POSCO Holdings Stock Forecast - Day Typical Price

005490 Stock   271,000  17,500  6.90%   
POSCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast POSCO Holdings stock prices and determine the direction of POSCO Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of POSCO Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On November 29, 2024 POSCO Holdings had Day Typical Price of 286500.0. Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
Check POSCO Holdings VolatilityBacktest POSCO HoldingsTrend Details  

POSCO Holdings Trading Date Momentum

On December 02 2024 POSCO Holdings was traded for  280,500  at the closing time. The highest price during the trading period was 289,000  and the lowest recorded bid was listed for  279,000 . The volume for the day was 300.9 K. This history from December 2, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.71% . The trading delta at closing time to the current price is 4.42% .
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
Compare POSCO Holdings to competition

Other Forecasting Options for POSCO Holdings

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

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

POSCO Holdings 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 POSCO Holdings' 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 POSCO Holdings' current price.

POSCO Holdings Market Strength Events

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

POSCO Holdings Risk Indicators

The analysis of POSCO Holdings' 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 POSCO Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting posco 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 POSCO Holdings

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 POSCO Holdings 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 POSCO Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with POSCO Stock

  0.93051910 LG ChemicalsPairCorr
  0.94009830 Hanwha SolutionsPairCorr
  0.82011170 Lotte Chemical CorpPairCorr
  0.88004020 Hyundai SteelPairCorr

Moving against POSCO Stock

  0.44001430 SeAH BesteePairCorr
The ability to find closely correlated positions to POSCO Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POSCO Holdings 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 POSCO Holdings - 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 POSCO Holdings to buy it.
The correlation of POSCO Holdings 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 POSCO Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POSCO Holdings 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 POSCO Holdings 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

Additional Information and Resources on Investing in POSCO Stock

When determining whether POSCO Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of POSCO Holdings' 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 Posco Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Posco Holdings Stock:
Check out Historical Fundamental Analysis of POSCO Holdings to cross-verify your projections.
For information on how to trade POSCO Stock refer to our How to Trade POSCO Stock guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Please note, there is a significant difference between POSCO Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if POSCO Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POSCO Holdings' 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.