Mechema Chemicals Stock Forecast - Daily Balance Of Power
| 4721 Stock | TWD 72.50 0.50 0.68% |
Mechema Stock Forecast is based on your current time horizon.
Mechema |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.36) | (0.45) |
| Check Mechema Chemicals Volatility | Backtest Mechema Chemicals | Information Ratio |
Mechema Chemicals Trading Date Momentum
| On November 27 2024 Mechema Chemicals Int was traded for 72.50 at the closing time. The highest price during the trading period was 73.20 and the lowest recorded bid was listed for 72.10 . There was no trading activity during the period 0.0. Lack of trading volume on November 27, 2024 did not cause price change. The trading delta at closing time to the current price is 0.55% . |
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 Mechema Chemicals to competition |
Other Forecasting Options for Mechema Chemicals
For every potential investor in Mechema, whether a beginner or expert, Mechema Chemicals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mechema Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mechema. Basic forecasting techniques help filter out the noise by identifying Mechema Chemicals' price trends.Mechema Chemicals 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 Mechema Chemicals stock to make a market-neutral strategy. Peer analysis of Mechema Chemicals could also be used in its relative valuation, which is a method of valuing Mechema Chemicals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mechema Chemicals Int 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 Mechema Chemicals' 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 Mechema Chemicals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mechema Chemicals Market Strength Events
Market strength indicators help investors to evaluate how Mechema Chemicals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mechema Chemicals shares will generate the highest return on investment. By undertsting and applying Mechema Chemicals stock market strength indicators, traders can identify Mechema Chemicals Int entry and exit signals to maximize returns.
Mechema Chemicals Risk Indicators
The analysis of Mechema Chemicals' 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 Mechema Chemicals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mechema 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 | 1.2 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.79 |
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 Mechema Chemicals
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 Mechema Chemicals 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 Mechema Chemicals will appreciate offsetting losses from the drop in the long position's value.Moving together with Mechema Stock
Moving against Mechema Stock
| 0.44 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.39 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.37 | 2103 | TSRC Corp | PairCorr |
| 0.34 | 1432 | Trk Corp | PairCorr |
The ability to find closely correlated positions to Mechema Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mechema Chemicals 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 Mechema Chemicals - 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 Mechema Chemicals Int to buy it.
The correlation of Mechema Chemicals 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 Mechema Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mechema Chemicals Int 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 Mechema Chemicals 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 Mechema Stock Analysis
When running Mechema Chemicals' price analysis, check to measure Mechema Chemicals' 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 Mechema Chemicals is operating at the current time. Most of Mechema Chemicals' value examination focuses on studying past and present price action to predict the probability of Mechema Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mechema Chemicals' price. Additionally, you may evaluate how the addition of Mechema Chemicals to your portfolios can decrease your overall portfolio volatility.