BenQ Stock Forecast is based on your current time horizon.
BenQ
BenQ Medical Technology has current Price Action Indicator of 0.075. Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
On December 04 2024 BenQ Medical Technology was traded for 48.40 at the closing time. The highest price during the trading period was 49.20 and the lowest recorded bid was listed for 47.85 . There was no trading activity during the period 0.0. Lack of trading volume on December 4, 2024 did not affect price variability. The overall trading delta to the current price is 0.83% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
For every potential investor in BenQ, whether a beginner or expert, BenQ Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BenQ Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BenQ. Basic forecasting techniques help filter out the noise by identifying BenQ Medical's price trends.
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 BenQ Medical stock to make a market-neutral strategy. Peer analysis of BenQ Medical could also be used in its relative valuation, which is a method of valuing BenQ Medical by comparing valuation metrics with similar companies.
BenQ Medical Technology 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 BenQ Medical'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 BenQ Medical's current price.
Market strength indicators help investors to evaluate how BenQ Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BenQ Medical shares will generate the highest return on investment. By undertsting and applying BenQ Medical stock market strength indicators, traders can identify BenQ Medical Technology entry and exit signals to maximize returns.
The analysis of BenQ Medical'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 BenQ Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting benq 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 BenQ Medical
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 BenQ Medical 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 BenQ Medical will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BenQ Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BenQ Medical 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 BenQ Medical - 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 BenQ Medical Technology to buy it.
The correlation of BenQ Medical 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 BenQ Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BenQ Medical Technology 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 BenQ Medical 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.
When running BenQ Medical's price analysis, check to measure BenQ Medical'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 BenQ Medical is operating at the current time. Most of BenQ Medical's value examination focuses on studying past and present price action to predict the probability of BenQ Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BenQ Medical's price. Additionally, you may evaluate how the addition of BenQ Medical to your portfolios can decrease your overall portfolio volatility.