ENCP Old Stock Forecast - Daily Balance Of Power
ENCP Stock Forecast is based on your current time horizon.
ENCP |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.275 | (0.01) |
| Check ENCP Old Volatility | Backtest ENCP Old | Trend Details |
ENCP Old Trading Date Momentum
| On February 27 2024 ENCP Old was traded for 11.01 at the closing time. The top price for the day was 12.40 and the lowest listed price was 10.80 . The trading volume for the day was 35.6 K. The trading history from February 27, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 11.85% . The overall trading delta against the current closing price is 65.73% . |
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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ENCP Old 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 ENCP Old stock to make a market-neutral strategy. Peer analysis of ENCP Old could also be used in its relative valuation, which is a method of valuing ENCP Old by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with ENCP Old
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 ENCP Old 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 ENCP Old will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ENCP Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENCP Old 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 ENCP Old - 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 ENCP Old to buy it.
The correlation of ENCP Old 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 ENCP Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENCP Old 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 ENCP Old 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.Check out Investing Opportunities 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 main economic indicators. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in ENCP Stock
If you are still planning to invest in ENCP Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ENCP Old's history and understand the potential risks before investing.
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