Bumi Resources Stock Forecast - Relative Strength Index
Bumi Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bumi Resources stock prices and determine the direction of Bumi Resources Minerals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bumi Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Bumi |
Most investors in Bumi Resources cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bumi Resources' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bumi Resources' price structures and extracts relationships that further increase the generated results' accuracy.
| Check Bumi Resources Volatility | Backtest Bumi Resources | Information Ratio |
Bumi Resources 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 Bumi Resources stock to make a market-neutral strategy. Peer analysis of Bumi Resources could also be used in its relative valuation, which is a method of valuing Bumi Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bumi Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bumi Resources' short interest history, or implied volatility extrapolated from Bumi Resources options trading.
Pair Trading with Bumi Resources
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 Bumi Resources 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 Bumi Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Bumi Stock
| 0.47 | ALMI | Alumindo Light Metal | PairCorr |
| 0.42 | UNVR | Unilever Indonesia Tbk | PairCorr |
The ability to find closely correlated positions to Bumi Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bumi Resources 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 Bumi Resources - 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 Bumi Resources Minerals to buy it.
The correlation of Bumi Resources 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 Bumi Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bumi Resources Minerals 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 Bumi Resources 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 Historical Fundamental Analysis of Bumi Resources to cross-verify your projections. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Bumi Stock analysis
When running Bumi Resources' price analysis, check to measure Bumi Resources' 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 Bumi Resources is operating at the current time. Most of Bumi Resources' value examination focuses on studying past and present price action to predict the probability of Bumi Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bumi Resources' price. Additionally, you may evaluate how the addition of Bumi Resources to your portfolios can decrease your overall portfolio volatility.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |