Namhwa Industrial Stock Forecast - Price Action Indicator
| 111710 Stock | KRW 5,430 30.00 0.56% |
Namhwa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Namhwa Industrial stock prices and determine the direction of Namhwa Industrial Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Namhwa Industrial's historical fundamentals, such as revenue growth or operating cash flow patterns.
Namhwa |
| Check Namhwa Industrial Volatility | Backtest Namhwa Industrial | Information Ratio |
Namhwa Industrial Trading Date Momentum
| On November 11 2024 Namhwa Industrial Co was traded for 5,430 at the closing time. The highest price during the trading period was 5,440 and the lowest recorded bid was listed for 5,330 . The volume for the day was 2.2 K. This history from November 11, 2024 did not cause price change. The trading delta at closing time to the current price is 1.47% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Namhwa Industrial to competition |
Other Forecasting Options for Namhwa Industrial
For every potential investor in Namhwa, whether a beginner or expert, Namhwa Industrial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Namhwa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Namhwa. Basic forecasting techniques help filter out the noise by identifying Namhwa Industrial's price trends.Namhwa Industrial 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 Namhwa Industrial stock to make a market-neutral strategy. Peer analysis of Namhwa Industrial could also be used in its relative valuation, which is a method of valuing Namhwa Industrial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Namhwa Industrial 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 Namhwa Industrial'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 Namhwa Industrial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Namhwa Industrial Market Strength Events
Market strength indicators help investors to evaluate how Namhwa Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Namhwa Industrial shares will generate the highest return on investment. By undertsting and applying Namhwa Industrial stock market strength indicators, traders can identify Namhwa Industrial Co entry and exit signals to maximize returns.
Namhwa Industrial Risk Indicators
The analysis of Namhwa Industrial'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 Namhwa Industrial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting namhwa 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 | 0.8857 | |||
| Semi Deviation | 1.14 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.85 | |||
| Downside Variance | 2.35 | |||
| Semi Variance | 1.3 | |||
| Expected Short fall | (1.03) |
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 Namhwa Industrial
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 Namhwa Industrial 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 Namhwa Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Namhwa Stock
Moving against Namhwa Stock
| 0.61 | 005380 | Hyundai Motor | PairCorr |
| 0.52 | 005385 | Hyundai Motor | PairCorr |
| 0.51 | 000270 | Kia Corp | PairCorr |
| 0.42 | 005935 | Samsung Electronics | PairCorr |
| 0.38 | 005930 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Namhwa Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Namhwa Industrial 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 Namhwa Industrial - 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 Namhwa Industrial Co to buy it.
The correlation of Namhwa Industrial 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 Namhwa Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Namhwa Industrial 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 Namhwa Industrial 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 Namhwa Stock
Namhwa Industrial financial ratios help investors to determine whether Namhwa 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 Namhwa with respect to the benefits of owning Namhwa Industrial security.