OBI Pharma Stock Forecast - Daily Balance Of Power
| 4174 Stock | TWD 62.90 0.40 0.63% |
OBI Stock Forecast is based on your current time horizon.
OBI |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2 | (0.78) |
| Check OBI Pharma Volatility | Backtest OBI Pharma | Trend Details |
OBI Pharma Trading Date Momentum
| On September 27 2024 OBI Pharma was traded for 72.80 at the closing time. The highest price during the trading period was 74.30 and the lowest recorded bid was listed for 72.50 . The volume for the day was 990.3 K. This history from September 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.82% . The trading delta at closing time to the current price is 7.63% . |
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.
| Compare OBI Pharma to competition |
Other Forecasting Options for OBI Pharma
For every potential investor in OBI, whether a beginner or expert, OBI Pharma's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OBI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OBI. Basic forecasting techniques help filter out the noise by identifying OBI Pharma's price trends.OBI Pharma 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 OBI Pharma stock to make a market-neutral strategy. Peer analysis of OBI Pharma could also be used in its relative valuation, which is a method of valuing OBI Pharma by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OBI Pharma 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 OBI Pharma'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 OBI Pharma's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
OBI Pharma Market Strength Events
Market strength indicators help investors to evaluate how OBI Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OBI Pharma shares will generate the highest return on investment. By undertsting and applying OBI Pharma stock market strength indicators, traders can identify OBI Pharma entry and exit signals to maximize returns.
OBI Pharma Risk Indicators
The analysis of OBI Pharma'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 OBI Pharma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting obi 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 | 1.59 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.38 |
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 OBI Pharma
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 OBI Pharma 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 OBI Pharma will appreciate offsetting losses from the drop in the long position's value.Moving together with OBI Stock
Moving against OBI Stock
| 0.75 | 2345 | Accton Technology Corp | PairCorr |
| 0.73 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.72 | 3257 | Champion Microelectronic | PairCorr |
| 0.69 | 4162 | PharmaEngine | PairCorr |
| 0.69 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to OBI Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OBI Pharma 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 OBI Pharma - 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 OBI Pharma to buy it.
The correlation of OBI Pharma 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 OBI Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OBI Pharma 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 OBI Pharma 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 OBI Stock Analysis
When running OBI Pharma's price analysis, check to measure OBI Pharma'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 OBI Pharma is operating at the current time. Most of OBI Pharma's value examination focuses on studying past and present price action to predict the probability of OBI Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OBI Pharma's price. Additionally, you may evaluate how the addition of OBI Pharma to your portfolios can decrease your overall portfolio volatility.