Hochiminh City Stock Forecast - Relative Strength Index
| HMC Stock | 10,800 150.00 1.37% |
Hochiminh Stock Forecast is based on your current time horizon.
Hochiminh |
| Check Hochiminh City Volatility | Backtest Hochiminh City | Information Ratio |
Hochiminh City Trading Date Momentum
| On November 23 2024 Hochiminh City Metal was traded for 10,800 at the closing time. The maximum traded price for the trading interval was 11,000 and the lowest daily price was 10,700 . There was no trading activity during the period 0.0. Lack of trading volume on 23rd of November 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.93% . |
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Other Forecasting Options for Hochiminh City
For every potential investor in Hochiminh, whether a beginner or expert, Hochiminh City's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hochiminh Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hochiminh. Basic forecasting techniques help filter out the noise by identifying Hochiminh City's price trends.Hochiminh City 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 Hochiminh City stock to make a market-neutral strategy. Peer analysis of Hochiminh City could also be used in its relative valuation, which is a method of valuing Hochiminh City by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hochiminh City Metal 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 Hochiminh City'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 Hochiminh City's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Hochiminh City Market Strength Events
Market strength indicators help investors to evaluate how Hochiminh City stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hochiminh City shares will generate the highest return on investment. By undertsting and applying Hochiminh City stock market strength indicators, traders can identify Hochiminh City Metal entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0273 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 10850.0 | |||
| Day Typical Price | 10833.33 | |||
| Market Facilitation Index | 300.0 | |||
| Price Action Indicator | (125.00) | |||
| Period Momentum Indicator | (150.00) | |||
| Relative Strength Index | 9.52 |
Hochiminh City Risk Indicators
The analysis of Hochiminh City'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 Hochiminh City's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hochiminh 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 | 0.9 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.12 |
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 Hochiminh City
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 Hochiminh City 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 Hochiminh City will appreciate offsetting losses from the drop in the long position's value.Moving together with Hochiminh Stock
Moving against Hochiminh Stock
The ability to find closely correlated positions to Hochiminh City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hochiminh City 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 Hochiminh City - 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 Hochiminh City Metal to buy it.
The correlation of Hochiminh City 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 Hochiminh City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hochiminh City Metal 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 Hochiminh City 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 Hochiminh Stock
Hochiminh City financial ratios help investors to determine whether Hochiminh 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 Hochiminh with respect to the benefits of owning Hochiminh City security.