Investors can use prediction functions to forecast MiraeAsset TIGER's etf prices and determine the direction of MiraeAsset TIGER Inverse's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
MiraeAsset
On August 30, 2024 MiraeAsset TIGER Inverse had Daily Balance Of Power of 0.7143. Balance of Power indicator (or BOP) measures the strength of MiraeAsset TIGER Inverse market sensitivity to bulls and bears. It estimates the ability of MiraeAsset TIGER buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring MiraeAsset TIGER Balance of Power indicator one can determine a trend of the price direction.
On September 02 2024 MiraeAsset TIGER Inverse was traded for 4,725 at the closing time. The highest price during the trading period was 4,780 and the lowest recorded bid was listed for 4,715 . The volume for the day was 104.5 K. This history from September 2, 2024 did not cause price change. The trading delta at closing time to the current price is 5.50% .
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.
For every potential investor in MiraeAsset, whether a beginner or expert, MiraeAsset TIGER's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MiraeAsset Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MiraeAsset. Basic forecasting techniques help filter out the noise by identifying MiraeAsset TIGER's price trends.
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 MiraeAsset TIGER etf to make a market-neutral strategy. Peer analysis of MiraeAsset TIGER could also be used in its relative valuation, which is a method of valuing MiraeAsset TIGER by comparing valuation metrics with similar companies.
MiraeAsset TIGER Inverse Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MiraeAsset TIGER'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 MiraeAsset TIGER's current price.
Market strength indicators help investors to evaluate how MiraeAsset TIGER etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MiraeAsset TIGER shares will generate the highest return on investment. By undertsting and applying MiraeAsset TIGER etf market strength indicators, traders can identify MiraeAsset TIGER Inverse entry and exit signals to maximize returns.
The analysis of MiraeAsset TIGER'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 MiraeAsset TIGER's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting miraeasset etf 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.
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 MiraeAsset TIGER
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 MiraeAsset TIGER 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 MiraeAsset TIGER will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MiraeAsset TIGER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MiraeAsset TIGER 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 MiraeAsset TIGER - 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 MiraeAsset TIGER Inverse to buy it.
The correlation of MiraeAsset TIGER 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 MiraeAsset TIGER moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MiraeAsset TIGER Inverse 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 MiraeAsset TIGER 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.