Shinhan Financial Stock Forecast - Daily Balance Of Power

055550 Stock   52,700  3,700  6.56%   
Shinhan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Shinhan Financial stock prices and determine the direction of Shinhan Financial Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Shinhan Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On March 14, 2024 Shinhan Financial Group had Daily Balance Of Power of 0.9872. Balance of Power indicator (or BOP) measures the strength of Shinhan Financial Group market sensitivity to bulls and bears. It estimates the ability of Shinhan Financial buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Shinhan Financial Balance of Power indicator one can determine a trend of the price direction.
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Shinhan Financial Trading Date Momentum

On March 15 2024 Shinhan Financial Group was traded for  48,028  at the closing time. The highest price during the trading period was 48,996  and the lowest recorded bid was listed for  47,834 . The volume for the day was 4.2 M. This history from March 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.69% . The trading price change to the current price is 6.50% .
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 Shinhan Financial

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

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

Shinhan Financial 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 Shinhan Financial'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 Shinhan Financial's current price.

Shinhan Financial Market Strength Events

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

Shinhan Financial Risk Indicators

The analysis of Shinhan Financial'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 Shinhan Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shinhan 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 Shinhan Financial

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 Shinhan Financial 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 Shinhan Financial will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Shinhan Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinhan Financial 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 Shinhan Financial - 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 Shinhan Financial Group to buy it.
The correlation of Shinhan Financial 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 Shinhan Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinhan Financial 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 Shinhan Financial 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

Additional Information and Resources on Investing in Shinhan Stock

When determining whether Shinhan Financial is a strong investment it is important to analyze Shinhan Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shinhan Financial's future performance. For an informed investment choice regarding Shinhan Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Shinhan Financial to cross-verify your projections.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Shinhan Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shinhan Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shinhan Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.