Miwon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Miwon Chemical stock prices and determine the direction of Miwon Chemical's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Miwon Chemical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Miwon
On September 25, 2024 Miwon Chemical had Daily Balance Of Power of (0.91). Balance of Power indicator (or BOP) measures the strength of Miwon Chemical market sensitivity to bulls and bears. It estimates the ability of Miwon Chemical buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Miwon Chemical Balance of Power indicator one can determine a trend of the price direction.
On September 26 2024 Miwon Chemical was traded for 80,000 at the closing time. The highest price during the trading period was 80,500 and the lowest recorded bid was listed for 79,600 . The volume for the day was 116. This history from September 26, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.63% . The trading delta at closing time to the current price is 0.63% .
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 Miwon, whether a beginner or expert, Miwon Chemical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Miwon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Miwon. Basic forecasting techniques help filter out the noise by identifying Miwon Chemical'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 Miwon Chemical stock to make a market-neutral strategy. Peer analysis of Miwon Chemical could also be used in its relative valuation, which is a method of valuing Miwon Chemical by comparing valuation metrics with similar companies.
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 Miwon Chemical'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 Miwon Chemical's current price.
Market strength indicators help investors to evaluate how Miwon Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Miwon Chemical shares will generate the highest return on investment. By undertsting and applying Miwon Chemical stock market strength indicators, traders can identify Miwon Chemical entry and exit signals to maximize returns.
The analysis of Miwon Chemical'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 Miwon Chemical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting miwon 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.
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 Miwon Chemical
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 Miwon Chemical 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 Miwon Chemical will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Miwon Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miwon Chemical 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 Miwon Chemical - 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 Miwon Chemical to buy it.
The correlation of Miwon Chemical 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 Miwon Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miwon Chemical 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 Miwon Chemical 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.
Miwon Chemical financial ratios help investors to determine whether Miwon 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 Miwon with respect to the benefits of owning Miwon Chemical security.