Franchise Preferred Stock Forecast - Relative Strength Index
| FRGAPDelisted Preferred Stock | USD 24.93 0.08 0.32% |
Franchise Preferred Stock Forecast is based on your current time horizon.
Franchise |
| Check Franchise Volatility | Backtest Franchise | Information Ratio |
Franchise Trading Date Momentum
| On November 22 2024 Franchise Group was traded for 24.93 at the closing time. The highest daily price throughout the period was 24.93 and the lowest price was 24.85 . There was no trading activity during the period 0.0. Lack of trading volume on 11/22/2024 did not affect price variability. The overall trading delta to current closing price is 0.32% . |
Franchise 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 Franchise preferred stock to make a market-neutral strategy. Peer analysis of Franchise could also be used in its relative valuation, which is a method of valuing Franchise by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Franchise Market Strength Events
Market strength indicators help investors to evaluate how Franchise preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franchise shares will generate the highest return on investment. By undertsting and applying Franchise preferred stock market strength indicators, traders can identify Franchise Group entry and exit signals to maximize returns.
Franchise Risk Indicators
The analysis of Franchise'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 Franchise's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting franchise preferred 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 | 0.868 | |||
| Semi Deviation | 0.7349 | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.59 | |||
| Downside Variance | 1.34 | |||
| Semi Variance | 0.5401 | |||
| 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 Franchise
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 Franchise 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 Franchise will appreciate offsetting losses from the drop in the long position's value.Moving together with Franchise Preferred Stock
Moving against Franchise Preferred Stock
| 0.67 | DKS | Dicks Sporting Goods | PairCorr |
| 0.57 | ANCTF | Alimentation Couchen Tard Earnings Call This Week | PairCorr |
| 0.53 | AMIX | Autonomix Medical, Common Trending | PairCorr |
| 0.48 | GPC | Genuine Parts | PairCorr |
| 0.31 | AZO | AutoZone | PairCorr |
The ability to find closely correlated positions to Franchise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franchise 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 Franchise - 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 Franchise Group to buy it.
The correlation of Franchise 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 Franchise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franchise 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 Franchise 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 Investing Opportunities 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 nation. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in Franchise Preferred Stock
If you are still planning to invest in Franchise Group 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 Franchise's history and understand the potential risks before investing.
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