Kenon Holdings Stock Forecast - Daily Balance Of Power
| KEN Stock | USD 31.56 0.59 1.84% |
Kenon Stock Forecast is based on your current time horizon. Although Kenon Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Kenon Holdings' systematic risk associated with finding meaningful patterns of Kenon Holdings fundamentals over time.
Kenon |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4054 | 0.9444 |
| Check Kenon Holdings Volatility | Backtest Kenon Holdings | Trend Details |
Kenon Holdings Trading Date Momentum
| On December 26 2024 Kenon Holdings was traded for 32.15 at the closing time. Highest Kenon Holdings's price during the trading hours was 32.18 and the lowest price during the day was 30.18 . The net volume was 21.4 K. The overall trading history on the 26th of December contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 6.74% . The trading delta at closing time to current price is 5.91% . |
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 Kenon Holdings
For every potential investor in Kenon, whether a beginner or expert, Kenon Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kenon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kenon. Basic forecasting techniques help filter out the noise by identifying Kenon Holdings' price trends.Kenon Holdings 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 Kenon Holdings stock to make a market-neutral strategy. Peer analysis of Kenon Holdings could also be used in its relative valuation, which is a method of valuing Kenon Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kenon Holdings 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 Kenon Holdings' 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 Kenon Holdings' current price.| Cycle Indicators | ||
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| Volume Indicators |
Kenon Holdings Market Strength Events
Market strength indicators help investors to evaluate how Kenon Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kenon Holdings shares will generate the highest return on investment. By undertsting and applying Kenon Holdings stock market strength indicators, traders can identify Kenon Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 112.2 | |||
| Daily Balance Of Power | (0.86) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 31.56 | |||
| Day Typical Price | 31.56 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (0.29) | |||
| Period Momentum Indicator | (0.59) |
Kenon Holdings Risk Indicators
The analysis of Kenon Holdings' 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 Kenon Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kenon 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 | 1.31 | |||
| Semi Deviation | 1.36 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.25 | |||
| Downside Variance | 2.65 | |||
| Semi Variance | 1.84 | |||
| Expected Short fall | (1.41) |
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 Kenon Holdings
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 Kenon Holdings 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 Kenon Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Kenon Stock
Moving against Kenon Stock
| 0.82 | CMS-PB | Consumers Energy | PairCorr |
| 0.76 | ED | Consolidated Edison Sell-off Trend | PairCorr |
| 0.76 | DUKB | Duke Energy Corp | PairCorr |
| 0.75 | CMS-PC | CMS Energy | PairCorr |
| 0.73 | FE | FirstEnergy | PairCorr |
The ability to find closely correlated positions to Kenon Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kenon Holdings 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 Kenon Holdings - 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 Kenon Holdings to buy it.
The correlation of Kenon Holdings 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 Kenon Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kenon Holdings 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 Kenon Holdings 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 Historical Fundamental Analysis of Kenon Holdings to cross-verify your projections. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kenon Holdings. If investors know Kenon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kenon Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.348 | Earnings Share (1.44) | Revenue Per Share 13.743 | Quarterly Revenue Growth 0.097 | Return On Assets 0.0088 |
The market value of Kenon Holdings is measured differently than its book value, which is the value of Kenon that is recorded on the company's balance sheet. Investors also form their own opinion of Kenon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kenon Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kenon Holdings' market value can be influenced by many factors that don't directly affect Kenon Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kenon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kenon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kenon Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.