Resources Connection Stock Forecast - Accumulation Distribution
| RGP Stock | USD 8.49 0.08 0.95% |
Resources Stock Forecast is based on your current time horizon. Although Resources Connection's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Resources Connection's systematic risk associated with finding meaningful patterns of Resources Connection fundamentals over time.
Resources |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2941.31 | 7406.42 |
| Check Resources Connection Volatility | Backtest Resources Connection | Information Ratio |
Resources Connection Trading Date Momentum
| On November 25 2024 Resources Connection was traded for 8.49 at the closing time. Highest Resources Connection's price during the trading hours was 8.76 and the lowest price during the day was 8.48 . The net volume was 231.7 K. The overall trading history on the 25th of November did not cause price change. The trading delta at closing time to current price is 0.00% . |
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
| Compare Resources Connection to competition |
Other Forecasting Options for Resources Connection
For every potential investor in Resources, whether a beginner or expert, Resources Connection's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Resources Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Resources. Basic forecasting techniques help filter out the noise by identifying Resources Connection's price trends.Resources Connection 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 Resources Connection stock to make a market-neutral strategy. Peer analysis of Resources Connection could also be used in its relative valuation, which is a method of valuing Resources Connection by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Resources Connection 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 Resources Connection'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 Resources Connection's current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Resources Connection Market Strength Events
Market strength indicators help investors to evaluate how Resources Connection stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Resources Connection shares will generate the highest return on investment. By undertsting and applying Resources Connection stock market strength indicators, traders can identify Resources Connection entry and exit signals to maximize returns.
Resources Connection Risk Indicators
The analysis of Resources Connection'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 Resources Connection's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting resources 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 | 1.5 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.84 |
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 Resources Connection
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 Resources Connection 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 Resources Connection will appreciate offsetting losses from the drop in the long position's value.Moving against Resources Stock
| 0.82 | NL | NL Industries | PairCorr |
| 0.55 | BR | Broadridge Financial | PairCorr |
| 0.52 | SQ | Block Inc | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
| 0.49 | WM | Waste Management | PairCorr |
The ability to find closely correlated positions to Resources Connection could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Resources Connection 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 Resources Connection - 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 Resources Connection to buy it.
The correlation of Resources Connection 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 Resources Connection moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Resources Connection 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 Resources Connection 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.Additional Tools for Resources Stock Analysis
When running Resources Connection's price analysis, check to measure Resources Connection's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Resources Connection is operating at the current time. Most of Resources Connection's value examination focuses on studying past and present price action to predict the probability of Resources Connection's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resources Connection's price. Additionally, you may evaluate how the addition of Resources Connection to your portfolios can decrease your overall portfolio volatility.