Ellington Residential Stock Forecast - Daily Balance Of Power
| EARN Stock | USD 6.75 0.02 0.30% |
Ellington Stock Forecast is based on your current time horizon. Although Ellington Residential's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ellington Residential's systematic risk associated with finding meaningful patterns of Ellington Residential fundamentals over time.
Ellington |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.57) | 0.25 |
| Check Ellington Residential Volatility | Backtest Ellington Residential | Trend Details |
Ellington Residential Trading Date Momentum
| On August 21 2023 Ellington Residential Mortgage was traded for 5.43 at the closing time. The top price for the day was 5.53 and the lowest listed price was 5.42 . The trading volume for the day was 139.2 K. The trading history from August 21, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.81% . The overall trading delta against the current closing price is 1.99% . |
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 Ellington Residential
For every potential investor in Ellington, whether a beginner or expert, Ellington Residential's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ellington Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ellington. Basic forecasting techniques help filter out the noise by identifying Ellington Residential's price trends.Ellington Residential 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 Ellington Residential stock to make a market-neutral strategy. Peer analysis of Ellington Residential could also be used in its relative valuation, which is a method of valuing Ellington Residential by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ellington Residential 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 Ellington Residential'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 Ellington Residential's current price.| Cycle Indicators | ||
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| Pattern Recognition | ||
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| Volume Indicators |
Ellington Residential Market Strength Events
Market strength indicators help investors to evaluate how Ellington Residential stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ellington Residential shares will generate the highest return on investment. By undertsting and applying Ellington Residential stock market strength indicators, traders can identify Ellington Residential Mortgage entry and exit signals to maximize returns.
| Accumulation Distribution | 3846.03 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 6.73 | |||
| Day Typical Price | 6.74 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.02 |
Ellington Residential Risk Indicators
The analysis of Ellington Residential'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 Ellington Residential's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ellington 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 | 0.825 | |||
| Semi Deviation | 0.9807 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.19 | |||
| Downside Variance | 1.19 | |||
| Semi Variance | 0.9617 | |||
| Expected Short fall | (0.97) |
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 Ellington Residential
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 Ellington Residential 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 Ellington Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Ellington Stock
| 0.56 | LC | LendingClub Corp | PairCorr |
| 0.53 | DIST | Distoken Acquisition | PairCorr |
| 0.51 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.5 | V | Visa Class A | PairCorr |
| 0.49 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential 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 Ellington Residential - 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 Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential 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 Ellington Residential 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 Ellington Residential to cross-verify your projections. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Mortgage Real Estate Investment Trusts (REITs) 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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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 0.185 | Dividend Share 0.96 | Earnings Share 1.25 | Revenue Per Share (0.92) | Quarterly Revenue Growth (0.78) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.