Korea Environment Stock Forecast - Daily Balance Of Power
| 029960 Stock | KRW 9,060 40.00 0.44% |
Korea Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Korea Environment stock prices and determine the direction of Korea Environment Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Korea Environment's historical fundamentals, such as revenue growth or operating cash flow patterns.
Korea |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.70) | (0.84) |
| Check Korea Environment Volatility | Backtest Korea Environment | Trend Details |
Korea Environment Trading Date Momentum
| On October 04 2024 Korea Environment Technology was traded for 7,060 at the closing time. The highest price during the trading period was 7,350 and the lowest recorded bid was listed for 7,030 . The volume for the day was 172.3 K. This history from October 4, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.62% . The trading delta at closing time to the current price is 2.21% . |
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 Korea Environment to competition |
Other Forecasting Options for Korea Environment
For every potential investor in Korea, whether a beginner or expert, Korea Environment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Korea Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Korea. Basic forecasting techniques help filter out the noise by identifying Korea Environment's price trends.Korea Environment 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 Korea Environment stock to make a market-neutral strategy. Peer analysis of Korea Environment could also be used in its relative valuation, which is a method of valuing Korea Environment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Korea Environment 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 Korea Environment'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 Korea Environment's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Korea Environment Market Strength Events
Market strength indicators help investors to evaluate how Korea Environment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Korea Environment shares will generate the highest return on investment. By undertsting and applying Korea Environment stock market strength indicators, traders can identify Korea Environment Technology entry and exit signals to maximize returns.
Korea Environment Risk Indicators
The analysis of Korea Environment'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 Korea Environment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting korea 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 | 1.08 | |||
| Semi Deviation | 0.881 | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.25 | |||
| Downside Variance | 2.89 | |||
| Semi Variance | 0.7761 | |||
| Expected Short fall | (1.47) |
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 Korea Environment
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 Korea Environment 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 Korea Environment will appreciate offsetting losses from the drop in the long position's value.Moving against Korea Stock
| 0.79 | 005930 | Samsung Electronics | PairCorr |
| 0.78 | 005385 | Hyundai Motor | PairCorr |
| 0.78 | 005387 | Hyundai Motor | PairCorr |
| 0.75 | 005380 | Hyundai Motor | PairCorr |
| 0.74 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Korea Environment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Environment 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 Korea Environment - 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 Korea Environment Technology to buy it.
The correlation of Korea Environment 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 Korea Environment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Environment 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 Korea Environment 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.Other Information on Investing in Korea Stock
Korea Environment financial ratios help investors to determine whether Korea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Korea with respect to the benefits of owning Korea Environment security.