Prenetics Global Stock Forecast - Daily Balance Of Power
| PRE Stock | USD 5.16 0.05 0.96% |
Prenetics Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Prenetics Global stock prices and determine the direction of Prenetics Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Prenetics Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
Prenetics |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4952 | (0.31) |
| Check Prenetics Global Volatility | Backtest Prenetics Global | Trend Details |
Prenetics Global Trading Date Momentum
| On April 17 2023 Prenetics Global was traded for 12.29 at the closing time. Highest Prenetics Global's price during the trading hours was 12.53 and the lowest price during the day was 12.03 . The net volume was 54.5 K. The overall trading history on the 17th of April 2023 contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 2.16% . The trading delta at closing time to current price is 5.99% . |
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 Prenetics Global
For every potential investor in Prenetics, whether a beginner or expert, Prenetics Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Prenetics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Prenetics. Basic forecasting techniques help filter out the noise by identifying Prenetics Global's price trends.View Prenetics Global Related Equities
| Risk & Return | Correlation |
Prenetics Global 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 Prenetics Global'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 Prenetics Global's current price.| Cycle Indicators | ||
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Prenetics Global Market Strength Events
Market strength indicators help investors to evaluate how Prenetics Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prenetics Global shares will generate the highest return on investment. By undertsting and applying Prenetics Global stock market strength indicators, traders can identify Prenetics Global entry and exit signals to maximize returns.
Prenetics Global Risk Indicators
The analysis of Prenetics Global'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 Prenetics Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting prenetics 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 | 3.64 | |||
| Semi Deviation | 3.93 | |||
| Standard Deviation | 5.25 | |||
| Variance | 27.59 | |||
| Downside Variance | 20.17 | |||
| Semi Variance | 15.48 | |||
| Expected Short fall | (4.62) |
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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Prenetics Global is a strong investment it is important to analyze Prenetics Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Prenetics Global's future performance. For an informed investment choice regarding Prenetics Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Prenetics Global to cross-verify your projections. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Reinsurance 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 Prenetics Global. If investors know Prenetics 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 Prenetics Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.73) | Revenue Per Share 1.878 | Quarterly Revenue Growth 0.043 | Return On Assets (0.10) | Return On Equity (0.22) |
The market value of Prenetics Global is measured differently than its book value, which is the value of Prenetics that is recorded on the company's balance sheet. Investors also form their own opinion of Prenetics Global's value that differs from its market value or its book value, called intrinsic value, which is Prenetics Global'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 Prenetics Global's market value can be influenced by many factors that don't directly affect Prenetics Global'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 Prenetics Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prenetics Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prenetics Global'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.