Great Elm Stock Forecast - Daily Balance Of Power
| GECCNDelisted Stock | USD 24.77 0.01 0.04% |
Great Stock Forecast is based on your current time horizon.
Great |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (1.00) | (1.00) |
| Check Great Elm Volatility | Backtest Great Elm | Trend Details |
Great Elm Trading Date Momentum
| On April 03 2023 Great Elm Capital was traded for 24.10 at the closing time. The highest daily price throughout the period was 24.49 and the lowest price was 24.10 . The daily volume was 500. The net trading volume on 04/03/2023 added to the next day price boost. The overall trading delta to closing price of the next trading day was 0.50% . The overall trading delta to current closing price is 1.75% . |
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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Great Elm 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 Great Elm stock to make a market-neutral strategy. Peer analysis of Great Elm could also be used in its relative valuation, which is a method of valuing Great Elm by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Great Elm Market Strength Events
Market strength indicators help investors to evaluate how Great Elm stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Great Elm shares will generate the highest return on investment. By undertsting and applying Great Elm stock market strength indicators, traders can identify Great Elm Capital entry and exit signals to maximize returns.
Great Elm Risk Indicators
The analysis of Great Elm'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 Great Elm's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting great 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 | 0.4054 | |||
| Semi Deviation | 0.4188 | |||
| Standard Deviation | 0.5612 | |||
| Variance | 0.3149 | |||
| Downside Variance | 0.3115 | |||
| Semi Variance | 0.1754 | |||
| Expected Short fall | (0.53) |
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 Great Elm
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 Great Elm 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 Great Elm will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
| 0.88 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.84 | ARE | Alexandria Real Estate Sell-off Trend | PairCorr |
| 0.82 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.81 | ESALF | Eisai | PairCorr |
| 0.76 | MZDAF | Mazda Motor | PairCorr |
The ability to find closely correlated positions to Great Elm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Elm 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 Great Elm - 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 Great Elm Capital to buy it.
The correlation of Great Elm 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 Great Elm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Elm Capital 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 Great Elm 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 Risk vs Return Analysis 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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Great Stock
If you are still planning to invest in Great Elm Capital 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 Great Elm's history and understand the potential risks before investing.
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