Melcor Developments Stock Forecast - Daily Balance Of Power
| MRD Stock | CAD 12.91 0.01 0.08% |
Melcor Stock Forecast is based on your current time horizon. Although Melcor Developments' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Melcor Developments' systematic risk associated with finding meaningful patterns of Melcor Developments fundamentals over time.
Melcor |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.1429 | 0.1667 |
| Check Melcor Developments Volatility | Backtest Melcor Developments | Trend Details |
Melcor Developments Trading Date Momentum
| On June 28 2024 Melcor Developments was traded for 11.50 at the closing time. The maximum traded price for the trading interval was 11.54 and the lowest daily price was 11.39 . The daily volume was recorded at 6.3 K. The volume of trading on 28th of June 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.35% . The trading delta at closing time to the closing price today is 0.44% . |
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 Melcor Developments
For every potential investor in Melcor, whether a beginner or expert, Melcor Developments' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Melcor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Melcor. Basic forecasting techniques help filter out the noise by identifying Melcor Developments' price trends.Melcor Developments 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 Melcor Developments stock to make a market-neutral strategy. Peer analysis of Melcor Developments could also be used in its relative valuation, which is a method of valuing Melcor Developments by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Melcor Developments 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 Melcor Developments' 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 Melcor Developments' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Melcor Developments Market Strength Events
Market strength indicators help investors to evaluate how Melcor Developments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melcor Developments shares will generate the highest return on investment. By undertsting and applying Melcor Developments stock market strength indicators, traders can identify Melcor Developments entry and exit signals to maximize returns.
Melcor Developments Risk Indicators
The analysis of Melcor Developments' 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 Melcor Developments' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting melcor 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 | 0.7054 | |||
| Semi Deviation | 0.7523 | |||
| Standard Deviation | 0.9901 | |||
| Variance | 0.9803 | |||
| Downside Variance | 1.05 | |||
| Semi Variance | 0.566 | |||
| Expected Short fall | (0.81) |
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 Melcor Developments
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 Melcor Developments 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 Melcor Developments will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
The correlation of Melcor Developments 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 Melcor Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor Developments 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 Melcor Developments 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.Other Information on Investing in Melcor Stock
Melcor Developments financial ratios help investors to determine whether Melcor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Melcor with respect to the benefits of owning Melcor Developments security.