EirGenix Stock Forecast - Market Facilitation Index
| 6589 Stock | TWD 71.70 1.40 1.92% |
EirGenix Stock Forecast is based on your current time horizon.
EirGenix |
| Check EirGenix Volatility | Backtest EirGenix | Information Ratio |
EirGenix Trading Date Momentum
| On December 22 2024 EirGenix was traded for 71.70 at the closing time. The highest price during the trading period was 73.40 and the lowest recorded bid was listed for 71.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 22, 2024 did not affect price variability. The overall trading delta to the current price is 2.23% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for EirGenix
For every potential investor in EirGenix, whether a beginner or expert, EirGenix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EirGenix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EirGenix. Basic forecasting techniques help filter out the noise by identifying EirGenix's price trends.EirGenix 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 EirGenix stock to make a market-neutral strategy. Peer analysis of EirGenix could also be used in its relative valuation, which is a method of valuing EirGenix by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EirGenix 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 EirGenix'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 EirGenix's current price.| Cycle Indicators | ||
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EirGenix Market Strength Events
Market strength indicators help investors to evaluate how EirGenix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EirGenix shares will generate the highest return on investment. By undertsting and applying EirGenix stock market strength indicators, traders can identify EirGenix entry and exit signals to maximize returns.
EirGenix Risk Indicators
The analysis of EirGenix'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 EirGenix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eirgenix 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 | 1.76 | |||
| Standard Deviation | 2.65 | |||
| Variance | 7.03 |
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 EirGenix
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 EirGenix 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 EirGenix will appreciate offsetting losses from the drop in the long position's value.Moving against EirGenix Stock
| 0.63 | 4571 | Khgears International | PairCorr |
| 0.55 | 2891B | CTBC Financial Holding | PairCorr |
| 0.5 | 2345 | Accton Technology Corp | PairCorr |
| 0.49 | 6223 | MPI Corporation | PairCorr |
| 0.46 | 2891 | CTBC Financial Holding | PairCorr |
The ability to find closely correlated positions to EirGenix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EirGenix 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 EirGenix - 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 EirGenix to buy it.
The correlation of EirGenix 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 EirGenix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EirGenix 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 EirGenix 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 EirGenix Stock Analysis
When running EirGenix's price analysis, check to measure EirGenix'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 EirGenix is operating at the current time. Most of EirGenix's value examination focuses on studying past and present price action to predict the probability of EirGenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EirGenix's price. Additionally, you may evaluate how the addition of EirGenix to your portfolios can decrease your overall portfolio volatility.