Etex SA Stock Forecast - Period Momentum Indicator
| BE0941244536 | EUR 15.00 0.50 3.45% |
Etex Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Etex SA stock prices and determine the direction of Etex SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Etex SA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Etex |
| Check Etex SA Volatility | Backtest Etex SA | Information Ratio |
Etex SA Trading Date Momentum
| On November 28 2024 Etex SA was traded for 15.00 at the closing time. The highest price during the trading period was 15.00 and the lowest recorded bid was listed for 15.00 . There was no trading activity during the period 0.0. Lack of trading volume on November 28, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
Compare Etex SA to competition
Etex 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 Etex SA stock to make a market-neutral strategy. Peer analysis of Etex SA could also be used in its relative valuation, which is a method of valuing Etex SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Etex SA Market Strength Events
Market strength indicators help investors to evaluate how Etex 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 Etex SA shares will generate the highest return on investment. By undertsting and applying Etex SA stock market strength indicators, traders can identify Etex SA entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 15.0 | |||
| Day Typical Price | 15.0 | |||
| Price Action Indicator | 0.25 | |||
| Period Momentum Indicator | 0.5 |
Etex SA Risk Indicators
The analysis of Etex 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 Etex SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting etex 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 | 1.81 | |||
| Standard Deviation | 2.83 | |||
| Variance | 8.0 |
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 Etex 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 Etex 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 Etex SA will appreciate offsetting losses from the drop in the long position's value.Moving against Etex Stock
| 0.6 | UCB | UCB SA | PairCorr |
| 0.58 | ARGX | Argen X | PairCorr |
| 0.54 | ACKB | Ackermans Van Haaren | PairCorr |
| 0.35 | SOLB | Solvay SA | PairCorr |
The ability to find closely correlated positions to Etex 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 Etex 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 Etex 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 Etex SA to buy it.
The correlation of Etex 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 Etex SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etex 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 Etex 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.Other Information on Investing in Etex Stock
Etex SA financial ratios help investors to determine whether Etex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Etex with respect to the benefits of owning Etex SA security.