ASX Stock Forecast - Daily Balance Of Power
| ASX Stock | 66.03 0.44 0.67% |
ASX Stock Forecast is based on your current time horizon.
ASX |
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ASX Trading Date Momentum
| On November 13 2023 ASX was traded for 55.15 at the closing time. The maximum traded price for the trading interval was 55.61 and the lowest daily price was 54.97 . The daily volume was recorded at 344.3 K. The volume of trading on 13th of November 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.85% . The overall trading delta to the closing price today is 0.02% . |
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 ASX
For every potential investor in ASX, whether a beginner or expert, ASX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ASX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ASX. Basic forecasting techniques help filter out the noise by identifying ASX's price trends.ASX 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 ASX stock to make a market-neutral strategy. Peer analysis of ASX could also be used in its relative valuation, which is a method of valuing ASX by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ASX 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 ASX'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 ASX's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
ASX Market Strength Events
Market strength indicators help investors to evaluate how ASX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ASX shares will generate the highest return on investment. By undertsting and applying ASX stock market strength indicators, traders can identify ASX entry and exit signals to maximize returns.
ASX Risk Indicators
The analysis of ASX'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 ASX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting asx 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 | 0.8128 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.28 | |||
| Downside Variance | 1.57 | |||
| Semi Variance | 1.26 | |||
| Expected Short fall | (0.84) |
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.
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Additional Tools for ASX Stock Analysis
When running ASX's price analysis, check to measure ASX'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 ASX is operating at the current time. Most of ASX's value examination focuses on studying past and present price action to predict the probability of ASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX's price. Additionally, you may evaluate how the addition of ASX to your portfolios can decrease your overall portfolio volatility.