Jaguar Mining Stock Forecast - Daily Balance Of Power
Jaguar Stock Forecast is based on your current time horizon.
Jaguar |
| Check Jaguar Mining Volatility | Backtest Jaguar Mining | 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 Jaguar Mining to competition
Jaguar Mining 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 Jaguar Mining stock to make a market-neutral strategy. Peer analysis of Jaguar Mining could also be used in its relative valuation, which is a method of valuing Jaguar Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jaguar Mining Risk Indicators
The analysis of Jaguar Mining'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 Jaguar Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jaguar 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 | 2.64 | |||
| Standard Deviation | 4.51 | |||
| Variance | 20.3 |
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 Jaguar Mining
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 Jaguar Mining 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 Jaguar Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Jaguar Stock
| 0.66 | ORE | Orezone Gold Corp | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
| 0.62 | INFM | Infinico Metals Corp | PairCorr |
Moving against Jaguar Stock
| 0.83 | AMZN | Amazon CDR | PairCorr |
| 0.73 | WMT | Walmart Inc CDR | PairCorr |
| 0.71 | GOOG | Alphabet CDR | PairCorr |
| 0.66 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.63 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Patterson Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson Companies 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 Patterson Companies - 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 Patterson Companies to buy it.
The correlation of Patterson Companies 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 Patterson Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson Companies 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 Patterson Companies 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.Other Information on Investing in Jaguar Stock
Jaguar Mining financial ratios help investors to determine whether Jaguar Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jaguar with respect to the benefits of owning Jaguar Mining security.