TOP Ships Stock Forecast - Daily Balance Of Power
| TOPS Stock | USD 11.17 0.07 0.63% |
TOP Stock Forecast is based on your current time horizon.
TOP |
Most investors in TOP Ships 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 TOP Ships' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TOP Ships' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of TOP Ships market sensitivity to bulls and bears. It estimates the ability of TOP Ships buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring TOP Ships Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.1111 | (0.32) |
| Check TOP Ships Volatility | Backtest TOP Ships | Trend Details |
TOP Ships Trading Date Momentum
| On April 15 2024 TOP Ships was traded for 12.97 at the closing time. The top price for the day was 13.24 and the lowest listed price was 12.97 . The trading volume for the day was 23.3 K. The trading history from April 15, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.29% . The trading price change against the current closing price is 1.45% . |
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 TOP Ships to competition |
Other Forecasting Options for TOP Ships
For every potential investor in TOP, whether a beginner or expert, TOP Ships' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TOP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TOP. Basic forecasting techniques help filter out the noise by identifying TOP Ships' price trends.TOP Ships 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 TOP Ships stock to make a market-neutral strategy. Peer analysis of TOP Ships could also be used in its relative valuation, which is a method of valuing TOP Ships by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TOP Ships 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 TOP Ships' 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 TOP Ships' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TOP Ships Market Strength Events
Market strength indicators help investors to evaluate how TOP Ships stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOP Ships shares will generate the highest return on investment. By undertsting and applying TOP Ships stock market strength indicators, traders can identify TOP Ships entry and exit signals to maximize returns.
TOP Ships Risk Indicators
The analysis of TOP Ships' 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 TOP Ships' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting top 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 | 1.27 | |||
| Standard Deviation | 1.68 | |||
| Variance | 2.83 |
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 TOP Ships
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 TOP Ships 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 TOP Ships will appreciate offsetting losses from the drop in the long position's value.Moving against TOP Stock
| 0.53 | EE | Excelerate Energy | PairCorr |
| 0.51 | DTM | DT Midstream | PairCorr |
| 0.49 | DLNG | Dynagas LNG Partners Earnings Call Tomorrow | PairCorr |
| 0.43 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.39 | IMPPP | Imperial Petroleum | PairCorr |
The ability to find closely correlated positions to TOP Ships could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOP Ships 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 TOP Ships - 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 TOP Ships to buy it.
The correlation of TOP Ships 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 TOP Ships moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOP Ships 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 TOP Ships 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 TOP Stock Analysis
When running TOP Ships' price analysis, check to measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.