BELLUS Health Stock Forecast - Daily Balance Of Power
| BLUDelisted Stock | USD 14.74 0.00 0.00% |
BELLUS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BELLUS Health stock prices and determine the direction of BELLUS Health's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BELLUS Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities 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. BELLUS |
Most investors in BELLUS Health 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 BELLUS Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BELLUS Health's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of BELLUS Health market sensitivity to bulls and bears. It estimates the ability of BELLUS Health buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring BELLUS Health Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.6456 | (0.44) |
| Check BELLUS Health Volatility | Backtest BELLUS Health | Trend Details |
BELLUS Health Trading Date Momentum
| On September 21 2022 BELLUS Health was traded for 10.47 at the closing time. Highest BELLUS Health's price during the trading hours was 11.00 and the lowest price during the day was 10.46 . The net volume was 1.2 M. The overall trading history on the 21st of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.97% . The overall trading delta to current price is 6.12% . |
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 BELLUS Health to competition
View BELLUS Health Related Equities
| Risk & Return | Correlation |
BELLUS Health Market Strength Events
Market strength indicators help investors to evaluate how BELLUS Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BELLUS Health shares will generate the highest return on investment. By undertsting and applying BELLUS Health stock market strength indicators, traders can identify BELLUS Health entry and exit signals to maximize returns.
BELLUS Health Risk Indicators
The analysis of BELLUS Health'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 BELLUS Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bellus 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 | 3.16 | |||
| Standard Deviation | 12.24 | |||
| Variance | 149.74 | |||
| Downside Variance | 2.37 | |||
| Semi Variance | (0.52) | |||
| Expected Short fall | (4.27) |
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 BELLUS Health
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 BELLUS Health 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 BELLUS Health will appreciate offsetting losses from the drop in the long position's value.Moving against BELLUS Stock
| 0.78 | PTAIF | PT Astra International | PairCorr |
| 0.6 | CSCO | Cisco Systems Report 15th of May 2024 | PairCorr |
| 0.47 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.46 | PUTKF | PT United Tractors | PairCorr |
The ability to find closely correlated positions to BELLUS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BELLUS Health 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 BELLUS Health - 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 BELLUS Health to buy it.
The correlation of BELLUS Health 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 BELLUS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BELLUS Health 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 BELLUS Health 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 Trending Equities 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in BELLUS Stock
If you are still planning to invest in BELLUS Health 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 BELLUS Health's history and understand the potential risks before investing.
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