Nam Kim Stock Forecast - Daily Balance Of Power

NKG Stock   20,500  1,300  6.77%   
Nam Stock Forecast is based on your current time horizon.
  
Nam Kim Steel has current Daily Balance Of Power of 0.7222. Balance of Power indicator (or BOP) measures the strength of Nam Kim Steel market sensitivity to bulls and bears. It estimates the ability of Nam Kim buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Nam Kim Balance of Power indicator one can determine a trend of the price direction.
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Nam Kim Trading Date Momentum

On December 04 2024 Nam Kim Steel was traded for  20,500  at the closing time. The maximum traded price for the trading interval was 20,500  and the lowest daily price was  18,700 . The daily volume was recorded at 5 M. The volume of trading on 4th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 4.88% .
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 Nam Kim

For every potential investor in Nam, whether a beginner or expert, Nam Kim's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nam Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nam. Basic forecasting techniques help filter out the noise by identifying Nam Kim's price trends.

Nam Kim 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 Nam Kim stock to make a market-neutral strategy. Peer analysis of Nam Kim could also be used in its relative valuation, which is a method of valuing Nam Kim by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Nam Kim Steel 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 Nam Kim'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 Nam Kim's current price.

Nam Kim Market Strength Events

Market strength indicators help investors to evaluate how Nam Kim stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nam Kim shares will generate the highest return on investment. By undertsting and applying Nam Kim stock market strength indicators, traders can identify Nam Kim Steel entry and exit signals to maximize returns.

Nam Kim Risk Indicators

The analysis of Nam Kim'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 Nam Kim's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nam 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 Nam Kim

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 Nam Kim 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 Nam Kim will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nam Stock

  0.61FIT FIT INVEST JSCPairCorr
  0.77ADS Damsan JSCPairCorr
  0.69AAA An Phat PlasticPairCorr
The ability to find closely correlated positions to Nam Kim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nam Kim 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 Nam Kim - 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 Nam Kim Steel to buy it.
The correlation of Nam Kim 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 Nam Kim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nam Kim Steel 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 Nam Kim 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Nam Stock

Nam Kim financial ratios help investors to determine whether Nam 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 Nam with respect to the benefits of owning Nam Kim security.