Polar Power Stock Overlap Studies Bollinger Bands

POLA Stock  USD 0.62  0.09  16.98%   
Polar Power overlap studies tool provides the execution environment for running the Bollinger Bands study and other technical functions against Polar Power. Polar Power value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of overlap studies indicators. As with most other technical indicators, the Bollinger Bands study function is designed to identify and follow existing trends. Polar Power overlay technical analysis usually involve calculating upper and lower limits of price movements based on various statistical techniques. Please specify the following input to run this model: Time Period, Deviations up, Deviations down, and MA Type.

The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Polar Power middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Polar Power. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Polar Power Technical Analysis Modules

Most technical analysis of Polar Power help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Polar from various momentum indicators to cycle indicators. When you analyze Polar charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Polar Power Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Polar Power. We use our internally-developed statistical techniques to arrive at the intrinsic value of Polar Power based on widely used predictive technical indicators. In general, we focus on analyzing Polar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Polar Power's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Polar Power's intrinsic value. In addition to deriving basic predictive indicators for Polar Power, we also check how macroeconomic factors affect Polar Power price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Price Book Value Ratio1.960.911.051.0
Operating Cycle396.55519.11467.2247.28
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Polar Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.030.605.23
Details
Intrinsic
Valuation
LowRealHigh
0.566.6711.30
Details
Naive
Forecast
LowNextHigh
0.010.655.28
Details
1 Analysts
Consensus
LowTargetHigh
22.7525.0027.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Polar Power. Your research has to be compared to or analyzed against Polar Power's peers to derive any actionable benefits. When done correctly, Polar Power's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Polar Power.

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Polar Power pair trading

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 Polar Power 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 Polar Power will appreciate offsetting losses from the drop in the long position's value.

Polar Power Pair Trading

Polar Power Pair Trading Analysis

The ability to find closely correlated positions to Polar Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Polar Power 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 Polar Power - 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 Polar Power to buy it.
The correlation of Polar Power 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 Polar Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polar Power 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 Polar Power 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.
Pair CorrelationCorrelation Matching
When determining whether Polar Power offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Polar Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Polar Power Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Polar Power Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polar Power. 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.
For information on how to trade Polar Stock refer to our How to Trade Polar Stock guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Polar Stock analysis

When running Polar Power's price analysis, check to measure Polar Power'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 Polar Power is operating at the current time. Most of Polar Power's value examination focuses on studying past and present price action to predict the probability of Polar Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polar Power's price. Additionally, you may evaluate how the addition of Polar Power to your portfolios can decrease your overall portfolio volatility.
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Is Polar Power'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 Polar Power. If investors know Polar 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 Polar Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.36)
Revenue Per Share
1.403
Quarterly Revenue Growth
0.12
Return On Assets
(0.10)
Return On Equity
(0.28)
The market value of Polar Power is measured differently than its book value, which is the value of Polar that is recorded on the company's balance sheet. Investors also form their own opinion of Polar Power's value that differs from its market value or its book value, called intrinsic value, which is Polar Power'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 Polar Power's market value can be influenced by many factors that don't directly affect Polar Power'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 Polar Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polar Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polar Power'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.