Electromed Stock Forecast - Daily Balance Of Power
| ELMD Stock | USD 16.73 0.34 2.07% |
Electromed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Electromed stock prices and determine the direction of Electromed's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Electromed's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Electromed's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Electromed's systematic risk associated with finding meaningful patterns of Electromed fundamentals over time.
Check out Historical Fundamental Analysis of Electromed to cross-verify your projections. Electromed |
Open Interest Against 2024-05-17 Electromed Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Electromed's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Electromed's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Electromed stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Electromed's open interest, investors have to compare it to Electromed's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Electromed is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Electromed. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Electromed 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 Electromed's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Electromed's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Electromed market sensitivity to bulls and bears. It estimates the ability of Electromed buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Electromed Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.7253 | 0.3469 |
| Check Electromed Volatility | Backtest Electromed | Information Ratio |
Electromed Trading Date Momentum
| On April 24 2024 Electromed was traded for 16.73 at the closing time. The top price for the day was 16.73 and the lowest listed price was 15.75 . The trading volume for the day was 20.6 K. The trading history from April 24, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.03% . |
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 Electromed to competition |
Other Forecasting Options for Electromed
For every potential investor in Electromed, whether a beginner or expert, Electromed's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Electromed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Electromed. Basic forecasting techniques help filter out the noise by identifying Electromed's price trends.Electromed 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 Electromed stock to make a market-neutral strategy. Peer analysis of Electromed could also be used in its relative valuation, which is a method of valuing Electromed by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Electromed 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 Electromed'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 Electromed's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Electromed Market Strength Events
Market strength indicators help investors to evaluate how Electromed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electromed shares will generate the highest return on investment. By undertsting and applying Electromed stock market strength indicators, traders can identify Electromed entry and exit signals to maximize returns.
| Accumulation Distribution | 1209.33 | |||
| Daily Balance Of Power | 0.3469 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 16.24 | |||
| Day Typical Price | 16.4 | |||
| Price Action Indicator | 0.66 | |||
| Period Momentum Indicator | 0.34 |
Electromed Risk Indicators
The analysis of Electromed'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 Electromed's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting electromed 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 | 2.79 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 4.42 | |||
| Variance | 19.53 | |||
| Downside Variance | 5.33 | |||
| Semi Variance | 3.8 | |||
| Expected Short fall | (3.66) |
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.
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 Electromed 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, Electromed's short interest history, or implied volatility extrapolated from Electromed options trading.
Pair Trading with Electromed
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 Electromed 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 Electromed will appreciate offsetting losses from the drop in the long position's value.Moving together with Electromed Stock
| 0.76 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
Moving against Electromed Stock
| 0.71 | RSLS | ReShape Lifesciences | PairCorr |
| 0.68 | HSDT | Helius Medical Techn Financial Report 9th of May 2024 | PairCorr |
| 0.64 | BBLG | Bone Biologics Corp Financial Report 20th of May 2024 | PairCorr |
| 0.62 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
| 0.58 | SINT | SINTX Technologies | PairCorr |
The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed 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 Electromed - 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 Electromed to buy it.
The correlation of Electromed 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 Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed 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 Electromed 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 Electromed to cross-verify your projections. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Electromed Stock analysis
When running Electromed's price analysis, check to measure Electromed'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 Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
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| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is Electromed's industry 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 Electromed. If investors know Electromed 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 Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.727 | Earnings Share 0.45 | Revenue Per Share 6.072 | Quarterly Revenue Growth 0.167 | Return On Assets 0.0721 |
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed'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 Electromed's market value can be influenced by many factors that don't directly affect Electromed'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 Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed'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.