CNH Stock Forecast - Price Action Indicator
| 023460 Stock | KRW 109.00 25.00 18.66% |
CNH Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CNH stock prices and determine the direction of CNH Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CNH's historical fundamentals, such as revenue growth or operating cash flow patterns.
CNH |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (20.50) | (31.50) |
| Check CNH Volatility | Backtest CNH | Trend Details |
CNH Trading Date Momentum
| On November 29 2024 CNH Co was traded for 109.00 at the closing time. The highest price during the trading period was 149.00 and the lowest recorded bid was listed for 107.00 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not affect price variability. The overall trading delta to the current price is 22.94% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
Compare CNH to competition
CNH 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 CNH stock to make a market-neutral strategy. Peer analysis of CNH could also be used in its relative valuation, which is a method of valuing CNH by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CNH Market Strength Events
Market strength indicators help investors to evaluate how CNH stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CNH shares will generate the highest return on investment. By undertsting and applying CNH stock market strength indicators, traders can identify CNH Co entry and exit signals to maximize returns.
Pair Trading with CNH
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 CNH 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 CNH will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CNH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNH 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 CNH - 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 CNH Co to buy it.
The correlation of CNH 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 CNH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNH Co 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 CNH 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 CNH Stock
CNH financial ratios help investors to determine whether CNH 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 CNH with respect to the benefits of owning CNH security.