Attock Petroleum Stock Forecast - Day Median Price
| APL Stock | 468.44 27.86 5.61% |
Attock Stock Forecast is based on your current time horizon.
Attock |
| Previous Day Median Price | Day Median Price | Trend |
| 478.53 | 456.05 |
| Check Attock Petroleum Volatility | Backtest Attock Petroleum | Information Ratio |
Attock Petroleum Trading Date Momentum
| On December 01 2024 Attock Petroleum was traded for 468.44 at the closing time. The highest price during the trading period was 469.98 and the lowest recorded bid was listed for 442.11 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not affect price variability. The overall trading delta to the current price is 3.30% . |
The median price is the midpoint of the trading periods range.
| Compare Attock Petroleum to competition |
Other Forecasting Options for Attock Petroleum
For every potential investor in Attock, whether a beginner or expert, Attock Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Attock Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Attock. Basic forecasting techniques help filter out the noise by identifying Attock Petroleum's price trends.Attock Petroleum 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 Attock Petroleum stock to make a market-neutral strategy. Peer analysis of Attock Petroleum could also be used in its relative valuation, which is a method of valuing Attock Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Attock Petroleum 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 Attock Petroleum'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 Attock Petroleum's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Attock Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Attock Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Attock Petroleum shares will generate the highest return on investment. By undertsting and applying Attock Petroleum stock market strength indicators, traders can identify Attock Petroleum entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0593 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.94 | |||
| Day Median Price | 456.05 | |||
| Day Typical Price | 460.18 | |||
| Market Facilitation Index | 27.87 | |||
| Price Action Indicator | (1.54) | |||
| Period Momentum Indicator | (27.86) | |||
| Relative Strength Index | 56.98 |
Attock Petroleum Risk Indicators
The analysis of Attock Petroleum'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 Attock Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting attock 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 | 1.33 | |||
| Semi Deviation | 1.5 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.64 | |||
| Downside Variance | 2.96 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (1.43) |
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 Attock Petroleum
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 Attock Petroleum 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 Attock Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Attock Stock
Moving against Attock Stock
The ability to find closely correlated positions to Attock Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Attock Petroleum 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 Attock Petroleum - 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 Attock Petroleum to buy it.
The correlation of Attock Petroleum 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 Attock Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Attock Petroleum 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 Attock Petroleum 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 Attock Stock Analysis
When running Attock Petroleum's price analysis, check to measure Attock Petroleum'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 Attock Petroleum is operating at the current time. Most of Attock Petroleum's value examination focuses on studying past and present price action to predict the probability of Attock Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attock Petroleum's price. Additionally, you may evaluate how the addition of Attock Petroleum to your portfolios can decrease your overall portfolio volatility.