RMR Stock Forecast - Coefficient Of Variation
| RMR Stock | USD 22.01 0.14 0.63% |
RMR Stock Forecast is based on your current time horizon. Although RMR's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of RMR's systematic risk associated with finding meaningful patterns of RMR fundamentals over time.
RMR |
| Check RMR Volatility | Backtest RMR | Information Ratio |
RMR Trading Date Momentum
| On November 25 2024 RMR Group was traded for 22.01 at the closing time. Highest RMR's price during the trading hours was 22.40 and the lowest price during the day was 21.99 . 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 0.91% . |
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Other Forecasting Options for RMR
For every potential investor in RMR, whether a beginner or expert, RMR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RMR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RMR. Basic forecasting techniques help filter out the noise by identifying RMR's price trends.RMR 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 RMR stock to make a market-neutral strategy. Peer analysis of RMR could also be used in its relative valuation, which is a method of valuing RMR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RMR Group 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 RMR'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 RMR's current price.| Cycle Indicators | ||
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RMR Market Strength Events
Market strength indicators help investors to evaluate how RMR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RMR shares will generate the highest return on investment. By undertsting and applying RMR stock market strength indicators, traders can identify RMR Group entry and exit signals to maximize returns.
RMR Risk Indicators
The analysis of RMR'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 RMR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rmr 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 | 0.9176 | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.88 |
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 RMR
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 RMR 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 RMR will appreciate offsetting losses from the drop in the long position's value.Moving together with RMR Stock
Moving against RMR Stock
| 0.63 | CBL | CBL Associates Properties | PairCorr |
| 0.62 | ZG | Zillow Group | PairCorr |
| 0.6 | DOUG | Douglas Elliman | PairCorr |
| 0.59 | UE | Urban Edge Properties | PairCorr |
| 0.4 | MRNO | Murano Global Investments | PairCorr |
The ability to find closely correlated positions to RMR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RMR 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 RMR - 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 RMR Group to buy it.
The correlation of RMR 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 RMR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RMR 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 RMR 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 RMR Stock Analysis
When running RMR's price analysis, check to measure RMR'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 RMR is operating at the current time. Most of RMR's value examination focuses on studying past and present price action to predict the probability of RMR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RMR's price. Additionally, you may evaluate how the addition of RMR to your portfolios can decrease your overall portfolio volatility.