Book Stock Forecast - Daily Balance Of Power
| STC Stock | 17,000 0.00 0.00% |
Book |
| Check Book Volatility | Backtest Book | Trend Details |
Book Trading Date Momentum
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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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Book 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 Book stock to make a market-neutral strategy. Peer analysis of Book could also be used in its relative valuation, which is a method of valuing Book by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Book Market Strength Events
Market strength indicators help investors to evaluate how Book stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Book shares will generate the highest return on investment. By undertsting and applying Book stock market strength indicators, traders can identify Book And Educational entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17000.0 | |||
| Day Typical Price | 17000.0 | |||
| Relative Strength Index | 56.53 |
Book Risk Indicators
The analysis of Book'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 Book's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting book 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 | 1.75 | |||
| Semi Deviation | 2.73 | |||
| Standard Deviation | 3.22 | |||
| Variance | 10.39 | |||
| Downside Variance | 20.17 | |||
| Semi Variance | 7.43 | |||
| Expected Short fall | (3.06) |
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 Book
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 Book 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 Book will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Book could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Book 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 Book - 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 Book And Educational to buy it.
The correlation of Book 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 Book moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Book And Educational 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 Book 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.