Singatron Enterprise Stock Forecast - Daily Balance Of Power

6126 Stock  TWD 29.90  0.20  0.66%   
Singatron Stock Forecast is based on your current time horizon.
  
On April 18, 2023 Singatron Enterprise Co had Daily Balance Of Power of (0.75). Balance of Power indicator (or BOP) measures the strength of Singatron Enterprise Co market sensitivity to bulls and bears. It estimates the ability of Singatron Enterprise buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Singatron Enterprise Balance of Power indicator one can determine a trend of the price direction.
Check Singatron Enterprise VolatilityBacktest Singatron EnterpriseTrend Details  

Singatron Enterprise Trading Date Momentum

On April 19 2023 Singatron Enterprise Co was traded for  23.20  at the closing time. The highest price during the trading period was 23.40  and the lowest recorded bid was listed for  23.20 . The volume for the day was 298 K. This history from April 19, 2023 did not result in any price rise and fall. The trading price change to the current price is 4.09% .
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 Singatron Enterprise

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

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

Singatron Enterprise 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 Singatron Enterprise'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 Singatron Enterprise's current price.

Singatron Enterprise Market Strength Events

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

Singatron Enterprise Risk Indicators

The analysis of Singatron Enterprise'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 Singatron Enterprise's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting singatron 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 Singatron Enterprise

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 Singatron Enterprise 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 Singatron Enterprise will appreciate offsetting losses from the drop in the long position's value.

Moving together with Singatron Stock

  0.782317 Hon Hai PrecisionPairCorr

Moving against Singatron Stock

  0.713008 LARGAN PrecisionPairCorr
The ability to find closely correlated positions to Singatron Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Singatron Enterprise 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 Singatron Enterprise - 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 Singatron Enterprise Co to buy it.
The correlation of Singatron Enterprise 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 Singatron Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Singatron Enterprise 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 Singatron Enterprise 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 Tools for Singatron Stock Analysis

When running Singatron Enterprise's price analysis, check to measure Singatron Enterprise'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 Singatron Enterprise is operating at the current time. Most of Singatron Enterprise's value examination focuses on studying past and present price action to predict the probability of Singatron Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singatron Enterprise's price. Additionally, you may evaluate how the addition of Singatron Enterprise to your portfolios can decrease your overall portfolio volatility.