Medicofarma Biotech Stock Forecast - Daily Balance Of Power
| MDB Stock | 0.41 0.03 7.89% |
Medicofarma Stock Forecast is based on your current time horizon.
Medicofarma |
| Check Medicofarma Biotech Volatility | Backtest Medicofarma Biotech | Information Ratio |
Medicofarma Biotech Trading Date Momentum
| On November 26 2024 Medicofarma Biotech SA was traded for 0.41 at the closing time. The highest price during the trading period was 0.41 and the lowest recorded bid was listed for 0.41 . There was no trading activity during the period 0.0. Lack of trading volume on November 26, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% . |
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 Medicofarma Biotech to competition |
Other Forecasting Options for Medicofarma Biotech
For every potential investor in Medicofarma, whether a beginner or expert, Medicofarma Biotech's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Medicofarma Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Medicofarma. Basic forecasting techniques help filter out the noise by identifying Medicofarma Biotech's price trends.Medicofarma Biotech 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 Medicofarma Biotech stock to make a market-neutral strategy. Peer analysis of Medicofarma Biotech could also be used in its relative valuation, which is a method of valuing Medicofarma Biotech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Medicofarma Biotech 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 Medicofarma Biotech'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 Medicofarma Biotech's current price.| Cycle Indicators | ||
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Medicofarma Biotech Market Strength Events
Market strength indicators help investors to evaluate how Medicofarma Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medicofarma Biotech shares will generate the highest return on investment. By undertsting and applying Medicofarma Biotech stock market strength indicators, traders can identify Medicofarma Biotech SA entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.08 | |||
| Day Median Price | 0.41 | |||
| Day Typical Price | 0.41 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 |
Medicofarma Biotech Risk Indicators
The analysis of Medicofarma Biotech'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 Medicofarma Biotech's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting medicofarma 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 | 2.48 | |||
| Standard Deviation | 4.22 | |||
| Variance | 17.84 |
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 Medicofarma Biotech
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 Medicofarma Biotech 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 Medicofarma Biotech will appreciate offsetting losses from the drop in the long position's value.Moving together with Medicofarma Stock
The ability to find closely correlated positions to Medicofarma Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medicofarma Biotech 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 Medicofarma Biotech - 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 Medicofarma Biotech SA to buy it.
The correlation of Medicofarma Biotech 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 Medicofarma Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medicofarma Biotech 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 Medicofarma Biotech 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 Medicofarma Stock Analysis
When running Medicofarma Biotech's price analysis, check to measure Medicofarma Biotech'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 Medicofarma Biotech is operating at the current time. Most of Medicofarma Biotech's value examination focuses on studying past and present price action to predict the probability of Medicofarma Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicofarma Biotech's price. Additionally, you may evaluate how the addition of Medicofarma Biotech to your portfolios can decrease your overall portfolio volatility.