Eargo, Stock Forecast - Daily Balance Of Power
| EARDelisted Stock | USD 4.00 0.10 2.44% |
Eargo, Stock Forecast is based on your current time horizon.
Eargo, |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.60) | 0.5096 |
| Check Eargo, Volatility | Backtest Eargo, | Trend Details |
Eargo, Trading Date Momentum
| On March 22 2023 Eargo, Inc was traded for 4.28 at the closing time. Highest Eargo,'s price during the trading hours was 5.08 and the lowest price during the day was 4.25 . The net volume was 89.8 K. The overall trading history on the 22nd of March contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 13.01% . The overall trading delta to current price is 14.63% . |
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 Eargo, to competition
Eargo, 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 Eargo, stock to make a market-neutral strategy. Peer analysis of Eargo, could also be used in its relative valuation, which is a method of valuing Eargo, by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eargo, Market Strength Events
Market strength indicators help investors to evaluate how Eargo, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eargo, shares will generate the highest return on investment. By undertsting and applying Eargo, stock market strength indicators, traders can identify Eargo, Inc entry and exit signals to maximize returns.
Eargo, Risk Indicators
The analysis of Eargo,'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 Eargo,'s investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eargo, 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 | 2.57 | |||
| Standard Deviation | 3.19 | |||
| Variance | 10.21 |
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 Eargo,
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 Eargo, 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 Eargo, will appreciate offsetting losses from the drop in the long position's value.Moving together with Eargo, Stock
| 0.65 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.65 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.62 | BKRKY | Bank Rakyat | PairCorr |
Moving against Eargo, Stock
| 0.77 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.73 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.72 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.7 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.68 | HD | Home Depot | PairCorr |
The ability to find closely correlated positions to Eargo, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eargo, 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 Eargo, - 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 Eargo, Inc to buy it.
The correlation of Eargo, 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 Eargo, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eargo, Inc 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 Eargo, 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 Investing Opportunities 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 nation. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Consideration for investing in Eargo, Stock
If you are still planning to invest in Eargo, Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eargo,'s history and understand the potential risks before investing.
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