Bluebik Group Stock Forecast - Daily Balance Of Power
Investors can use prediction functions to forecast Bluebik Group's stock prices and determine the direction of Bluebik Group PCL's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Bluebik Group's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
On September 23, 2024 Bluebik Group PCL had Daily Balance Of Power of 0. Balance of Power indicator (or BOP) measures the strength of Bluebik Group PCL market sensitivity to bulls and bears. It estimates the ability of Bluebik Group buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Bluebik Group Balance of Power indicator one can determine a trend of the price direction.Bluebik |
| Check Bluebik Group Volatility | Backtest Bluebik Group | Information Ratio |
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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Bluebik Group 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 Bluebik Group stock to make a market-neutral strategy. Peer analysis of Bluebik Group could also be used in its relative valuation, which is a method of valuing Bluebik Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bluebik Group Risk Indicators
The analysis of Bluebik Group'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 Bluebik Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bluebik 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 | 1.87 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.38 |
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.
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Tools for Bluebik Stock
When running Bluebik Group's price analysis, check to measure Bluebik Group'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 Bluebik Group is operating at the current time. Most of Bluebik Group's value examination focuses on studying past and present price action to predict the probability of Bluebik Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluebik Group's price. Additionally, you may evaluate how the addition of Bluebik Group to your portfolios can decrease your overall portfolio volatility.
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