Ensign Stock Forecast - Daily Balance Of Power
| EGB Stock | EUR 110.00 1.00 0.90% |
Ensign Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ensign stock prices and determine the direction of The Ensign Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ensign's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Ensign to cross-verify your projections. Ensign |
Most investors in Ensign 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 Ensign's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ensign's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of The Ensign Group market sensitivity to bulls and bears. It estimates the ability of Ensign buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Ensign Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (9,223,372,036,855) |
| Check Ensign Volatility | Backtest Ensign | Information Ratio |
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 Ensign to competition |
Other Forecasting Options for Ensign
For every potential investor in Ensign, whether a beginner or expert, Ensign's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ensign Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ensign. Basic forecasting techniques help filter out the noise by identifying Ensign's price trends.Ensign 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 Ensign stock to make a market-neutral strategy. Peer analysis of Ensign could also be used in its relative valuation, which is a method of valuing Ensign by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ensign Group 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 Ensign'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 Ensign's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ensign Market Strength Events
Market strength indicators help investors to evaluate how Ensign stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ensign shares will generate the highest return on investment. By undertsting and applying Ensign stock market strength indicators, traders can identify The Ensign Group entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 110.0 | |||
| Day Typical Price | 110.0 | |||
| Price Action Indicator | (0.50) | |||
| Period Momentum Indicator | (1.00) | |||
| Relative Strength Index | 46.17 |
Ensign Risk Indicators
The analysis of Ensign'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 Ensign's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ensign 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 | 1.13 | |||
| Semi Deviation | 1.11 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.49 | |||
| Downside Variance | 2.14 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (1.88) |
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 Ensign
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 Ensign 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 Ensign will appreciate offsetting losses from the drop in the long position's value.Moving together with Ensign Stock
| 0.64 | 636 | Sienna Senior Living | PairCorr |
Moving against Ensign Stock
| 0.73 | KO2 | Korian | PairCorr |
| 0.72 | RH7 | Ryman Healthcare | PairCorr |
| 0.63 | A4JN | AXMIN Inc | PairCorr |
| 0.57 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.43 | OPA | Orpea SA Split | PairCorr |
The ability to find closely correlated positions to Ensign could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ensign 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 Ensign - 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 The Ensign Group to buy it.
The correlation of Ensign 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 Ensign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensign Group 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 Ensign 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 Ensign to cross-verify your projections. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Ensign Stock analysis
When running Ensign's price analysis, check to measure Ensign'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 Ensign is operating at the current time. Most of Ensign's value examination focuses on studying past and present price action to predict the probability of Ensign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign's price. Additionally, you may evaluate how the addition of Ensign to your portfolios can decrease your overall portfolio volatility.
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