Eastern Water Stock Forecast - Relative Strength Index
EASTW Stock | THB 3.50 0.00 0.00% |
Eastern Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eastern Water stock prices and determine the direction of Eastern Water Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eastern Water's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Eastern Water to cross-verify your projections. Eastern |
Most investors in Eastern Water 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 Eastern Water's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eastern Water's price structures and extracts relationships that further increase the generated results' accuracy.
Previous Relative Strength Index | Relative Strength Index | Trend |
37.67 | 37.67 |
Check Eastern Water Volatility | Backtest Eastern Water | Information Ratio |
Eastern Water Trading Date Momentum
On May 04 2024 Eastern Water Resources was traded for 3.50 at the closing time. The highest price during the trading period was 3.50 and the lowest recorded bid was listed for 3.50 . There was no trading activity during the period 0.0. Lack of trading volume on May 4, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
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Other Forecasting Options for Eastern Water
For every potential investor in Eastern, whether a beginner or expert, Eastern Water's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastern. Basic forecasting techniques help filter out the noise by identifying Eastern Water's price trends.Eastern Water 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 Eastern Water stock to make a market-neutral strategy. Peer analysis of Eastern Water could also be used in its relative valuation, which is a method of valuing Eastern Water by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Eastern Water Resources 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 Eastern Water'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 Eastern Water's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Eastern Water Market Strength Events
Market strength indicators help investors to evaluate how Eastern Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastern Water shares will generate the highest return on investment. By undertsting and applying Eastern Water stock market strength indicators, traders can identify Eastern Water Resources entry and exit signals to maximize returns.
Eastern Water Risk Indicators
The analysis of Eastern Water'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 Eastern Water's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastern 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 | 0.7209 | |||
Standard Deviation | 1.24 | |||
Variance | 1.53 |
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 Eastern Water
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 Eastern Water 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 Eastern Water will appreciate offsetting losses from the drop in the long position's value.Moving against Eastern Stock
0.68 | PTTEP | PTT Exploration | PairCorr |
0.45 | CPALL | CP ALL Public | PairCorr |
0.44 | CPALL-R | CP ALL Public | PairCorr |
0.41 | PTT-R | PTT Public | PairCorr |
The ability to find closely correlated positions to Eastern Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Water 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 Eastern Water - 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 Eastern Water Resources to buy it.
The correlation of Eastern Water 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 Eastern Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Water Resources 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 Eastern Water 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 Eastern Water to cross-verify your projections. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Eastern Stock analysis
When running Eastern Water's price analysis, check to measure Eastern Water'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 Eastern Water is operating at the current time. Most of Eastern Water's value examination focuses on studying past and present price action to predict the probability of Eastern Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Water's price. Additionally, you may evaluate how the addition of Eastern Water to your portfolios can decrease your overall portfolio volatility.
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