WORK Medical Stock Forecast - Daily Balance Of Power
| WOK Stock | 5.46 0.75 15.92% |
WORK Stock Forecast is based on your current time horizon. Although WORK Medical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of WORK Medical's systematic risk associated with finding meaningful patterns of WORK Medical fundamentals over time.
WORK |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.59) | 0.5319 |
| Check WORK Medical Volatility | Backtest WORK Medical | Trend Details |
WORK Medical Trading Date Momentum
| On November 08 2024 WORK Medical Technology was traded for 5.67 at the closing time. Highest WORK Medical's price during the trading hours was 6.18 and the lowest price during the day was 5.60 . The net volume was 41.9 K. The overall trading history on the 8th of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 8.99% . The trading price change to current price is 7.54% . |
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 WORK Medical to competition |
Other Forecasting Options for WORK Medical
For every potential investor in WORK, whether a beginner or expert, WORK Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. WORK Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in WORK. Basic forecasting techniques help filter out the noise by identifying WORK Medical's price trends.WORK Medical 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 WORK Medical stock to make a market-neutral strategy. Peer analysis of WORK Medical could also be used in its relative valuation, which is a method of valuing WORK Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
WORK Medical Technology 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 WORK Medical'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 WORK Medical's current price.| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |
WORK Medical Market Strength Events
Market strength indicators help investors to evaluate how WORK Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WORK Medical shares will generate the highest return on investment. By undertsting and applying WORK Medical stock market strength indicators, traders can identify WORK Medical Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 157184.0 | |||
| Daily Balance Of Power | 0.5906 | |||
| Rate Of Daily Change | 1.16 | |||
| Day Median Price | 5.02 | |||
| Day Typical Price | 5.16 | |||
| Price Action Indicator | 0.82 | |||
| Period Momentum Indicator | 0.75 |
WORK Medical Risk Indicators
The analysis of WORK Medical'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 WORK Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting work 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 | 4.39 | |||
| Semi Deviation | 5.15 | |||
| Standard Deviation | 6.32 | |||
| Variance | 39.96 | |||
| Downside Variance | 29.11 | |||
| Semi Variance | 26.52 | |||
| Expected Short fall | (5.28) |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of WORK Medical to cross-verify your projections. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WORK Medical. If investors know WORK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WORK Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WORK Medical's market value can be influenced by many factors that don't directly affect WORK Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.