Magyar Bancorp Stock Forecast - Daily Balance Of Power
| MGYR Stock | USD 14.65 0.14 0.96% |
Magyar Stock Forecast is based on your current time horizon. Although Magyar Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Magyar Bancorp's systematic risk associated with finding meaningful patterns of Magyar Bancorp fundamentals over time.
Magyar |
| Check Magyar Bancorp Volatility | Backtest Magyar Bancorp | Trend Details |
Magyar Bancorp Trading Date Momentum
| On November 15 2024 Magyar Bancorp was traded for 12.83 at the closing time. The top price for the day was 12.96 and the lowest listed price was 12.77 . The trading volume for the day was 4.7 K. The trading history from November 15, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.23% . The trading delta at closing time against the current closing price is 0.70% . |
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 Magyar Bancorp
For every potential investor in Magyar, whether a beginner or expert, Magyar Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magyar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magyar. Basic forecasting techniques help filter out the noise by identifying Magyar Bancorp's price trends.Magyar Bancorp 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 Magyar Bancorp stock to make a market-neutral strategy. Peer analysis of Magyar Bancorp could also be used in its relative valuation, which is a method of valuing Magyar Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magyar Bancorp 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 Magyar Bancorp'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 Magyar Bancorp's current price.| Cycle Indicators | ||
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Magyar Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Magyar Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magyar Bancorp shares will generate the highest return on investment. By undertsting and applying Magyar Bancorp stock market strength indicators, traders can identify Magyar Bancorp entry and exit signals to maximize returns.
Magyar Bancorp Risk Indicators
The analysis of Magyar Bancorp'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 Magyar Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magyar 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 | 1.02 | |||
| Semi Deviation | 0.8557 | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.31 | |||
| Downside Variance | 1.56 | |||
| Semi Variance | 0.7323 | |||
| Expected Short fall | (1.27) |
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 Magyar Bancorp
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 Magyar Bancorp 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 Magyar Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Magyar Stock
| 0.65 | AX | Axos Financial | PairCorr |
| 0.7 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.72 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Magyar Stock
| 0.82 | TFC-PO | Truist Financial | PairCorr |
| 0.8 | NU | Nu Holdings | PairCorr |
| 0.79 | TFC-PR | Truist Financial | PairCorr |
| 0.78 | CFG-PE | Citizens Financial | PairCorr |
| 0.6 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Magyar Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magyar Bancorp 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 Magyar Bancorp - 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 Magyar Bancorp to buy it.
The correlation of Magyar Bancorp 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 Magyar Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magyar Bancorp 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 Magyar Bancorp 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 Magyar Stock Analysis
When running Magyar Bancorp's price analysis, check to measure Magyar Bancorp'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 Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.