Shieh Yih Stock Forecast - Daily Balance Of Power
| 4533 Stock | TWD 39.00 1.00 2.50% |
Shieh Stock Forecast is based on your current time horizon.
Shieh |
| Check Shieh Yih Volatility | Backtest Shieh Yih | Trend Details |
Shieh Yih Trading Date Momentum
| On October 03 2024 Shieh Yih Machinery was traded for 40.10 at the closing time. The highest price during the trading period was 40.10 and the lowest recorded bid was listed for 40.10 . There was no trading activity during the period 1.0. Lack of trading volume on October 3, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.00% . |
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.
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Other Forecasting Options for Shieh Yih
For every potential investor in Shieh, whether a beginner or expert, Shieh Yih's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shieh Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shieh. Basic forecasting techniques help filter out the noise by identifying Shieh Yih's price trends.Shieh Yih 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 Shieh Yih stock to make a market-neutral strategy. Peer analysis of Shieh Yih could also be used in its relative valuation, which is a method of valuing Shieh Yih by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shieh Yih Machinery 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 Shieh Yih'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 Shieh Yih's current price.| Cycle Indicators | ||
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| Volume Indicators |
Shieh Yih Market Strength Events
Market strength indicators help investors to evaluate how Shieh Yih stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shieh Yih shares will generate the highest return on investment. By undertsting and applying Shieh Yih stock market strength indicators, traders can identify Shieh Yih Machinery entry and exit signals to maximize returns.
| Accumulation Distribution | 154338.0 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 39.85 | |||
| Day Typical Price | 39.57 | |||
| Price Action Indicator | (1.35) | |||
| Period Momentum Indicator | (1.00) | |||
| Relative Strength Index | 48.7 |
Shieh Yih Risk Indicators
The analysis of Shieh Yih'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 Shieh Yih's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shieh 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.
| Mean Deviation | 1.69 | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.24 |
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 Shieh Yih
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 Shieh Yih 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 Shieh Yih will appreciate offsetting losses from the drop in the long position's value.Moving against Shieh Stock
| 0.73 | 1446 | Hong Ho Precision | PairCorr |
| 0.65 | 8042 | Taiwan Chinsan Electronic | PairCorr |
| 0.56 | 2345 | Accton Technology Corp | PairCorr |
| 0.55 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.54 | 1231 | Lian Hwa Foods | PairCorr |
The ability to find closely correlated positions to Shieh Yih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shieh Yih 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 Shieh Yih - 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 Shieh Yih Machinery to buy it.
The correlation of Shieh Yih 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 Shieh Yih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shieh Yih Machinery 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 Shieh Yih 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.Additional Tools for Shieh Stock Analysis
When running Shieh Yih's price analysis, check to measure Shieh Yih'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 Shieh Yih is operating at the current time. Most of Shieh Yih's value examination focuses on studying past and present price action to predict the probability of Shieh Yih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shieh Yih's price. Additionally, you may evaluate how the addition of Shieh Yih to your portfolios can decrease your overall portfolio volatility.