Novonix Pink Sheet Forecast - Daily Balance Of Power
| NVNXF Stock | USD 0.43 0.04 10.26% |
Novonix Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Novonix's historical fundamentals, such as revenue growth or operating cash flow patterns.
Novonix |
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Novonix Trading Date Momentum
| On March 30 2023 Novonix was traded for 0.78 at the closing time. The highest daily price throughout the period was 0.81 and the lowest price was 0.76 . The daily volume was 131 K. The net trading volume on 03/30/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 1.30% . The trading delta at closing time to current closing price is 12.99% . |
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 Novonix
For every potential investor in Novonix, whether a beginner or expert, Novonix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Novonix Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Novonix. Basic forecasting techniques help filter out the noise by identifying Novonix's price trends.Novonix 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 Novonix pink sheet to make a market-neutral strategy. Peer analysis of Novonix could also be used in its relative valuation, which is a method of valuing Novonix by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Novonix Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Novonix'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 Novonix's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Novonix Market Strength Events
Market strength indicators help investors to evaluate how Novonix pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novonix shares will generate the highest return on investment. By undertsting and applying Novonix pink sheet market strength indicators, traders can identify Novonix entry and exit signals to maximize returns.
Novonix Risk Indicators
The analysis of Novonix'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 Novonix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novonix pink sheet 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 | 4.95 | |||
| Semi Deviation | 4.58 | |||
| Standard Deviation | 7.34 | |||
| Variance | 53.84 | |||
| Downside Variance | 28.88 | |||
| Semi Variance | 21.01 | |||
| Expected Short fall | (7.89) |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in Novonix Pink Sheet
Novonix financial ratios help investors to determine whether Novonix Pink Sheet 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 Novonix with respect to the benefits of owning Novonix security.