1369 Stock Forecast is based on your current time horizon.
1369
1369 Construction JSC has current Daily Balance Of Power of (0.33). Balance of Power indicator (or BOP) measures the strength of 1369 Construction JSC market sensitivity to bulls and bears. It estimates the ability of 1369 Construction buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring 1369 Construction Balance of Power indicator one can determine a trend of the price direction.
On December 29 2024 1369 Construction JSC was traded for 6,500 at the closing time. The maximum traded price for the trading interval was 6,700 and the lowest daily price was 6,400 . There was no trading activity during the period 0.0. Lack of trading volume on 29th of December 2024 had no effect on price fluctuation. The daily price change to the closing price today is 0.00% .
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.
For every potential investor in 1369, whether a beginner or expert, 1369 Construction's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 1369 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 1369. Basic forecasting techniques help filter out the noise by identifying 1369 Construction'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 1369 Construction stock to make a market-neutral strategy. Peer analysis of 1369 Construction could also be used in its relative valuation, which is a method of valuing 1369 Construction by comparing valuation metrics with similar companies.
1369 Construction JSC 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 1369 Construction'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 1369 Construction's current price.
Market strength indicators help investors to evaluate how 1369 Construction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 1369 Construction shares will generate the highest return on investment. By undertsting and applying 1369 Construction stock market strength indicators, traders can identify 1369 Construction JSC entry and exit signals to maximize returns.
The analysis of 1369 Construction'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 1369 Construction's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 1369 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 1369 Construction
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 1369 Construction 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 1369 Construction will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to 1369 Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1369 Construction 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 1369 Construction - 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 1369 Construction JSC to buy it.
The correlation of 1369 Construction 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 1369 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 1369 Construction JSC 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 1369 Construction 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.
1369 Construction financial ratios help investors to determine whether 1369 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 1369 with respect to the benefits of owning 1369 Construction security.