Arena Group Stock Forecast - Daily Balance Of Power
| AREN Stock | USD 1.52 0.03 2.01% |
Arena Stock Forecast is based on your current time horizon. Although Arena Group's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Arena Group's systematic risk associated with finding meaningful patterns of Arena Group fundamentals over time.
Arena |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (1.00) | (0.67) |
| Check Arena Group Volatility | Backtest Arena Group | Trend Details |
Arena Group Trading Date Momentum
| On November 01 2024 Arena Group Holdings was traded for 0.70 at the closing time. The top price for the day was 0.71 and the lowest listed price was 0.65 . The trading volume for the day was 15 K. The trading history from November 1, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 9.37% . The overall trading delta against the current closing price is 3.13% . |
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 Arena Group
For every potential investor in Arena, whether a beginner or expert, Arena Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Arena Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Arena. Basic forecasting techniques help filter out the noise by identifying Arena Group's price trends.Arena Group 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 Arena Group stock to make a market-neutral strategy. Peer analysis of Arena Group could also be used in its relative valuation, which is a method of valuing Arena Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Arena Group Holdings 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 Arena Group'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 Arena Group's current price.| Cycle Indicators | ||
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| Volume Indicators |
Arena Group Market Strength Events
Market strength indicators help investors to evaluate how Arena Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arena Group shares will generate the highest return on investment. By undertsting and applying Arena Group stock market strength indicators, traders can identify Arena Group Holdings entry and exit signals to maximize returns.
Arena Group Risk Indicators
The analysis of Arena Group'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 Arena Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting arena 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 | 7.39 | |||
| Semi Deviation | 4.27 | |||
| Standard Deviation | 26.01 | |||
| Variance | 676.37 | |||
| Downside Variance | 35.39 | |||
| Semi Variance | 18.26 | |||
| Expected Short fall | (12.18) |
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 Arena Group
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 Arena Group 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 Arena Group will appreciate offsetting losses from the drop in the long position's value.Moving against Arena Stock
| 0.57 | IAC | IAC Inc | PairCorr |
| 0.5 | SLE | Super League Enterprise | PairCorr |
| 0.47 | MAX | MediaAlpha | PairCorr |
| 0.34 | BZ | Kanzhun Ltd ADR | PairCorr |
The ability to find closely correlated positions to Arena Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Group 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 Arena Group - 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 Arena Group Holdings to buy it.
The correlation of Arena Group 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 Arena Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group Holdings 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 Arena Group 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.Check out Historical Fundamental Analysis of Arena Group to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Arena Group. If investors know Arena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Arena Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 9.104 | Quarterly Revenue Growth (0.20) | Return On Assets (0.12) |
The market value of Arena Group Holdings is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Arena Group's market value can be influenced by many factors that don't directly affect Arena Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Arena Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arena Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.