Blue Ocean Stock Forecast - Daily Balance Of Power
| BOCN Stock | USD 10.72 0.20 1.90% |
Blue Stock Forecast is based on your current time horizon. Although Blue Ocean's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Blue Ocean's systematic risk associated with finding meaningful patterns of Blue Ocean fundamentals over time.
Blue |
| Check Blue Ocean Volatility | Backtest Blue Ocean | Trend Details |
Blue Ocean Trading Date Momentum
| On June 05 2023 Blue Ocean Acquisition was traded for 10.50 at the closing time. The top price for the day was 10.52 and the lowest listed price was 10.50 . The trading volume for the day was 7.4 K. The trading history from June 5, 2023 did not affect price variability. The overall trading delta against the current closing price is 0.48% . |
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 Blue Ocean
For every potential investor in Blue, whether a beginner or expert, Blue Ocean's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Blue Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Blue. Basic forecasting techniques help filter out the noise by identifying Blue Ocean's price trends.Blue Ocean 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 Blue Ocean stock to make a market-neutral strategy. Peer analysis of Blue Ocean could also be used in its relative valuation, which is a method of valuing Blue Ocean by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Blue Ocean Acquisition 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 Blue Ocean'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 Blue Ocean's current price.| Cycle Indicators | ||
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| Volume Indicators |
Blue Ocean Market Strength Events
Market strength indicators help investors to evaluate how Blue Ocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blue Ocean shares will generate the highest return on investment. By undertsting and applying Blue Ocean stock market strength indicators, traders can identify Blue Ocean Acquisition entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 10.72 | |||
| Day Typical Price | 10.72 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.2 |
Blue Ocean Risk Indicators
The analysis of Blue Ocean'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 Blue Ocean's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blue 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 | 1.09 | |||
| Standard Deviation | 3.5 | |||
| Variance | 12.25 |
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 Blue Ocean
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 Blue Ocean 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 Blue Ocean will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Blue Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ocean 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 Blue Ocean - 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 Blue Ocean Acquisition to buy it.
The correlation of Blue Ocean 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 Blue Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ocean Acquisition 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 Blue Ocean 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.Other Information on Investing in Blue Stock
Blue Ocean financial ratios help investors to determine whether Blue Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blue with respect to the benefits of owning Blue Ocean security.