FineTek Stock Forecast - Rate Of Daily Change
| 4549 Stock | TWD 137.00 5.50 4.18% |
FineTek Stock Forecast is based on your current time horizon.
FineTek |
| Check FineTek Volatility | Backtest FineTek | Information Ratio |
FineTek Trading Date Momentum
| On November 22 2024 FineTek Co was traded for 137.00 at the closing time. The highest price during the trading period was 141.00 and the lowest recorded bid was listed for 136.50 . The volume for the day was 285.7 K. This history from November 22, 2024 did not affect price variability. The overall trading delta to the current price is 0.73% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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Other Forecasting Options for FineTek
For every potential investor in FineTek, whether a beginner or expert, FineTek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FineTek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FineTek. Basic forecasting techniques help filter out the noise by identifying FineTek's price trends.FineTek 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 FineTek stock to make a market-neutral strategy. Peer analysis of FineTek could also be used in its relative valuation, which is a method of valuing FineTek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FineTek 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 FineTek'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 FineTek's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
FineTek Market Strength Events
Market strength indicators help investors to evaluate how FineTek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FineTek shares will generate the highest return on investment. By undertsting and applying FineTek stock market strength indicators, traders can identify FineTek Co entry and exit signals to maximize returns.
| Accumulation Distribution | 9119.3 | |||
| Daily Balance Of Power | 1.222222 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 138.75 | |||
| Day Typical Price | 138.17 | |||
| Price Action Indicator | 1.0 | |||
| Period Momentum Indicator | 5.5 |
FineTek Risk Indicators
The analysis of FineTek'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 FineTek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting finetek 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 | 2.41 | |||
| Standard Deviation | 3.5 | |||
| Variance | 12.26 |
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 FineTek
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 FineTek 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 FineTek will appreciate offsetting losses from the drop in the long position's value.Moving against FineTek Stock
| 0.64 | 6669 | Wiwynn Corp | PairCorr |
| 0.61 | 5309 | Sysgration | PairCorr |
| 0.51 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.51 | 3533 | Lotes | PairCorr |
| 0.42 | 2609 | Yang Ming Marine | PairCorr |
The ability to find closely correlated positions to FineTek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FineTek 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 FineTek - 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 FineTek Co to buy it.
The correlation of FineTek 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 FineTek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FineTek 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 FineTek 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 FineTek Stock Analysis
When running FineTek's price analysis, check to measure FineTek'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 FineTek is operating at the current time. Most of FineTek's value examination focuses on studying past and present price action to predict the probability of FineTek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FineTek's price. Additionally, you may evaluate how the addition of FineTek to your portfolios can decrease your overall portfolio volatility.