Investors can use prediction functions to forecast Thong Nhat's stock prices and determine the direction of Thong Nhat JSC'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 Thong Nhat'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 board of governors.
Thong
Thong Nhat JSC has current Daily Balance Of Power of (0.17). Balance of Power indicator (or BOP) measures the strength of Thong Nhat JSC market sensitivity to bulls and bears. It estimates the ability of Thong Nhat buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Thong Nhat Balance of Power indicator one can determine a trend of the price direction.
On December 27 2024 Thong Nhat JSC was traded for 41,900 at the closing time. The maximum traded price for the trading interval was 41,900 and the lowest daily price was 41,300 . There was no trading activity during the period 0.0. Lack of trading volume on 27th of December 2024 did not result in any price rise and fall. The trading price change to the closing price today is 1.43% .
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 Thong, whether a beginner or expert, Thong Nhat's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thong Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thong. Basic forecasting techniques help filter out the noise by identifying Thong Nhat'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 Thong Nhat stock to make a market-neutral strategy. Peer analysis of Thong Nhat could also be used in its relative valuation, which is a method of valuing Thong Nhat 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 Thong Nhat'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 Thong Nhat's current price.
Market strength indicators help investors to evaluate how Thong Nhat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thong Nhat shares will generate the highest return on investment. By undertsting and applying Thong Nhat stock market strength indicators, traders can identify Thong Nhat JSC entry and exit signals to maximize returns.
The analysis of Thong Nhat'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 Thong Nhat's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thong 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 Thong Nhat
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 Thong Nhat 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 Thong Nhat will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Thong Nhat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thong Nhat 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 Thong Nhat - 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 Thong Nhat JSC to buy it.
The correlation of Thong Nhat 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 Thong Nhat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thong Nhat JSC 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 Thong Nhat 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.