Gaucho Group Stock Forecast - Daily Balance Of Power
| VINODelisted Stock | USD 1.15 0.44 61.97% |
Gaucho Stock Forecast is based on your current time horizon.
Gaucho |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.7 | (0.38) |
| Check Gaucho Group Volatility | Backtest Gaucho Group | Trend Details |
Gaucho Group Trading Date Momentum
| On October 31 2023 Gaucho Group Holdings was traded for 9.67 at the closing time. The top price for the day was 9.70 and the lowest listed price was 9.01 . The trading volume for the day was 7.7 K. The trading history from October 31, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 3.30% . The overall trading delta against the current closing price is 10.10% . |
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 Gaucho Group to competition
Gaucho Group 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 Gaucho Group stock to make a market-neutral strategy. Peer analysis of Gaucho Group could also be used in its relative valuation, which is a method of valuing Gaucho Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gaucho Group Market Strength Events
Market strength indicators help investors to evaluate how Gaucho Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gaucho Group shares will generate the highest return on investment. By undertsting and applying Gaucho Group stock market strength indicators, traders can identify Gaucho Group Holdings entry and exit signals to maximize returns.
Gaucho Group Risk Indicators
The analysis of Gaucho Group'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 Gaucho Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gaucho 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 | 5.7 | |||
| Standard Deviation | 10.38 | |||
| Variance | 107.67 |
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 Gaucho Group
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 Gaucho Group 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 Gaucho Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Gaucho Stock
Moving against Gaucho Stock
| 0.53 | COHG | Cheetah Oil Gas | PairCorr |
| 0.51 | FSTF | First State Financial | PairCorr |
| 0.49 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
| 0.48 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.48 | FMCB | Farmers Merchants Bancorp | PairCorr |
The ability to find closely correlated positions to Gaucho Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaucho Group 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 Gaucho Group - 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 Gaucho Group Holdings to buy it.
The correlation of Gaucho Group 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 Gaucho Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaucho Group Holdings 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 Gaucho Group 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 World Market Map 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 board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Consideration for investing in Gaucho Stock
If you are still planning to invest in Gaucho Group Holdings 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 Gaucho Group's history and understand the potential risks before investing.
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