Standard Stock Forecast - Daily Balance Of Power
| SMP Stock | USD 32.88 0.10 0.31% |
Standard Stock Forecast is based on your current time horizon. Although Standard's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Standard's systematic risk associated with finding meaningful patterns of Standard fundamentals over time.
Standard |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.74) | (0.46) |
| Check Standard Volatility | Backtest Standard | Trend Details |
Standard Trading Date Momentum
| On July 03 2024 Standard Motor Products was traded for 26.50 at the closing time. Highest Standard's price during the trading hours was 26.59 and the lowest price during the day was 26.18 . The net volume was 59.7 K. The overall trading history on the 3rd of July contributed to the next trading period price gain. The trading price change to the next next day price was 0.80% . The trading price change to current price is 0.23% . |
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 Standard to competition |
Other Forecasting Options for Standard
For every potential investor in Standard, whether a beginner or expert, Standard's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Standard Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Standard. Basic forecasting techniques help filter out the noise by identifying Standard's price trends.Standard 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 Standard stock to make a market-neutral strategy. Peer analysis of Standard could also be used in its relative valuation, which is a method of valuing Standard by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Standard Motor Products 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 Standard'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 Standard's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Standard Market Strength Events
Market strength indicators help investors to evaluate how Standard stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Standard shares will generate the highest return on investment. By undertsting and applying Standard stock market strength indicators, traders can identify Standard Motor Products entry and exit signals to maximize returns.
Standard Risk Indicators
The analysis of Standard'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 Standard's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting standard 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 | 1.73 | |||
| Semi Deviation | 2.0 | |||
| Standard Deviation | 3.04 | |||
| Variance | 9.25 | |||
| Downside Variance | 4.34 | |||
| Semi Variance | 4.0 | |||
| Expected Short fall | (1.87) |
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 Standard
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 Standard 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 Standard will appreciate offsetting losses from the drop in the long position's value.Moving against Standard Stock
| 0.45 | LOBO | LOBO EV TECHNOLOGIES | PairCorr |
| 0.45 | RACE | Ferrari NV | PairCorr |
| 0.33 | LI | Li Auto | PairCorr |
| 0.32 | HMC | Honda Motor | PairCorr |
The ability to find closely correlated positions to Standard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Standard 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 Standard - 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 Standard Motor Products to buy it.
The correlation of Standard 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 Standard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Standard Motor Products 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 Standard 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.Additional Tools for Standard Stock Analysis
When running Standard's price analysis, check to measure Standard's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Standard is operating at the current time. Most of Standard's value examination focuses on studying past and present price action to predict the probability of Standard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard's price. Additionally, you may evaluate how the addition of Standard to your portfolios can decrease your overall portfolio volatility.