Fennec Pharmaceuticals Stock Forecast - Accumulation Distribution
| FRX Stock | CAD 10.60 0.11 1.05% |
Fennec Stock Forecast is based on your current time horizon.
Fennec |
| Check Fennec Pharmaceuticals Volatility | Backtest Fennec Pharmaceuticals | Information Ratio |
Fennec Pharmaceuticals Trading Date Momentum
| On December 30 2025 Fennec Pharmaceuticals was traded for 10.60 at the closing time. The maximum traded price for the trading interval was 10.60 and the lowest daily price was 10.42 . The daily volume was recorded at 1 K. The volume of trading on 30th of December 2025 did not affect price variability. The overall trading delta to the closing price today is 1.70% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Fennec Pharmaceuticals
For every potential investor in Fennec, whether a beginner or expert, Fennec Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fennec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fennec. Basic forecasting techniques help filter out the noise by identifying Fennec Pharmaceuticals' price trends.Fennec Pharmaceuticals 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 Fennec Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Fennec Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Fennec Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' current price.| Cycle Indicators | ||
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Fennec Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Fennec Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fennec Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Fennec Pharmaceuticals stock market strength indicators, traders can identify Fennec Pharmaceuticals entry and exit signals to maximize returns.
Fennec Pharmaceuticals Risk Indicators
The analysis of Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fennec 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 | 1.86 | |||
| Standard Deviation | 3.01 | |||
| Variance | 9.03 |
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 Fennec Pharmaceuticals
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 Fennec Pharmaceuticals 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 Fennec Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving against Fennec Stock
| 0.66 | GOOG | Alphabet CDR | PairCorr |
| 0.66 | GOOG | Alphabet CDR | PairCorr |
| 0.65 | IGM | IGM Financial | PairCorr |
| 0.64 | PD | Precision Drilling | PairCorr |
| 0.63 | SAP | Saputo Inc | PairCorr |
The ability to find closely correlated positions to Fennec Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fennec Pharmaceuticals 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 Fennec Pharmaceuticals - 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 Fennec Pharmaceuticals to buy it.
The correlation of Fennec Pharmaceuticals 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 Fennec Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fennec Pharmaceuticals 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 Fennec Pharmaceuticals 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 Historical Fundamental Analysis of Fennec Pharmaceuticals to cross-verify your projections. To learn how to invest in Fennec Stock, please use our How to Invest in Fennec Pharmaceuticals guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .