valuation, which is a method of valuing Medigen Biotechnology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Medigen Biotechnology Market Strength Events
Market strength indicators help investors to evaluate how Medigen Biotechnology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medigen Biotechnology shares will generate the highest return on investment. By undertsting and applying Medigen Biotechnology stock market strength indicators, traders can identify Medigen Biotechnology entry and exit signals to maximize returns.
Medigen Biotechnology Risk Indicators
The analysis of Medigen Biotechnology'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 Medigen Biotechnology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting medigen 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 | 0.9991 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.12 |
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 Medigen Biotechnology
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 Medigen Biotechnology 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 Medigen Biotechnology will appreciate offsetting losses from the drop in the long position's value.Moving together with Medigen Stock
Moving against Medigen Stock
| 0.75 | 6689 | eCloudvalley Digital | PairCorr |
| 0.33 | 8935 | Pontex Polyblend CoLtd | PairCorr |
| 0.32 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Medigen Biotechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medigen Biotechnology 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 Medigen Biotechnology - 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 Medigen Biotechnology to buy it.
The correlation of Medigen Biotechnology 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 Medigen Biotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medigen Biotechnology 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 Medigen Biotechnology 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.Additional Tools for Medigen Stock Analysis
When running Medigen Biotechnology's price analysis, check to measure Medigen Biotechnology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medigen Biotechnology is operating at the current time. Most of Medigen Biotechnology's value examination focuses on studying past and present price action to predict the probability of Medigen Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medigen Biotechnology's price. Additionally, you may evaluate how the addition of Medigen Biotechnology to your portfolios can decrease your overall portfolio volatility.