Broadwind Energy Stock Forecast - Daily Balance Of Power
| BWEN Stock | USD 1.77 0.05 2.91% |
Broadwind Stock Forecast is based on your current time horizon. Although Broadwind Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Broadwind Energy's systematic risk associated with finding meaningful patterns of Broadwind Energy fundamentals over time.
Broadwind |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.33) | (0.33) |
| Check Broadwind Energy Volatility | Backtest Broadwind Energy | Trend Details |
Broadwind Energy Trading Date Momentum
| On November 21 2024 Broadwind Energy was traded for 1.55 at the closing time. The top price for the day was 1.58 and the lowest listed price was 1.54 . The trading volume for the day was 168.1 K. The trading history from November 21, 2024 did not affect price variability. The overall trading delta against the current closing price is 12.90% . |
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 Broadwind Energy to competition |
Other Forecasting Options for Broadwind Energy
For every potential investor in Broadwind, whether a beginner or expert, Broadwind Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Broadwind Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Broadwind. Basic forecasting techniques help filter out the noise by identifying Broadwind Energy's price trends.Broadwind Energy 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 Broadwind Energy stock to make a market-neutral strategy. Peer analysis of Broadwind Energy could also be used in its relative valuation, which is a method of valuing Broadwind Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Broadwind Energy 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 Broadwind Energy'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 Broadwind Energy's current price.| Cycle Indicators | ||
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Broadwind Energy Market Strength Events
Market strength indicators help investors to evaluate how Broadwind Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Broadwind Energy shares will generate the highest return on investment. By undertsting and applying Broadwind Energy stock market strength indicators, traders can identify Broadwind Energy entry and exit signals to maximize returns.
Broadwind Energy Risk Indicators
The analysis of Broadwind Energy'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 Broadwind Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting broadwind 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 | 2.59 | |||
| Standard Deviation | 3.63 | |||
| Variance | 13.15 |
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 Broadwind Energy
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 Broadwind Energy 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 Broadwind Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Broadwind Stock
| 0.87 | AME | Ametek Inc Sell-off Trend | PairCorr |
| 0.84 | EMR | Emerson Electric | PairCorr |
| 0.79 | CR | Crane Company | PairCorr |
| 0.79 | PH | Parker Hannifin Sell-off Trend | PairCorr |
| 0.78 | EPAC | Enerpac Tool Group | PairCorr |
The ability to find closely correlated positions to Broadwind Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadwind Energy 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 Broadwind Energy - 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 Broadwind Energy to buy it.
The correlation of Broadwind Energy 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 Broadwind Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadwind Energy 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 Broadwind Energy 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 Broadwind Energy to cross-verify your projections. To learn how to invest in Broadwind Stock, please use our How to Invest in Broadwind Energy guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Heavy Electrical Equipment 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 Broadwind Energy. If investors know Broadwind 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 Broadwind Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 16.667 | Earnings Share 0.14 | Revenue Per Share 8.255 | Quarterly Revenue Growth (0.35) | Return On Assets 0.0491 |
The market value of Broadwind Energy is measured differently than its book value, which is the value of Broadwind that is recorded on the company's balance sheet. Investors also form their own opinion of Broadwind Energy's value that differs from its market value or its book value, called intrinsic value, which is Broadwind Energy'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 Broadwind Energy's market value can be influenced by many factors that don't directly affect Broadwind Energy'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 Broadwind Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadwind Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadwind Energy'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.