Etao International Stock Forecast - Daily Balance Of Power
| ETAODelisted Stock | 0.05 0.00 0.00% |
Etao Stock Forecast is based on your current time horizon.
Etao |
| Check Etao International Volatility | Backtest Etao International | Information Ratio |
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.
Compare Etao International to competition
Etao International 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 Etao International stock to make a market-neutral strategy. Peer analysis of Etao International could also be used in its relative valuation, which is a method of valuing Etao International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Etao International Market Strength Events
Market strength indicators help investors to evaluate how Etao International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Etao International shares will generate the highest return on investment. By undertsting and applying Etao International stock market strength indicators, traders can identify Etao International Co, entry and exit signals to maximize returns.
Etao International Risk Indicators
The analysis of Etao International'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 Etao International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting etao 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 | 16.91 | |||
| Standard Deviation | 34.05 | |||
| Variance | 1159.11 |
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 Etao International
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 Etao International 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 Etao International will appreciate offsetting losses from the drop in the long position's value.Moving together with Etao Stock
| 0.84 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
Moving against Etao Stock
| 0.91 | CSCO | Cisco Systems | PairCorr |
| 0.86 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.74 | DIS | Walt Disney | PairCorr |
The ability to find closely correlated positions to Etao International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etao International 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 Etao International - 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 Etao International Co, to buy it.
The correlation of Etao International 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 Etao International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etao International Co, 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 Etao International 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.Check out Investing Opportunities 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 nation. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in Etao Stock
If you are still planning to invest in Etao International Co, check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Etao International's history and understand the potential risks before investing.
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