Century Aluminum Stock Forecast - Daily Balance Of Power
| EY3 Stock | EUR 17.45 0.02 0.11% |
Century Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Century Aluminum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Century |
| Check Century Aluminum Volatility | Backtest Century Aluminum | Trend Details |
Century Aluminum Trading Date Momentum
| On September 17 2024 Century Aluminum was traded for 12.64 at the closing time. The highest daily price throughout the period was 12.64 and the lowest price was 12.64 . The daily volume was 100.0. The net trading volume on 09/17/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 3.86% . The overall trading delta to current closing price is 4.11% . |
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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Century Aluminum 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 Century Aluminum stock to make a market-neutral strategy. Peer analysis of Century Aluminum could also be used in its relative valuation, which is a method of valuing Century Aluminum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Century Aluminum Market Strength Events
Market strength indicators help investors to evaluate how Century Aluminum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Century Aluminum shares will generate the highest return on investment. By undertsting and applying Century Aluminum stock market strength indicators, traders can identify Century Aluminum entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17.45 | |||
| Day Typical Price | 17.45 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 47.85 |
Century Aluminum Risk Indicators
The analysis of Century Aluminum'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 Century Aluminum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting century 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 | 2.92 | |||
| Semi Deviation | 2.55 | |||
| Standard Deviation | 4.15 | |||
| Variance | 17.26 | |||
| Downside Variance | 7.84 | |||
| Semi Variance | 6.5 | |||
| Expected Short fall | (3.57) |
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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Additional Information and Resources on Investing in Century Stock
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock: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 board of governors. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.