Abak SA Stock Forecast - Daily Balance Of Power
| ABK Stock | 3.80 0.04 1.04% |
Abak Stock Forecast is based on your current time horizon.
Abak |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (1.00) | (1.00) |
| Check Abak SA Volatility | Backtest Abak SA | Information Ratio |
Abak SA Trading Date Momentum
| On November 29 2024 Abak SA was traded for 3.80 at the closing time. The highest price during the trading period was 3.84 and the lowest recorded bid was listed for 3.80 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not affect price variability. The overall trading delta to the current price is 1.05% . |
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 Abak SA to competition
Abak SA 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 Abak SA stock to make a market-neutral strategy. Peer analysis of Abak SA could also be used in its relative valuation, which is a method of valuing Abak SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abak SA Market Strength Events
Market strength indicators help investors to evaluate how Abak SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abak SA shares will generate the highest return on investment. By undertsting and applying Abak SA stock market strength indicators, traders can identify Abak SA entry and exit signals to maximize returns.
Abak SA Risk Indicators
The analysis of Abak SA'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 Abak SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abak 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 | 2.34 | |||
| Standard Deviation | 3.32 | |||
| Variance | 11.0 |
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 Abak SA
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 Abak SA 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 Abak SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Abak SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abak SA 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 Abak SA - 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 Abak SA to buy it.
The correlation of Abak SA 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 Abak SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abak SA 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 Abak SA 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.Additional Tools for Abak Stock Analysis
When running Abak SA's price analysis, check to measure Abak SA'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 Abak SA is operating at the current time. Most of Abak SA's value examination focuses on studying past and present price action to predict the probability of Abak SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abak SA's price. Additionally, you may evaluate how the addition of Abak SA to your portfolios can decrease your overall portfolio volatility.