Gudeng Precision Stock Forecast - Daily Balance Of Power
| 3680 Stock | TWD 516.00 5.00 0.98% |
Gudeng Stock Forecast is based on your current time horizon.
Gudeng |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.85) | (0.41) |
| Check Gudeng Precision Volatility | Backtest Gudeng Precision | Trend Details |
Gudeng Precision Trading Date Momentum
| On April 23 2024 Gudeng Precision Industrial was traded for 410.00 at the closing time. The highest price during the trading period was 416.00 and the lowest recorded bid was listed for 403.50 . The volume for the day was 1.5 M. This history from April 23, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.36% . The overall trading delta to the current price is 5.93% . |
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 Gudeng Precision
For every potential investor in Gudeng, whether a beginner or expert, Gudeng Precision's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gudeng Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gudeng. Basic forecasting techniques help filter out the noise by identifying Gudeng Precision's price trends.Gudeng Precision 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 Gudeng Precision stock to make a market-neutral strategy. Peer analysis of Gudeng Precision could also be used in its relative valuation, which is a method of valuing Gudeng Precision by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gudeng Precision Ind 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 Gudeng Precision'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 Gudeng Precision's current price.| Cycle Indicators | ||
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| Volume Indicators |
Gudeng Precision Market Strength Events
Market strength indicators help investors to evaluate how Gudeng Precision stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gudeng Precision shares will generate the highest return on investment. By undertsting and applying Gudeng Precision stock market strength indicators, traders can identify Gudeng Precision Industrial entry and exit signals to maximize returns.
Gudeng Precision Risk Indicators
The analysis of Gudeng Precision'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 Gudeng Precision's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gudeng 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 | 1.47 | |||
| Semi Deviation | 1.62 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.47 | |||
| Downside Variance | 3.87 | |||
| Semi Variance | 2.62 | |||
| Expected Short fall | (2.04) |
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 Gudeng Precision
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 Gudeng Precision 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 Gudeng Precision will appreciate offsetting losses from the drop in the long position's value.Moving together with Gudeng Stock
Moving against Gudeng Stock
The ability to find closely correlated positions to Gudeng Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gudeng Precision 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 Gudeng Precision - 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 Gudeng Precision Industrial to buy it.
The correlation of Gudeng Precision 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 Gudeng Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gudeng Precision Ind 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 Gudeng Precision 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 Gudeng Stock Analysis
When running Gudeng Precision's price analysis, check to measure Gudeng Precision'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 Gudeng Precision is operating at the current time. Most of Gudeng Precision's value examination focuses on studying past and present price action to predict the probability of Gudeng Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gudeng Precision's price. Additionally, you may evaluate how the addition of Gudeng Precision to your portfolios can decrease your overall portfolio volatility.