China Jo Stock Forecast - Daily Balance Of Power
| CJJD Stock | USD 2.34 0.00 0.00% |
China Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast China Jo stock prices and determine the direction of China Jo Jo Drugstores's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of China Jo's historical fundamentals, such as revenue growth or operating cash flow patterns. Although China Jo's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of China Jo's systematic risk associated with finding meaningful patterns of China Jo fundamentals over time.
Check out Historical Fundamental Analysis of China Jo to cross-verify your projections. China |
Most investors in China Jo 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 China Jo's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets China Jo's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of China Jo Jo Drugstores market sensitivity to bulls and bears. It estimates the ability of China Jo buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring China Jo Balance of Power indicator one can determine a trend of the price direction.| Check China Jo Volatility | Backtest China Jo | Information Ratio |
China Jo Trading Date Momentum
| On May 03 2024 China Jo Jo Drugstores was traded for 2.34 at the closing time. The top price for the day was 2.45 and the lowest listed price was 2.33 . The trading volume for the day was 5.5 K. The trading history from May 3, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.28% . |
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 China Jo to competition |
Other Forecasting Options for China Jo
For every potential investor in China, whether a beginner or expert, China Jo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. China Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in China. Basic forecasting techniques help filter out the noise by identifying China Jo's price trends.China Jo 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 China Jo stock to make a market-neutral strategy. Peer analysis of China Jo could also be used in its relative valuation, which is a method of valuing China Jo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
China Jo Jo 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 China Jo'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 China Jo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
China Jo Market Strength Events
Market strength indicators help investors to evaluate how China Jo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Jo shares will generate the highest return on investment. By undertsting and applying China Jo stock market strength indicators, traders can identify China Jo Jo Drugstores entry and exit signals to maximize returns.
| Accumulation Distribution | 270.76 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2.39 | |||
| Day Typical Price | 2.37 | |||
| Price Action Indicator | (0.05) | |||
| Relative Strength Index | 37.46 |
China Jo Risk Indicators
The analysis of China Jo'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 China Jo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting china 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 | 3.88 | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.37 |
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 China Jo
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 China Jo 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 China Jo will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
| 0.78 | SFM | Sprouts Farmers Market Financial Report 6th of May 2024 | PairCorr |
| 0.72 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.63 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.63 | AVO | Mission Produce Financial Report 13th of June 2024 | PairCorr |
| 0.61 | TGT | Target Sell-off Trend | PairCorr |
The ability to find closely correlated positions to China Jo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Jo 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 China Jo - 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 China Jo Jo Drugstores to buy it.
The correlation of China Jo 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 China Jo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Jo Jo 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 China Jo 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 China Jo to cross-verify your projections. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for China Stock analysis
When running China Jo's price analysis, check to measure China Jo'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 China Jo is operating at the current time. Most of China Jo's value examination focuses on studying past and present price action to predict the probability of China Jo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Jo's price. Additionally, you may evaluate how the addition of China Jo to your portfolios can decrease your overall portfolio volatility.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |
Is China Jo'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 China Jo. If investors know China 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 China Jo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.40) | Revenue Per Share 155.543 | Quarterly Revenue Growth 0.08 | Return On Assets (0.12) | Return On Equity (1.09) |
The market value of China Jo Jo is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Jo's value that differs from its market value or its book value, called intrinsic value, which is China Jo'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 China Jo's market value can be influenced by many factors that don't directly affect China Jo'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 China Jo's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Jo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Jo'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.