Blue Apron Stock Forecast - Relative Strength Index
| APRNDelisted Stock | USD 4.97 0.03 0.60% |
Blue Stock Forecast is based on your current time horizon.
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| Check Blue Apron Volatility | Backtest Blue Apron | Information Ratio |
Blue Apron Trading Date Momentum
| On November 27 2024 Blue Apron Holdings, was traded for 4.97 at the closing time. The top price for the day was 5.12 and the lowest listed price was 4.82 . There was no trading activity during the period 0.0. Lack of trading volume on November 27, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.60% . |
View Blue Apron Related Equities
| Risk & Return | Correlation |
Blue Apron Market Strength Events
Market strength indicators help investors to evaluate how Blue Apron stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blue Apron shares will generate the highest return on investment. By undertsting and applying Blue Apron stock market strength indicators, traders can identify Blue Apron Holdings, entry and exit signals to maximize returns.
Blue Apron Risk Indicators
The analysis of Blue Apron'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 Blue Apron's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blue 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 | 6.12 | |||
| Standard Deviation | 11.19 | |||
| Variance | 125.21 |
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 Blue Apron
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 Blue Apron 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 Blue Apron will appreciate offsetting losses from the drop in the long position's value.Moving against Blue Stock
| 0.59 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.57 | WMT | Walmart Aggressive Push | PairCorr |
| 0.56 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.53 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.5 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
The ability to find closely correlated positions to Blue Apron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Apron 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 Blue Apron - 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 Blue Apron Holdings, to buy it.
The correlation of Blue Apron 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 Blue Apron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Apron Holdings, 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 Blue Apron 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Blue Stock
If you are still planning to invest in Blue Apron Holdings, check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Blue Apron's history and understand the potential risks before investing.
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