Good Gaming OTC Stock Forecast - Daily Balance Of Power
| GMER Stock | USD 0.01 0.0004 4.21% |
Good OTC Stock Forecast is based on your current time horizon.
Good |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.22) | 0.7872 |
| Check Good Gaming Volatility | Backtest Good Gaming | Trend Details |
Good Gaming Trading Date Momentum
| On June 13 2023 Good Gaming was traded for 0.02 at the closing time. The top price for the day was 0.02 and the lowest listed price was 0.02 . The trading volume for the day was 134.1 K. The trading history from June 13, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.90% . The overall trading delta against the current closing price is 9.91% . |
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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Other Forecasting Options for Good Gaming
For every potential investor in Good, whether a beginner or expert, Good Gaming's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Good OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Good. Basic forecasting techniques help filter out the noise by identifying Good Gaming's price trends.Good Gaming 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 Good Gaming otc stock to make a market-neutral strategy. Peer analysis of Good Gaming could also be used in its relative valuation, which is a method of valuing Good Gaming by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Good Gaming Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Good Gaming'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 Good Gaming's current price.| Cycle Indicators | ||
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Good Gaming Market Strength Events
Market strength indicators help investors to evaluate how Good Gaming otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Good Gaming shares will generate the highest return on investment. By undertsting and applying Good Gaming otc stock market strength indicators, traders can identify Good Gaming entry and exit signals to maximize returns.
Good Gaming Risk Indicators
The analysis of Good Gaming'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 Good Gaming's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting good otc 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 | 6.44 | |||
| Semi Deviation | 6.91 | |||
| Standard Deviation | 9.47 | |||
| Variance | 89.71 | |||
| Downside Variance | 72.39 | |||
| Semi Variance | 47.73 | |||
| Expected Short fall | (9.75) |
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 Good Gaming
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 Good Gaming 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 Good Gaming will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Good Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Good Gaming 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 Good Gaming - 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 Good Gaming to buy it.
The correlation of Good Gaming 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 Good Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Good Gaming 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 Good Gaming 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.Additional Tools for Good OTC Stock Analysis
When running Good Gaming's price analysis, check to measure Good Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Good Gaming is operating at the current time. Most of Good Gaming's value examination focuses on studying past and present price action to predict the probability of Good Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Good Gaming's price. Additionally, you may evaluate how the addition of Good Gaming to your portfolios can decrease your overall portfolio volatility.