Lucky Cement Stock Forecast - Daily Balance Of Power

LUCK Stock   1,027  14.28  1.37%   
Lucky Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Lucky Cement stock prices and determine the direction of Lucky Cement's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Lucky Cement's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On February 27, 2024 Lucky Cement had Daily Balance Of Power of 0.2479. Balance of Power indicator (or BOP) measures the strength of Lucky Cement market sensitivity to bulls and bears. It estimates the ability of Lucky Cement buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Lucky Cement Balance of Power indicator one can determine a trend of the price direction.
Check Lucky Cement VolatilityBacktest Lucky CementTrend Details  

Lucky Cement Trading Date Momentum

On February 28 2024 Lucky Cement was traded for  747.90  at the closing time. The highest price during the trading period was 756.73  and the lowest recorded bid was listed for  720.49 . The volume for the day was 288.6 K. This history from February 28, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 3.33% . The trading delta at closing time to the current price is 2.67% .
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 Lucky Cement

For every potential investor in Lucky, whether a beginner or expert, Lucky Cement's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lucky Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lucky. Basic forecasting techniques help filter out the noise by identifying Lucky Cement's price trends.

Lucky Cement 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 Lucky Cement stock to make a market-neutral strategy. Peer analysis of Lucky Cement could also be used in its relative valuation, which is a method of valuing Lucky Cement by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Lucky Cement 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 Lucky Cement'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 Lucky Cement's current price.

Lucky Cement Market Strength Events

Market strength indicators help investors to evaluate how Lucky Cement stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lucky Cement shares will generate the highest return on investment. By undertsting and applying Lucky Cement stock market strength indicators, traders can identify Lucky Cement entry and exit signals to maximize returns.

Lucky Cement Risk Indicators

The analysis of Lucky Cement'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 Lucky Cement's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lucky 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.
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 Lucky Cement

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 Lucky Cement 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 Lucky Cement will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lucky Stock

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The ability to find closely correlated positions to Lucky Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lucky Cement 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 Lucky Cement - 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 Lucky Cement to buy it.
The correlation of Lucky Cement 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 Lucky Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lucky Cement 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 Lucky Cement 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Lucky Stock

Lucky Cement financial ratios help investors to determine whether Lucky 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 Lucky with respect to the benefits of owning Lucky Cement security.