Daejoo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daejoo Electronic stock prices and determine the direction of Daejoo Electronic Materials's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daejoo Electronic's historical fundamentals, such as revenue growth or operating cash flow patterns.
Daejoo
Daejoo Electronic Materials has current Relative Strength Index of 0.
On December 02 2024 Daejoo Electronic Materials was traded for 83,100 at the closing time. The highest price during the trading period was 88,000 and the lowest recorded bid was listed for 83,000 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not affect price variability. The overall trading delta to the current price is 5.90% .
For every potential investor in Daejoo, whether a beginner or expert, Daejoo Electronic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daejoo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daejoo. Basic forecasting techniques help filter out the noise by identifying Daejoo Electronic's price trends.
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 Daejoo Electronic stock to make a market-neutral strategy. Peer analysis of Daejoo Electronic could also be used in its relative valuation, which is a method of valuing Daejoo Electronic by comparing valuation metrics with similar companies.
Daejoo Electronic 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 Daejoo Electronic'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 Daejoo Electronic's current price.
Market strength indicators help investors to evaluate how Daejoo Electronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daejoo Electronic shares will generate the highest return on investment. By undertsting and applying Daejoo Electronic stock market strength indicators, traders can identify Daejoo Electronic Materials entry and exit signals to maximize returns.
The analysis of Daejoo Electronic'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 Daejoo Electronic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daejoo 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 Daejoo Electronic
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 Daejoo Electronic 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 Daejoo Electronic will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Daejoo Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daejoo Electronic 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 Daejoo Electronic - 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 Daejoo Electronic Materials to buy it.
The correlation of Daejoo Electronic 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 Daejoo Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daejoo Electronic 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 Daejoo Electronic 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.
Daejoo Electronic financial ratios help investors to determine whether Daejoo 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 Daejoo with respect to the benefits of owning Daejoo Electronic security.