Eagle Bulk Stock Forecast - Daily Balance Of Power
| EGLEDelisted Stock | USD 62.60 0.13 0.21% |
Eagle Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eagle Bulk stock prices and determine the direction of Eagle Bulk Shipping's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eagle Bulk's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Investing Opportunities 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 bureau of economic analysis. Eagle |
Most investors in Eagle Bulk 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 Eagle Bulk's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eagle Bulk's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Eagle Bulk Shipping market sensitivity to bulls and bears. It estimates the ability of Eagle Bulk buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Eagle Bulk Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.08) | (0.08) |
| Check Eagle Bulk Volatility | Backtest Eagle Bulk | Information Ratio |
Eagle Bulk Trading Date Momentum
| On May 02 2024 Eagle Bulk Shipping was traded for 62.60 at the closing time. The top price for the day was 63.00 and the lowest listed price was 61.39 . There was no trading activity during the period 0.0. Lack of trading volume on May 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.21% . |
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 Eagle Bulk to competition
Eagle Bulk 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 Eagle Bulk stock to make a market-neutral strategy. Peer analysis of Eagle Bulk could also be used in its relative valuation, which is a method of valuing Eagle Bulk by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eagle Bulk Market Strength Events
Market strength indicators help investors to evaluate how Eagle Bulk stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eagle Bulk shares will generate the highest return on investment. By undertsting and applying Eagle Bulk stock market strength indicators, traders can identify Eagle Bulk Shipping entry and exit signals to maximize returns.
Eagle Bulk Risk Indicators
The analysis of Eagle Bulk'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 Eagle Bulk's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eagle 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 | 1.52 | |||
| Semi Deviation | 1.55 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.24 | |||
| Downside Variance | 3.15 | |||
| Semi Variance | 2.41 | |||
| Expected Short fall | (1.65) |
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 Eagle Bulk
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 Eagle Bulk 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 Eagle Bulk will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
| 0.67 | OP | Oceanpal | PairCorr |
| 0.72 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
| 0.85 | SB-PC | Safe Bulkers | PairCorr |
| 0.89 | SB-PD | Safe Bulkers | PairCorr |
Moving against Eagle Stock
| 0.72 | GASS | StealthGas | PairCorr |
| 0.58 | PXSAW | Pyxis Tankers | PairCorr |
| 0.57 | ZIM | ZIM Integrated Shipping Financial Report 27th of May 2024 | PairCorr |
| 0.55 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
| 0.49 | ESEA | Euroseas Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Eagle Bulk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Bulk 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 Eagle Bulk - 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 Eagle Bulk Shipping to buy it.
The correlation of Eagle Bulk 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 Eagle Bulk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Bulk Shipping 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 Eagle Bulk 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 Investing Opportunities 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 bureau of economic analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in Eagle Stock
If you are still planning to invest in Eagle Bulk Shipping check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eagle Bulk's history and understand the potential risks before investing.
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