Glanbia PLC Stock Forecast - Daily Balance Of Power
| GL9 Stock | EUR 14.91 0.12 0.81% |
Glanbia Stock Forecast is based on your current time horizon.
Glanbia |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.50) | 0.6 |
| Check Glanbia PLC Volatility | Backtest Glanbia PLC | Information Ratio |
Glanbia PLC Trading Date Momentum
| On November 26 2024 Glanbia PLC was traded for 14.91 at the closing time. The maximum traded price for the trading interval was 14.91 and the lowest daily price was 14.71 . The daily volume was recorded at 225.2 K. The volume of trading on 26th of November 2024 did not cause price change. The overall trading delta to the closing price today is 0.60% . |
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.
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Other Forecasting Options for Glanbia PLC
For every potential investor in Glanbia, whether a beginner or expert, Glanbia PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Glanbia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Glanbia. Basic forecasting techniques help filter out the noise by identifying Glanbia PLC's price trends.Glanbia PLC 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 Glanbia PLC stock to make a market-neutral strategy. Peer analysis of Glanbia PLC could also be used in its relative valuation, which is a method of valuing Glanbia PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Glanbia PLC 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 Glanbia PLC'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 Glanbia PLC's current price.| Cycle Indicators | ||
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| Volume Indicators |
Glanbia PLC Market Strength Events
Market strength indicators help investors to evaluate how Glanbia PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Glanbia PLC shares will generate the highest return on investment. By undertsting and applying Glanbia PLC stock market strength indicators, traders can identify Glanbia PLC entry and exit signals to maximize returns.
| Accumulation Distribution | 3020.9 | |||
| Daily Balance Of Power | 0.6 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 14.81 | |||
| Day Typical Price | 14.84 | |||
| Price Action Indicator | 0.16 | |||
| Period Momentum Indicator | 0.12 |
Glanbia PLC Risk Indicators
The analysis of Glanbia PLC'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 Glanbia PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting glanbia 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 | 1.16 | |||
| Standard Deviation | 1.7 | |||
| Variance | 2.88 |
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 Glanbia PLC
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 Glanbia PLC 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 Glanbia PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Glanbia Stock
Moving against Glanbia Stock
The ability to find closely correlated positions to Glanbia PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glanbia PLC 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 Glanbia PLC - 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 Glanbia PLC to buy it.
The correlation of Glanbia PLC 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 Glanbia PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glanbia PLC 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 Glanbia PLC 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 Glanbia Stock Analysis
When running Glanbia PLC's price analysis, check to measure Glanbia PLC'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 Glanbia PLC is operating at the current time. Most of Glanbia PLC's value examination focuses on studying past and present price action to predict the probability of Glanbia PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glanbia PLC's price. Additionally, you may evaluate how the addition of Glanbia PLC to your portfolios can decrease your overall portfolio volatility.