Engro Polymer Stock Forecast - Daily Balance Of Power
| EPCL Stock | 39.91 0.39 0.97% |
Engro Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Engro Polymer stock prices and determine the direction of Engro Polymer Chemicals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Engro Polymer's historical fundamentals, such as revenue growth or operating cash flow patterns.
Engro |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.09) | 0.3918 |
| Check Engro Polymer Volatility | Backtest Engro Polymer | Trend Details |
Engro Polymer Trading Date Momentum
| On December 22 2023 Engro Polymer Chemicals was traded for 44.61 at the closing time. The highest price during the trading period was 45.78 and the lowest recorded bid was listed for 44.56 . The volume for the day was 1.4 M. This history from December 22, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.76% . The overall trading delta to the current price is 0.47% . |
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 Engro Polymer to competition |
Other Forecasting Options for Engro Polymer
For every potential investor in Engro, whether a beginner or expert, Engro Polymer's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Engro Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Engro. Basic forecasting techniques help filter out the noise by identifying Engro Polymer's price trends.Engro Polymer 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 Engro Polymer stock to make a market-neutral strategy. Peer analysis of Engro Polymer could also be used in its relative valuation, which is a method of valuing Engro Polymer by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Engro Polymer Chemicals 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 Engro Polymer'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 Engro Polymer's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Engro Polymer Market Strength Events
Market strength indicators help investors to evaluate how Engro Polymer stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Engro Polymer shares will generate the highest return on investment. By undertsting and applying Engro Polymer stock market strength indicators, traders can identify Engro Polymer Chemicals entry and exit signals to maximize returns.
Engro Polymer Risk Indicators
The analysis of Engro Polymer'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 Engro Polymer's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting engro 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 | 1.56 | |||
| Semi Deviation | 1.72 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.59 | |||
| Downside Variance | 3.35 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.81) |
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 Engro Polymer
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 Engro Polymer 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 Engro Polymer will appreciate offsetting losses from the drop in the long position's value.Moving together with Engro Stock
| 0.85 | FFL | Fauji Foods | PairCorr |
| 0.85 | KSBP | KSB Pumps | PairCorr |
| 0.64 | MARI | Mari Petroleum Split | PairCorr |
| 0.91 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Engro Polymer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Engro Polymer 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 Engro Polymer - 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 Engro Polymer Chemicals to buy it.
The correlation of Engro Polymer 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 Engro Polymer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Engro Polymer Chemicals 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 Engro Polymer 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 Engro Stock
Engro Polymer financial ratios help investors to determine whether Engro 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 Engro with respect to the benefits of owning Engro Polymer security.