Exco Technologies Stock Forecast - Accumulation Distribution
XTC Stock | CAD 8.48 0.03 0.35% |
Exco Stock Forecast is based on your current time horizon. Although Exco Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Exco Technologies' systematic risk associated with finding meaningful patterns of Exco Technologies fundamentals over time.
Exco |
Previous Accumulation Distribution | Accumulation Distribution | Trend |
19.64 | 0.0082 |
Check Exco Technologies Volatility | Backtest Exco Technologies | Information Ratio |
Exco Technologies Trading Date Momentum
On November 22 2024 Exco Technologies Limited was traded for 8.48 at the closing time. The maximum traded price for the trading interval was 8.51 and the lowest daily price was 8.44 . There was no trading activity during the period 0.0. Lack of trading volume on 22nd of November 2024 did not affect price variability. The overall trading delta to the closing price today is 0.35% . |
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
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Other Forecasting Options for Exco Technologies
For every potential investor in Exco, whether a beginner or expert, Exco Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Exco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Exco. Basic forecasting techniques help filter out the noise by identifying Exco Technologies' price trends.Exco Technologies 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 Exco Technologies stock to make a market-neutral strategy. Peer analysis of Exco Technologies could also be used in its relative valuation, which is a method of valuing Exco Technologies by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Exco Technologies 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 Exco Technologies' 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 Exco Technologies' current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Exco Technologies Market Strength Events
Market strength indicators help investors to evaluate how Exco Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Exco Technologies shares will generate the highest return on investment. By undertsting and applying Exco Technologies stock market strength indicators, traders can identify Exco Technologies Limited entry and exit signals to maximize returns.
Exco Technologies Risk Indicators
The analysis of Exco Technologies' 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 Exco Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting exco 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 | 0.9452 | |||
Semi Deviation | 0.9981 | |||
Standard Deviation | 1.18 | |||
Variance | 1.4 | |||
Downside Variance | 1.45 | |||
Semi Variance | 0.9961 | |||
Expected Short fall | (1.03) |
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 Exco Technologies
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 Exco Technologies 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 Exco Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Exco Stock
Moving against Exco Stock
The ability to find closely correlated positions to Exco Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exco Technologies 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 Exco Technologies - 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 Exco Technologies Limited to buy it.
The correlation of Exco Technologies 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 Exco Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exco Technologies 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 Exco Technologies 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 Exco Stock
Exco Technologies financial ratios help investors to determine whether Exco Stock 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 Exco with respect to the benefits of owning Exco Technologies security.