WEBTOON Entertainment Stock Forecast - Daily Balance Of Power

WBTN Stock   13.30  0.25  1.92%   
WEBTOON Stock Forecast is based on your current time horizon. Although WEBTOON Entertainment's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of WEBTOON Entertainment's systematic risk associated with finding meaningful patterns of WEBTOON Entertainment fundamentals over time.
  
As of the 24th of December 2024, Inventory Turnover is likely to grow to 222.75, while Payables Turnover is likely to drop 5.21. . As of the 24th of December 2024, Common Stock Shares Outstanding is likely to drop to about 101.7 M.
On November 8, 2024 WEBTOON Entertainment Common had Daily Balance Of Power of (0.93). Balance of Power indicator (or BOP) measures the strength of WEBTOON Entertainment Common market sensitivity to bulls and bears. It estimates the ability of WEBTOON Entertainment buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring WEBTOON Entertainment Balance of Power indicator one can determine a trend of the price direction.
Check WEBTOON Entertainment VolatilityBacktest WEBTOON EntertainmentTrend Details  

WEBTOON Entertainment Trading Date Momentum

On November 11 2024 WEBTOON Entertainment Common was traded for  11.71  at the closing time. The top price for the day was 11.75  and the lowest listed price was  10.37 . The trading volume for the day was 686.5 K. The trading history from November 11, 2024 was a factor to the next trading day price boost. The trading price change against the next closing price was 8.13% . The trading price change against the current closing price is 0.65% .
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 WEBTOON Entertainment to competition

Other Forecasting Options for WEBTOON Entertainment

For every potential investor in WEBTOON, whether a beginner or expert, WEBTOON Entertainment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. WEBTOON Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in WEBTOON. Basic forecasting techniques help filter out the noise by identifying WEBTOON Entertainment's price trends.

WEBTOON Entertainment 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 WEBTOON Entertainment stock to make a market-neutral strategy. Peer analysis of WEBTOON Entertainment could also be used in its relative valuation, which is a method of valuing WEBTOON Entertainment by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

WEBTOON Entertainment 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 WEBTOON Entertainment'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 WEBTOON Entertainment's current price.

WEBTOON Entertainment Market Strength Events

Market strength indicators help investors to evaluate how WEBTOON Entertainment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WEBTOON Entertainment shares will generate the highest return on investment. By undertsting and applying WEBTOON Entertainment stock market strength indicators, traders can identify WEBTOON Entertainment Common entry and exit signals to maximize returns.

WEBTOON Entertainment Risk Indicators

The analysis of WEBTOON Entertainment'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 WEBTOON Entertainment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting webtoon 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.
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 WEBTOON Entertainment

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 WEBTOON Entertainment 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 WEBTOON Entertainment will appreciate offsetting losses from the drop in the long position's value.

Moving together with WEBTOON Stock

  0.7Z Zillow Group ClassPairCorr
  0.84OB OutbrainPairCorr

Moving against WEBTOON Stock

  0.64SLE Super League EnterprisePairCorr
  0.6MAX MediaAlphaPairCorr
  0.56IAC IAC IncPairCorr
  0.55FENG Phoenix New MediaPairCorr
  0.38TC TuanChe ADRPairCorr
The ability to find closely correlated positions to WEBTOON Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WEBTOON Entertainment 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 WEBTOON Entertainment - 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 WEBTOON Entertainment Common to buy it.
The correlation of WEBTOON Entertainment 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 WEBTOON Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WEBTOON Entertainment 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 WEBTOON Entertainment 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.
Pair CorrelationCorrelation Matching
When determining whether WEBTOON Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WEBTOON Entertainment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Webtoon Entertainment Common Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Webtoon Entertainment Common Stock:
Check out Historical Fundamental Analysis of WEBTOON Entertainment to cross-verify your projections.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Printing and Publishing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WEBTOON Entertainment. If investors know WEBTOON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WEBTOON Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.18)
Revenue Per Share
11.851
Quarterly Revenue Growth
0.001
The market value of WEBTOON Entertainment is measured differently than its book value, which is the value of WEBTOON that is recorded on the company's balance sheet. Investors also form their own opinion of WEBTOON Entertainment's value that differs from its market value or its book value, called intrinsic value, which is WEBTOON Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WEBTOON Entertainment's market value can be influenced by many factors that don't directly affect WEBTOON Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WEBTOON Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if WEBTOON Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WEBTOON Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.