Tekla Healthcare Fund Forecast - Daily Balance Of Power
| THQ Fund | USD 20.30 0.47 2.37% |
Tekla Fund Forecast is based on your current time horizon.
Tekla |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.7407 | 1.021739 |
| Check Tekla Healthcare Volatility | Backtest Tekla Healthcare | Information Ratio |
Tekla Healthcare Trading Date Momentum
| On November 25 2024 Tekla Healthcare Opportunities was traded for 20.30 at the closing time. Highest Tekla Healthcare's price during the trading hours was 20.36 and the lowest price during the day was 19.90 . The net volume was 257.1 K. The overall trading history on the 25th of November did not result in any price rise and fall. The trading price change to current price is 1.97% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Tekla Healthcare to competition |
Other Forecasting Options for Tekla Healthcare
For every potential investor in Tekla, whether a beginner or expert, Tekla Healthcare's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tekla Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tekla. Basic forecasting techniques help filter out the noise by identifying Tekla Healthcare's price trends.View Tekla Healthcare Related Equities
| Risk & Return | Correlation |
Tekla Healthcare Opp Technical and Predictive Analytics
The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Tekla Healthcare'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 Tekla Healthcare's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tekla Healthcare Market Strength Events
Market strength indicators help investors to evaluate how Tekla Healthcare fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tekla Healthcare shares will generate the highest return on investment. By undertsting and applying Tekla Healthcare fund market strength indicators, traders can identify Tekla Healthcare Opportunities entry and exit signals to maximize returns.
| Accumulation Distribution | 5807.75 | |||
| Daily Balance Of Power | 1.021739 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 20.13 | |||
| Day Typical Price | 20.19 | |||
| Price Action Indicator | 0.41 | |||
| Period Momentum Indicator | 0.47 |
Tekla Healthcare Risk Indicators
The analysis of Tekla Healthcare'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 Tekla Healthcare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tekla fund 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 | 0.7747 | |||
| Standard Deviation | 1.0 | |||
| Variance | 1.01 |
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 Tekla Healthcare
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 Tekla Healthcare 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 Tekla Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against Tekla Fund
| 0.52 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.37 | PYARX | Payden Absolute Return | PairCorr |
| 0.37 | LTFOX | Lord Abbett Affiliated | PairCorr |
| 0.37 | GAB | Gabelli Equity Trust | PairCorr |
| 0.34 | PYAIX | Payden Absolute Return | PairCorr |
The ability to find closely correlated positions to Tekla Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tekla Healthcare 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 Tekla Healthcare - 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 Tekla Healthcare Opportunities to buy it.
The correlation of Tekla Healthcare 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 Tekla Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tekla Healthcare Opp 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 Tekla Healthcare 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 Tekla Fund
Tekla Healthcare financial ratios help investors to determine whether Tekla Fund 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 Tekla with respect to the benefits of owning Tekla Healthcare security.
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| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |