ADF Stock Forecast - Period Momentum Indicator
| DRX Stock | CAD 9.45 0.22 2.28% |
ADF Stock Forecast is based on your current time horizon. Although ADF's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ADF's systematic risk associated with finding meaningful patterns of ADF fundamentals over time.
ADF |
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.22) | (0.22) |
| Check ADF Volatility | Backtest ADF | Information Ratio |
ADF Trading Date Momentum
| On November 25 2024 ADF Group was traded for 9.45 at the closing time. The maximum traded price for the trading interval was 9.69 and the lowest daily price was 9.39 . There was no trading activity during the period 0.0. Lack of trading volume on 25th of November 2024 did not affect price variability. The overall trading delta to the closing price today is 2.33% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare ADF to competition |
Other Forecasting Options for ADF
For every potential investor in ADF, whether a beginner or expert, ADF's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ADF Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ADF. Basic forecasting techniques help filter out the noise by identifying ADF's price trends.ADF 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 ADF stock to make a market-neutral strategy. Peer analysis of ADF could also be used in its relative valuation, which is a method of valuing ADF by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ADF Group 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 ADF'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 ADF's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ADF Market Strength Events
Market strength indicators help investors to evaluate how ADF stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ADF shares will generate the highest return on investment. By undertsting and applying ADF stock market strength indicators, traders can identify ADF Group entry and exit signals to maximize returns.
ADF Risk Indicators
The analysis of ADF'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 ADF's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting adf 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 | 2.7 | |||
| Standard Deviation | 4.12 | |||
| Variance | 16.94 |
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 ADF
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 ADF 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 ADF will appreciate offsetting losses from the drop in the long position's value.Moving together with ADF Stock
Moving against ADF Stock
| 0.76 | NVDA | NVIDIA CDR | PairCorr |
| 0.68 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.45 | CCL-A | CCL Industries | PairCorr |
| 0.39 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to ADF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADF 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 ADF - 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 ADF Group to buy it.
The correlation of ADF 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 ADF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADF Group 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 ADF 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 ADF Stock
ADF financial ratios help investors to determine whether ADF 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 ADF with respect to the benefits of owning ADF security.