Mullen Stock Forecast - Daily Balance Of Power
| MTL Stock | CAD 15.46 0.29 1.84% |
Mullen Stock Forecast is based on your current time horizon. Although Mullen's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mullen's systematic risk associated with finding meaningful patterns of Mullen fundamentals over time.
Mullen |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.75) | 0.2857 |
| Check Mullen Volatility | Backtest Mullen | Trend Details |
Mullen Trading Date Momentum
| On October 09 2024 Mullen Group was traded for 14.18 at the closing time. The maximum traded price for the trading interval was 14.24 and the lowest daily price was 13.99 . The daily volume was recorded at 123.7 K. The volume of trading on 9th of October 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.71% . The trading delta at closing time to the closing price today is 3.05% . |
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 Mullen
For every potential investor in Mullen, whether a beginner or expert, Mullen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mullen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mullen. Basic forecasting techniques help filter out the noise by identifying Mullen's price trends.Mullen 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 Mullen stock to make a market-neutral strategy. Peer analysis of Mullen could also be used in its relative valuation, which is a method of valuing Mullen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mullen Group 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 Mullen'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 Mullen's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mullen Market Strength Events
Market strength indicators help investors to evaluate how Mullen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mullen shares will generate the highest return on investment. By undertsting and applying Mullen stock market strength indicators, traders can identify Mullen Group entry and exit signals to maximize returns.
| Accumulation Distribution | 4971.07 | |||
| Daily Balance Of Power | (0.69) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 15.51 | |||
| Day Typical Price | 15.49 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | (0.29) | |||
| Relative Strength Index | 64.86 |
Mullen Risk Indicators
The analysis of Mullen'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 Mullen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mullen 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 | 0.8717 | |||
| Semi Deviation | 0.7814 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.15 | |||
| Downside Variance | 1.01 | |||
| Semi Variance | 0.6105 | |||
| Expected Short fall | (0.98) |
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 Mullen
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 Mullen 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 Mullen will appreciate offsetting losses from the drop in the long position's value.Moving together with Mullen Stock
Moving against Mullen Stock
The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen 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 Mullen - 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 Mullen Group to buy it.
The correlation of Mullen 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 Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group 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 Mullen 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 Mullen Stock
Mullen financial ratios help investors to determine whether Mullen 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 Mullen with respect to the benefits of owning Mullen security.