Cementos Argos Stock Forecast - Daily Balance Of Power
Investors can use prediction functions to forecast Cementos Argos' stock prices and determine the direction of Cementos Argos SA's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Cementos Argos' historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
On December 12, 2024 Cementos Argos SA had Daily Balance Of Power of 0. Balance of Power indicator (or BOP) measures the strength of Cementos Argos SA market sensitivity to bulls and bears. It estimates the ability of Cementos Argos buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Cementos Argos Balance of Power indicator one can determine a trend of the price direction.Cementos |
| Check Cementos Argos Volatility | Backtest Cementos Argos | Information Ratio |
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 Cementos Argos to competition
Cementos Argos 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 Cementos Argos stock to make a market-neutral strategy. Peer analysis of Cementos Argos could also be used in its relative valuation, which is a method of valuing Cementos Argos by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with Cementos Argos
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 Cementos Argos 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 Cementos Argos will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cementos Argos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cementos Argos 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 Cementos Argos - 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 Cementos Argos SA to buy it.
The correlation of Cementos Argos 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 Cementos Argos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cementos Argos SA 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 Cementos Argos 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.