MorphoSys Stock Forecast - Daily Balance Of Power
MorphoSys Stock Forecast is based on your current time horizon.
MorphoSys |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2051 | 0.4833 |
| Check MorphoSys Volatility | Backtest MorphoSys | Trend Details |
MorphoSys Trading Date Momentum
| On December 22 2023 MorphoSys AG ADR was traded for 9.14 at the closing time. Highest MorphoSys's price during the trading hours was 9.27 and the lowest price during the day was 9.04 . The net volume was 836.9 K. The overall trading history on the 22nd of December contributed to the next trading period price gain. The trading delta at closing time to the next next day price was 0.99% . The trading delta at closing time to current price is 2.21% . |
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.
Compare MorphoSys to competition
View MorphoSys Related Equities
| Risk & Return | Correlation |
MorphoSys Risk Indicators
The analysis of MorphoSys' 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 MorphoSys' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting morphosys 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 | 0.9575 | |||
| Semi Deviation | 1.2 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.09 | |||
| Downside Variance | 2.02 | |||
| Semi Variance | 1.43 | |||
| Expected Short fall | (1.14) |
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 MorphoSys
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 MorphoSys 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 MorphoSys will appreciate offsetting losses from the drop in the long position's value.Moving against MorphoSys Stock
| 0.84 | MMV | MultiMetaVerse Holdings | PairCorr |
| 0.83 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.7 | HSDT | Helius Medical Techn | PairCorr |
| 0.69 | CREVW | Carbon Revolution Public | PairCorr |
| 0.69 | OPTX | Syntec Optics Holdings Trending | PairCorr |
The ability to find closely correlated positions to MorphoSys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MorphoSys 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 MorphoSys - 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 MorphoSys AG ADR to buy it.
The correlation of MorphoSys 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 MorphoSys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MorphoSys AG ADR 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 MorphoSys 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 Correlation 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 persons. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in MorphoSys Stock
If you are still planning to invest in MorphoSys AG ADR 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 MorphoSys' history and understand the potential risks before investing.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Stocks Directory Find actively traded stocks across global markets | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |