NovaBay Pharmaceuticals Stock Forecast - Daily Balance Of Power
| NBY Stock | USD 0.57 0.01 1.79% |
NovaBay Stock Forecast is based on your current time horizon.
NovaBay |
| Check NovaBay Pharmaceuticals Volatility | Backtest NovaBay Pharmaceuticals | Trend Details |
NovaBay Pharmaceuticals Trading Date Momentum
| On December 03 2024 NovaBay Pharmaceuticals was traded for 0.57 at the closing time. Highest NovaBay Pharmaceuticals's price during the trading hours was 0.60 and the lowest price during the day was 0.55 . The net volume was 86.4 K. The overall trading history on the 3rd of December contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 5.00% . The trading delta at closing time to 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 NovaBay Pharmaceuticals
For every potential investor in NovaBay, whether a beginner or expert, NovaBay Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NovaBay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NovaBay. Basic forecasting techniques help filter out the noise by identifying NovaBay Pharmaceuticals' price trends.NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of NovaBay Pharmaceuticals could also be used in its relative valuation, which is a method of valuing NovaBay Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals' current price.| Cycle Indicators | ||
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NovaBay Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how NovaBay Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaBay Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying NovaBay Pharmaceuticals stock market strength indicators, traders can identify NovaBay Pharmaceuticals entry and exit signals to maximize returns.
NovaBay Pharmaceuticals Risk Indicators
The analysis of NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novabay 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 | 4.28 | |||
| Semi Deviation | 3.65 | |||
| Standard Deviation | 7.68 | |||
| Variance | 59.03 | |||
| Downside Variance | 19.88 | |||
| Semi Variance | 13.32 | |||
| Expected Short fall | (6.96) |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for NovaBay Stock Analysis
When running NovaBay Pharmaceuticals' price analysis, check to measure NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals is operating at the current time. Most of NovaBay Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of NovaBay Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaBay Pharmaceuticals' price. Additionally, you may evaluate how the addition of NovaBay Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.