On November 25 2024 Thumzup Media was traded for 4.06 at the closing time. The top price for the day was 4.42 and the lowest listed price was 4.05 . The trading volume for the day was 88.5 K. The trading history from November 25, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 8.62% .
The median price is the midpoint of the trading periods range.
For every potential investor in Thumzup, whether a beginner or expert, Thumzup Media's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thumzup OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thumzup. Basic forecasting techniques help filter out the noise by identifying Thumzup Media's price trends.
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 Thumzup Media otc stock to make a market-neutral strategy. Peer analysis of Thumzup Media could also be used in its relative valuation, which is a method of valuing Thumzup Media by comparing valuation metrics with similar companies.
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Thumzup Media'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 Thumzup Media's current price.
Market strength indicators help investors to evaluate how Thumzup Media otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thumzup Media shares will generate the highest return on investment. By undertsting and applying Thumzup Media otc stock market strength indicators, traders can identify Thumzup Media entry and exit signals to maximize returns.
The analysis of Thumzup Media'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 Thumzup Media's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thumzup otc 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.
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 Thumzup Media
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 Thumzup Media 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 Thumzup Media will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Thumzup Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thumzup Media 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 Thumzup Media - 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 Thumzup Media to buy it.
The correlation of Thumzup Media 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 Thumzup Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thumzup Media 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 Thumzup Media 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.
When running Thumzup Media's price analysis, check to measure Thumzup Media'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 Thumzup Media is operating at the current time. Most of Thumzup Media's value examination focuses on studying past and present price action to predict the probability of Thumzup Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thumzup Media's price. Additionally, you may evaluate how the addition of Thumzup Media to your portfolios can decrease your overall portfolio volatility.