Investors can use prediction functions to forecast Grupa Azoty's stock prices and determine the direction of Grupa Azoty SA's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Grupa Azoty's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Trending Equities 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 housing.
Grupa
Grupa Azoty SA has current Daily Balance Of Power of (0.78). Balance of Power indicator (or BOP) measures the strength of Grupa Azoty SA market sensitivity to bulls and bears. It estimates the ability of Grupa Azoty buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Grupa Azoty Balance of Power indicator one can determine a trend of the price direction.
On December 03 2024 Grupa Azoty SA was traded for 19.06 at the closing time. The highest price during the trading period was 19.75 and the lowest recorded bid was listed for 18.98 . The volume for the day was 91.6 K. This history from December 3, 2024 did not cause price change. The overall trading delta to the current price is 3.04% .
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.
For every potential investor in Grupa, whether a beginner or expert, Grupa Azoty's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Grupa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Grupa. Basic forecasting techniques help filter out the noise by identifying Grupa Azoty'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 Grupa Azoty stock to make a market-neutral strategy. Peer analysis of Grupa Azoty could also be used in its relative valuation, which is a method of valuing Grupa Azoty by comparing valuation metrics with similar companies.
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 Grupa Azoty'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 Grupa Azoty's current price.
Market strength indicators help investors to evaluate how Grupa Azoty stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grupa Azoty shares will generate the highest return on investment. By undertsting and applying Grupa Azoty stock market strength indicators, traders can identify Grupa Azoty SA entry and exit signals to maximize returns.
The analysis of Grupa Azoty'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 Grupa Azoty's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grupa 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 Grupa Azoty
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 Grupa Azoty 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 Grupa Azoty will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Grupa Azoty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupa Azoty 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 Grupa Azoty - 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 Grupa Azoty SA to buy it.
The correlation of Grupa Azoty 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 Grupa Azoty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupa Azoty SA 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 Grupa Azoty 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 Grupa Azoty's price analysis, check to measure Grupa Azoty'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 Grupa Azoty is operating at the current time. Most of Grupa Azoty's value examination focuses on studying past and present price action to predict the probability of Grupa Azoty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupa Azoty's price. Additionally, you may evaluate how the addition of Grupa Azoty to your portfolios can decrease your overall portfolio volatility.