WONIK Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast WONIK Materials stock prices and determine the direction of WONIK Materials CoLtd's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of WONIK Materials' historical fundamentals, such as revenue growth or operating cash flow patterns.
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On November 15, 2024 WONIK Materials CoLtd had Accumulation Distribution of 5120.95. The accumulation distribution (A/D) indicator shows the degree to which WONIK Materials is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of WONIK Materials CoLtd to determine if accumulation or reduction is taking place in the market. This value is adjusted by WONIK Materials trading volume to give more weight to distributions with higher volume over lower volume.
On November 18 2024 WONIK Materials CoLtd was traded for 18,200 at the closing time. The highest price during the trading period was 18,520 and the lowest recorded bid was listed for 18,040 . The volume for the day was 50.1 K. This history from November 18, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.39% . The trading price change to the current price is 0.99% .
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
For every potential investor in WONIK, whether a beginner or expert, WONIK Materials' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. WONIK Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in WONIK. Basic forecasting techniques help filter out the noise by identifying WONIK Materials' 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 WONIK Materials stock to make a market-neutral strategy. Peer analysis of WONIK Materials could also be used in its relative valuation, which is a method of valuing WONIK Materials by comparing valuation metrics with similar companies.
WONIK Materials CoLtd 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 WONIK Materials' 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 WONIK Materials' current price.
Market strength indicators help investors to evaluate how WONIK Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WONIK Materials shares will generate the highest return on investment. By undertsting and applying WONIK Materials stock market strength indicators, traders can identify WONIK Materials CoLtd entry and exit signals to maximize returns.
The analysis of WONIK Materials' 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 WONIK Materials' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wonik 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 WONIK Materials
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 WONIK Materials 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 WONIK Materials will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to WONIK Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WONIK Materials 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 WONIK Materials - 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 WONIK Materials CoLtd to buy it.
The correlation of WONIK Materials 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 WONIK Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WONIK Materials CoLtd 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 WONIK Materials 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.
WONIK Materials financial ratios help investors to determine whether WONIK 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 WONIK with respect to the benefits of owning WONIK Materials security.