Equillium Stock Forecast - Daily Balance Of Power
| EQ Stock | USD 1.08 0.02 1.82% |
Equillium Stock Forecast is based on your current time horizon. Although Equillium's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Equillium's systematic risk associated with finding meaningful patterns of Equillium fundamentals over time.
Equillium |
| Check Equillium Volatility | Backtest Equillium | Trend Details |
Equillium Trading Date Momentum
| On June 18 2024 Equillium was traded for 0.69 at the closing time. The highest price during the trading period was 0.73 and the lowest recorded bid was listed for 0.69 . The volume for the day was 100.9 K. This history from June 18, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.17% . The overall trading delta to the current price is 6.94% . |
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 Equillium
For every potential investor in Equillium, whether a beginner or expert, Equillium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Equillium Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Equillium. Basic forecasting techniques help filter out the noise by identifying Equillium's price trends.View Equillium Related Equities
| Risk & Return | Correlation |
Equillium 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 Equillium'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 Equillium's current price.| Cycle Indicators | ||
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Equillium Market Strength Events
Market strength indicators help investors to evaluate how Equillium stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Equillium shares will generate the highest return on investment. By undertsting and applying Equillium stock market strength indicators, traders can identify Equillium entry and exit signals to maximize returns.
Equillium Risk Indicators
The analysis of Equillium'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 Equillium's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting equillium 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 | 3.88 | |||
| Semi Deviation | 3.83 | |||
| Standard Deviation | 5.94 | |||
| Variance | 35.26 | |||
| Downside Variance | 20.14 | |||
| Semi Variance | 14.71 | |||
| Expected Short fall | (5.52) |
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 Equillium
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 Equillium 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 Equillium will appreciate offsetting losses from the drop in the long position's value.Moving against Equillium Stock
The ability to find closely correlated positions to Equillium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equillium 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 Equillium - 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 Equillium to buy it.
The correlation of Equillium 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 Equillium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equillium 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 Equillium 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.Additional Tools for Equillium Stock Analysis
When running Equillium's price analysis, check to measure Equillium's 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 Equillium is operating at the current time. Most of Equillium's value examination focuses on studying past and present price action to predict the probability of Equillium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equillium's price. Additionally, you may evaluate how the addition of Equillium to your portfolios can decrease your overall portfolio volatility.