PNM Resources Stock Forecast - Relative Strength Index
PNMDelisted Stock | USD 43.25 0.21 0.48% |
PNM Stock Forecast is based on your current time horizon.
PNM |
Previous Relative Strength Index | Relative Strength Index | Trend |
69.83 | 69.83 |
Check PNM Resources Volatility | Backtest PNM Resources | Information Ratio |
PNM Resources Trading Date Momentum
On November 25 2024 PNM Resources was traded for 43.25 at the closing time. Highest PNM Resources's price during the trading hours was 43.63 and the lowest price during the day was 43.08 . There was no trading activity during the period 0.0. Lack of trading volume on the 25th of November did not cause price change. The trading delta at closing time to current price is 0.49% . |
PNM Resources 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 PNM Resources stock to make a market-neutral strategy. Peer analysis of PNM Resources could also be used in its relative valuation, which is a method of valuing PNM Resources by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
PNM Resources Market Strength Events
Market strength indicators help investors to evaluate how PNM Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PNM Resources shares will generate the highest return on investment. By undertsting and applying PNM Resources stock market strength indicators, traders can identify PNM Resources entry and exit signals to maximize returns.
PNM Resources Risk Indicators
The analysis of PNM Resources' 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 PNM Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pnm 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 | 0.7683 | |||
Semi Deviation | 0.6636 | |||
Standard Deviation | 1.04 | |||
Variance | 1.09 | |||
Downside Variance | 0.9531 | |||
Semi Variance | 0.4403 | |||
Expected Short fall | (0.97) |
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.
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Other Consideration for investing in PNM Stock
If you are still planning to invest in PNM Resources 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 PNM Resources' history and understand the potential risks before investing.
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