JUSUNG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast JUSUNG ENGINEERING stock prices and determine the direction of JUSUNG ENGINEERING Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of JUSUNG ENGINEERING's historical fundamentals, such as revenue growth or operating cash flow patterns.
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On September 10, 2024 JUSUNG ENGINEERING Co had Daily Balance Of Power of (0.75). Balance of Power indicator (or BOP) measures the strength of JUSUNG ENGINEERING Co market sensitivity to bulls and bears. It estimates the ability of JUSUNG ENGINEERING buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring JUSUNG ENGINEERING Balance of Power indicator one can determine a trend of the price direction.
On September 11 2024 JUSUNG ENGINEERING Co was traded for 22,250 at the closing time. The highest price during the trading period was 22,950 and the lowest recorded bid was listed for 22,100 . The volume for the day was 292.1 K. This history from September 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.22% . The trading delta at closing time to the current price is 10.54% .
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 JUSUNG, whether a beginner or expert, JUSUNG ENGINEERING's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. JUSUNG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in JUSUNG. Basic forecasting techniques help filter out the noise by identifying JUSUNG ENGINEERING'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 JUSUNG ENGINEERING stock to make a market-neutral strategy. Peer analysis of JUSUNG ENGINEERING could also be used in its relative valuation, which is a method of valuing JUSUNG ENGINEERING by comparing valuation metrics with similar companies.
JUSUNG ENGINEERING 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 JUSUNG ENGINEERING'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 JUSUNG ENGINEERING's current price.
Market strength indicators help investors to evaluate how JUSUNG ENGINEERING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JUSUNG ENGINEERING shares will generate the highest return on investment. By undertsting and applying JUSUNG ENGINEERING stock market strength indicators, traders can identify JUSUNG ENGINEERING Co entry and exit signals to maximize returns.
The analysis of JUSUNG ENGINEERING'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 JUSUNG ENGINEERING's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jusung 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 JUSUNG ENGINEERING
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 JUSUNG ENGINEERING 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 JUSUNG ENGINEERING will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to JUSUNG ENGINEERING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JUSUNG ENGINEERING 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 JUSUNG ENGINEERING - 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 JUSUNG ENGINEERING Co to buy it.
The correlation of JUSUNG ENGINEERING 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 JUSUNG ENGINEERING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JUSUNG ENGINEERING 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 JUSUNG ENGINEERING 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.
JUSUNG ENGINEERING financial ratios help investors to determine whether JUSUNG 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 JUSUNG with respect to the benefits of owning JUSUNG ENGINEERING security.