Absa Multi Fund Forecast - Price Action Indicator
Investors can use prediction functions to forecast Absa Multi's fund prices and determine the direction of Absa Multi Managed's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
On December 4, 2024 Absa Multi Managed had Price Action Indicator of 0. Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.Absa |
| Check Absa Multi Volatility | Backtest Absa Multi | Information Ratio |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Absa Multi
For every potential investor in Absa, whether a beginner or expert, Absa Multi's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Absa Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Absa. Basic forecasting techniques help filter out the noise by identifying Absa Multi's price trends.Absa Multi 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 Absa Multi fund to make a market-neutral strategy. Peer analysis of Absa Multi could also be used in its relative valuation, which is a method of valuing Absa Multi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Absa Multi Managed 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 Absa Multi'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 Absa Multi's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Absa Multi Risk Indicators
The analysis of Absa Multi'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 Absa Multi's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting absa 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 | 0.2641 | |||
| Standard Deviation | 0.344 | |||
| Variance | 0.1183 | |||
| Downside Variance | 0.1655 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.49) |
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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
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