American States Stock Forecast - Downside Deviation
| AWR Stock | USD 85.37 0.02 0.02% |
American Stock Forecast is based on your current time horizon. Although American States' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of American States' systematic risk associated with finding meaningful patterns of American States fundamentals over time.
American |
| Check American States Volatility | Backtest American States | Information Ratio |
American States Trading Date Momentum
| On November 27 2024 American States Water was traded for 85.37 at the closing time. Highest American States's price during the trading hours was 86.22 and the lowest price during the day was 85.08 . There was no trading activity during the period 0.0. Lack of trading volume on the 27th of November did not affect price variability. The overall trading delta to current price is 0.02% . |
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Other Forecasting Options for American States
For every potential investor in American, whether a beginner or expert, American States' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. American Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in American. Basic forecasting techniques help filter out the noise by identifying American States' price trends.American States 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 American States stock to make a market-neutral strategy. Peer analysis of American States could also be used in its relative valuation, which is a method of valuing American States by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
American States Water 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 American States' 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 American States' current price.| Cycle Indicators | ||
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American States Market Strength Events
Market strength indicators help investors to evaluate how American States stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American States shares will generate the highest return on investment. By undertsting and applying American States stock market strength indicators, traders can identify American States Water entry and exit signals to maximize returns.
American States Risk Indicators
The analysis of American States' 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 American States' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting american 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 | 0.9074 | |||
| Semi Deviation | 0.9525 | |||
| Standard Deviation | 1.17 | |||
| Variance | 1.38 | |||
| Downside Variance | 1.14 | |||
| Semi Variance | 0.9072 | |||
| Expected Short fall | (1.01) |
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 American States
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 American States 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 American States will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
| 0.51 | ES | Eversource Energy | PairCorr |
| 0.38 | FE | FirstEnergy | PairCorr |
| 0.37 | CWT | California Water Service | PairCorr |
| 0.31 | AWK | American Water Works | PairCorr |
The ability to find closely correlated positions to American States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American States 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 American States - 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 American States Water to buy it.
The correlation of American States 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 American States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American States Water 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 American States 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 American Stock Analysis
When running American States' price analysis, check to measure American States' 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 American States is operating at the current time. Most of American States' value examination focuses on studying past and present price action to predict the probability of American States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American States' price. Additionally, you may evaluate how the addition of American States to your portfolios can decrease your overall portfolio volatility.