Sunmax Stock Forecast is based on your current time horizon.
Sunmax
Sunmax Biotechnology Co has current Daily Balance Of Power of (0.71). Balance of Power indicator (or BOP) measures the strength of Sunmax Biotechnology Co market sensitivity to bulls and bears. It estimates the ability of Sunmax Biotechnology buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Sunmax Biotechnology Balance of Power indicator one can determine a trend of the price direction.
On December 11 2024 Sunmax Biotechnology Co was traded for 275.50 at the closing time. The highest price during the trading period was 278.50 and the lowest recorded bid was listed for 270.00 . The volume for the day was 30.4 K. This history from December 11, 2024 did not result in any price rise and fall. The trading price change to the current price is 2.00% .
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.
Other Forecasting Options for Sunmax Biotechnology
For every potential investor in Sunmax, whether a beginner or expert, Sunmax Biotechnology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sunmax Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sunmax. Basic forecasting techniques help filter out the noise by identifying Sunmax Biotechnology'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 Sunmax Biotechnology stock to make a market-neutral strategy. Peer analysis of Sunmax Biotechnology could also be used in its relative valuation, which is a method of valuing Sunmax Biotechnology by comparing valuation metrics with similar companies.
Sunmax Biotechnology 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 Sunmax Biotechnology'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 Sunmax Biotechnology's current price.
Market strength indicators help investors to evaluate how Sunmax Biotechnology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sunmax Biotechnology shares will generate the highest return on investment. By undertsting and applying Sunmax Biotechnology stock market strength indicators, traders can identify Sunmax Biotechnology Co entry and exit signals to maximize returns.
The analysis of Sunmax Biotechnology'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 Sunmax Biotechnology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sunmax 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 Sunmax Biotechnology
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 Sunmax Biotechnology 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 Sunmax Biotechnology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Sunmax Biotechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunmax Biotechnology 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 Sunmax Biotechnology - 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 Sunmax Biotechnology Co to buy it.
The correlation of Sunmax Biotechnology 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 Sunmax Biotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunmax Biotechnology 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 Sunmax Biotechnology 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.
When running Sunmax Biotechnology's price analysis, check to measure Sunmax Biotechnology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunmax Biotechnology is operating at the current time. Most of Sunmax Biotechnology's value examination focuses on studying past and present price action to predict the probability of Sunmax Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunmax Biotechnology's price. Additionally, you may evaluate how the addition of Sunmax Biotechnology to your portfolios can decrease your overall portfolio volatility.