Pontex Polyblend Stock Forecast - Daily Balance Of Power
| 8935 Stock | TWD 22.00 0.10 0.46% |
Pontex Stock Forecast is based on your current time horizon.
Pontex |
| Check Pontex Polyblend Volatility | Backtest Pontex Polyblend | Trend Details |
Pontex Polyblend Trading Date Momentum
| On August 04 2023 Pontex Polyblend CoLtd was traded for 11.79 at the closing time. The highest price during the trading period was 11.93 and the lowest recorded bid was listed for 11.69 . The volume for the day was 241.2 K. This history from August 4, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 21.61% . The trading delta at closing time to the current price is 21.61% . |
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 Pontex Polyblend
For every potential investor in Pontex, whether a beginner or expert, Pontex Polyblend's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pontex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pontex. Basic forecasting techniques help filter out the noise by identifying Pontex Polyblend's price trends.Pontex Polyblend 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 Pontex Polyblend stock to make a market-neutral strategy. Peer analysis of Pontex Polyblend could also be used in its relative valuation, which is a method of valuing Pontex Polyblend by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pontex Polyblend CoLtd 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 Pontex Polyblend'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 Pontex Polyblend's current price.| Cycle Indicators | ||
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Pontex Polyblend Market Strength Events
Market strength indicators help investors to evaluate how Pontex Polyblend stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pontex Polyblend shares will generate the highest return on investment. By undertsting and applying Pontex Polyblend stock market strength indicators, traders can identify Pontex Polyblend CoLtd entry and exit signals to maximize returns.
Pontex Polyblend Risk Indicators
The analysis of Pontex Polyblend'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 Pontex Polyblend's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pontex 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 | 1.89 | |||
| Semi Deviation | 1.98 | |||
| Standard Deviation | 2.93 | |||
| Variance | 8.61 | |||
| Downside Variance | 7.02 | |||
| Semi Variance | 3.92 | |||
| Expected Short fall | (2.30) |
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 Pontex Polyblend
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 Pontex Polyblend 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 Pontex Polyblend will appreciate offsetting losses from the drop in the long position's value.Moving against Pontex Stock
| 0.88 | 2303 | United Microelectronics | PairCorr |
| 0.81 | 1321 | Ocean Plastics | PairCorr |
| 0.79 | 6505 | Formosa Petrochemical | PairCorr |
| 0.75 | 4306 | Yem Chio | PairCorr |
| 0.58 | 2107 | Formosan Rubber Group | PairCorr |
The ability to find closely correlated positions to Pontex Polyblend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pontex Polyblend 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 Pontex Polyblend - 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 Pontex Polyblend CoLtd to buy it.
The correlation of Pontex Polyblend 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 Pontex Polyblend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pontex Polyblend CoLtd 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 Pontex Polyblend 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 Pontex Stock Analysis
When running Pontex Polyblend's price analysis, check to measure Pontex Polyblend'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 Pontex Polyblend is operating at the current time. Most of Pontex Polyblend's value examination focuses on studying past and present price action to predict the probability of Pontex Polyblend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pontex Polyblend's price. Additionally, you may evaluate how the addition of Pontex Polyblend to your portfolios can decrease your overall portfolio volatility.