Data IO Stock Forecast - Daily Balance Of Power
| DAIO Stock | USD 2.88 0.02 0.69% |
Data Stock Forecast is based on your current time horizon. Although Data IO's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Data IO's systematic risk associated with finding meaningful patterns of Data IO fundamentals over time.
Data |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.57) | (0.56) |
| Check Data IO Volatility | Backtest Data IO | Trend Details |
Data IO Trading Date Momentum
| On August 03 2023 Data IO was traded for 4.08 at the closing time. The top price for the day was 4.31 and the lowest listed price was 4.08 . The trading volume for the day was 27.1 K. The trading history from August 3, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 7.90% . The overall trading delta against the current closing price is 6.09% . |
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 Data IO to competition |
Other Forecasting Options for Data IO
For every potential investor in Data, whether a beginner or expert, Data IO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Data Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Data. Basic forecasting techniques help filter out the noise by identifying Data IO's price trends.View Data IO Related Equities
| Risk & Return | Correlation |
Data IO 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 Data IO'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 Data IO's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Data IO Market Strength Events
Market strength indicators help investors to evaluate how Data IO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Data IO shares will generate the highest return on investment. By undertsting and applying Data IO stock market strength indicators, traders can identify Data IO entry and exit signals to maximize returns.
| Accumulation Distribution | 3720.93 | |||
| Daily Balance Of Power | (0.13) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 2.82 | |||
| Day Typical Price | 2.84 | |||
| Price Action Indicator | 0.055 | |||
| Period Momentum Indicator | (0.02) |
Data IO Risk Indicators
The analysis of Data IO'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 Data IO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting data 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 | 2.11 | |||
| Semi Deviation | 2.32 | |||
| Standard Deviation | 2.96 | |||
| Variance | 8.79 | |||
| Downside Variance | 6.5 | |||
| Semi Variance | 5.37 | |||
| Expected Short fall | (2.43) |
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 Data IO
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 Data IO 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 Data IO will appreciate offsetting losses from the drop in the long position's value.Moving together with Data Stock
Moving against Data Stock
| 0.64 | CDW | CDW Corp | PairCorr |
| 0.63 | WBX | Wallbox NV | PairCorr |
| 0.55 | DM | Desktop Metal | PairCorr |
| 0.51 | STX | Seagate Technology PLC | PairCorr |
| 0.37 | JNPR | Juniper Networks Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Data IO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data IO 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 Data IO - 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 Data IO to buy it.
The correlation of Data IO 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 Data IO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data IO 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 Data IO 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 Data IO to cross-verify your projections. To learn how to invest in Data Stock, please use our How to Invest in Data IO guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Electronic Equipment, Instruments & Components 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 Data IO. If investors know Data 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 Data IO 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 (0.83) | Earnings Share (0.20) | Revenue Per Share 2.579 | Quarterly Revenue Growth (0.17) | Return On Assets (0.04) |
The market value of Data IO is measured differently than its book value, which is the value of Data that is recorded on the company's balance sheet. Investors also form their own opinion of Data IO's value that differs from its market value or its book value, called intrinsic value, which is Data IO'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 Data IO's market value can be influenced by many factors that don't directly affect Data IO'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 Data IO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Data IO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Data IO'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.