Sandfire Resources Stock Forecast - Period Momentum Indicator
| S2Z Stock | EUR 5.55 0.05 0.89% |
Sandfire Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Sandfire Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
Sandfire |
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.90) | (0.80) |
| Check Sandfire Resources Volatility | Backtest Sandfire Resources | Trend Details |
Sandfire Resources Trading Date Momentum
| On December 12 2024 Sandfire Resources Limited was traded for 6.30 at the closing time. The highest daily price throughout the period was 6.30 and the lowest price was 6.30 . The daily volume was 520. The net trading volume on 12/12/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.79% . The trading price change to current closing price is 8.66% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Sandfire Resources 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 Sandfire Resources stock to make a market-neutral strategy. Peer analysis of Sandfire Resources could also be used in its relative valuation, which is a method of valuing Sandfire Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sandfire Resources Market Strength Events
Market strength indicators help investors to evaluate how Sandfire Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sandfire Resources shares will generate the highest return on investment. By undertsting and applying Sandfire Resources stock market strength indicators, traders can identify Sandfire Resources Limited entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 5.55 | |||
| Day Typical Price | 5.55 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) | |||
| Relative Strength Index | 63.6 |
Sandfire Resources Risk Indicators
The analysis of Sandfire Resources' 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 Sandfire Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sandfire 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 | 1.48 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.66 |
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.
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Other Information on Investing in Sandfire Stock
Sandfire Resources financial ratios help investors to determine whether Sandfire 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 Sandfire with respect to the benefits of owning Sandfire Resources security.