Materials Petroleum Stock Forecast - Daily Balance Of Power
| COM Stock | 27,650 0.00 0.00% |
Materials Stock Forecast is based on your current time horizon.
Materials |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 1.0 | (0.50) |
| Check Materials Petroleum Volatility | Backtest Materials Petroleum | Trend Details |
Materials Petroleum Trading Date Momentum
| On December 15 2023 Materials Petroleum JSC was traded for 28,133 at the closing time. The maximum traded price for the trading interval was 28,133 and the lowest daily price was 28,133 . The daily volume was recorded at 100.0. The volume of trading on 15th of December 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.65% . The trading delta at closing time to the closing price today is 6.13% . |
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.
Compare Materials Petroleum to competition
Materials Petroleum 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 Materials Petroleum stock to make a market-neutral strategy. Peer analysis of Materials Petroleum could also be used in its relative valuation, which is a method of valuing Materials Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Materials Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Materials Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Materials Petroleum shares will generate the highest return on investment. By undertsting and applying Materials Petroleum stock market strength indicators, traders can identify Materials Petroleum JSC entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 27650.0 | |||
| Day Typical Price | 27650.0 |
Materials Petroleum Risk Indicators
The analysis of Materials Petroleum'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 Materials Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting materials 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 | 3.51 | |||
| Semi Deviation | 4.18 | |||
| Standard Deviation | 4.34 | |||
| Variance | 18.83 | |||
| Downside Variance | 22.21 | |||
| Semi Variance | 17.48 | |||
| Expected Short fall | (3.88) |
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 Materials Petroleum
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 Materials Petroleum 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 Materials Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving against Materials Stock
The ability to find closely correlated positions to Materials Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Materials Petroleum 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 Materials Petroleum - 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 Materials Petroleum JSC to buy it.
The correlation of Materials Petroleum 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 Materials Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Materials Petroleum JSC 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 Materials Petroleum 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 Materials Stock
Materials Petroleum financial ratios help investors to determine whether Materials 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 Materials with respect to the benefits of owning Materials Petroleum security.