First Quantum Stock Forecast - Daily Balance Of Power
| FM Stock | CAD 19.13 0.33 1.76% |
First Stock Forecast is based on your current time horizon. Although First Quantum's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of First Quantum's systematic risk associated with finding meaningful patterns of First Quantum fundamentals over time.
First |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.79) | 0.7 |
| Check First Quantum Volatility | Backtest First Quantum | Trend Details |
First Quantum Trading Date Momentum
| On October 21 2024 First Quantum Minerals was traded for 18.01 at the closing time. The highest daily price throughout the period was 18.35 and the lowest price was 17.77 . The daily volume was 1.1 M. The net trading volume on 10/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.58% . The overall trading delta to current closing price is 5.19% . |
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 First Quantum
For every potential investor in First, whether a beginner or expert, First Quantum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. First Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in First. Basic forecasting techniques help filter out the noise by identifying First Quantum's price trends.First Quantum 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 First Quantum stock to make a market-neutral strategy. Peer analysis of First Quantum could also be used in its relative valuation, which is a method of valuing First Quantum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Quantum Minerals 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 First Quantum'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 First Quantum's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
First Quantum Market Strength Events
Market strength indicators help investors to evaluate how First Quantum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Quantum shares will generate the highest return on investment. By undertsting and applying First Quantum stock market strength indicators, traders can identify First Quantum Minerals entry and exit signals to maximize returns.
First Quantum Risk Indicators
The analysis of First Quantum'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 First Quantum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first 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 | 2.36 | |||
| Semi Deviation | 3.32 | |||
| Standard Deviation | 3.3 | |||
| Variance | 10.87 | |||
| Downside Variance | 12.02 | |||
| Semi Variance | 10.99 | |||
| Expected Short fall | (2.56) |
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 First Quantum
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 First Quantum 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 First Quantum will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.67 | AG | First Majestic Silver | PairCorr |
| 0.72 | IE | Ivanhoe Energy | PairCorr |
| 0.73 | FDY | Faraday Copper Corp | PairCorr |
Moving against First Stock
The ability to find closely correlated positions to First Quantum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Quantum 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 First Quantum - 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 First Quantum Minerals to buy it.
The correlation of First Quantum 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 First Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals 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 First Quantum 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.Other Information on Investing in First Stock
First Quantum financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Quantum security.