Sunfon Construction Stock Forecast - Daily Balance Of Power
| 5514 Stock | TWD 19.60 0.20 1.01% |
Sunfon Stock Forecast is based on your current time horizon.
Sunfon |
| Check Sunfon Construction Volatility | Backtest Sunfon Construction | Trend Details |
Sunfon Construction Trading Date Momentum
| On February 27 2024 Sunfon Construction Co was traded for 19.80 at the closing time. The highest price during the trading period was 19.80 and the lowest recorded bid was listed for 19.70 . The volume for the day was 10 K. This history from February 27, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.51% . |
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 Sunfon Construction
For every potential investor in Sunfon, whether a beginner or expert, Sunfon Construction's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sunfon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sunfon. Basic forecasting techniques help filter out the noise by identifying Sunfon Construction's price trends.Sunfon Construction 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 Sunfon Construction stock to make a market-neutral strategy. Peer analysis of Sunfon Construction could also be used in its relative valuation, which is a method of valuing Sunfon Construction by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sunfon Construction 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 Sunfon 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 Sunfon Construction's current price.| Cycle Indicators | ||
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Sunfon Construction Market Strength Events
Market strength indicators help investors to evaluate how Sunfon 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 Sunfon Construction shares will generate the highest return on investment. By undertsting and applying Sunfon Construction stock market strength indicators, traders can identify Sunfon Construction Co entry and exit signals to maximize returns.
Sunfon Construction Risk Indicators
The analysis of Sunfon 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 Sunfon Construction's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sunfon 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.
| Mean Deviation | 0.6832 | |||
| Standard Deviation | 0.9004 | |||
| Variance | 0.8108 |
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 Sunfon 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 Sunfon 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 Sunfon Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Sunfon Stock
| 0.82 | 2923 | Sino Horizon Holdings | PairCorr |
| 0.95 | 1808 | Run Long Construction | PairCorr |
| 0.81 | 5534 | Chong Hong Construction | PairCorr |
| 0.85 | 9940 | Sinyi Realty | PairCorr |
| 0.79 | 2540 | JSL Construction Dev | PairCorr |
Moving against Sunfon Stock
| 0.95 | 2881A | Fubon Financial Holding | PairCorr |
| 0.89 | 3036A | WT Microelectronics | PairCorr |
| 0.88 | 1231 | Lian Hwa Foods | PairCorr |
| 0.86 | 2882B | Cathay Financial Holding | PairCorr |
| 0.84 | 2603 | Evergreen Marine Corp | PairCorr |
The ability to find closely correlated positions to Sunfon 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 Sunfon 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 Sunfon 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 Sunfon Construction Co to buy it.
The correlation of Sunfon 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 Sunfon Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunfon Construction 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 Sunfon 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.Additional Tools for Sunfon Stock Analysis
When running Sunfon Construction's price analysis, check to measure Sunfon Construction'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 Sunfon Construction is operating at the current time. Most of Sunfon Construction's value examination focuses on studying past and present price action to predict the probability of Sunfon Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunfon Construction's price. Additionally, you may evaluate how the addition of Sunfon Construction to your portfolios can decrease your overall portfolio volatility.