Beyond Air Stock Forecast - Daily Balance Of Power
| XAIR Stock | USD 0.52 0.05 8.77% |
Beyond Stock Forecast is based on your current time horizon. Although Beyond Air's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Beyond Air's systematic risk associated with finding meaningful patterns of Beyond Air fundamentals over time.
Beyond |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2 | (0.25) |
| Check Beyond Air Volatility | Backtest Beyond Air | Trend Details |
Beyond Air Trading Date Momentum
| On July 30 2024 Beyond Air was traded for 0.56 at the closing time. The top price for the day was 0.62 and the lowest listed price was 0.56 . The trading volume for the day was 229.3 K. The trading history from July 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 9.68% . The overall trading delta against the current closing price is 19.35% . |
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 Beyond Air
For every potential investor in Beyond, whether a beginner or expert, Beyond Air's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beyond Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beyond. Basic forecasting techniques help filter out the noise by identifying Beyond Air's price trends.Beyond Air 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 Beyond Air stock to make a market-neutral strategy. Peer analysis of Beyond Air could also be used in its relative valuation, which is a method of valuing Beyond Air by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beyond Air 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 Beyond Air'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 Beyond Air's current price.| Cycle Indicators | ||
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| Volume Indicators |
Beyond Air Market Strength Events
Market strength indicators help investors to evaluate how Beyond Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beyond Air shares will generate the highest return on investment. By undertsting and applying Beyond Air stock market strength indicators, traders can identify Beyond Air entry and exit signals to maximize returns.
Beyond Air Risk Indicators
The analysis of Beyond Air'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 Beyond Air's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beyond 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 | 5.97 | |||
| Semi Deviation | 6.95 | |||
| Standard Deviation | 7.6 | |||
| Variance | 57.68 | |||
| Downside Variance | 65.84 | |||
| Semi Variance | 48.28 | |||
| Expected Short fall | (7.18) |
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 Beyond Air
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 Beyond Air 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 Beyond Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Beyond Stock
Moving against Beyond Stock
| 0.75 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.63 | DRIO | DarioHealth Corp | PairCorr |
| 0.6 | VERO | Venus Concept | PairCorr |
| 0.47 | CI | Cigna Corp | PairCorr |
The ability to find closely correlated positions to Beyond Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beyond Air 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 Beyond Air - 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 Beyond Air to buy it.
The correlation of Beyond Air 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 Beyond Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beyond Air 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 Beyond Air 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 Beyond Stock Analysis
When running Beyond Air's price analysis, check to measure Beyond Air'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 Beyond Air is operating at the current time. Most of Beyond Air's value examination focuses on studying past and present price action to predict the probability of Beyond Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beyond Air's price. Additionally, you may evaluate how the addition of Beyond Air to your portfolios can decrease your overall portfolio volatility.