Athabasca Oil Stock Forecast - Period Momentum Indicator
| ATH Stock | CAD 5.14 0.01 0.19% |
Athabasca Stock Forecast is based on your current time horizon. Although Athabasca Oil's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Athabasca Oil's systematic risk associated with finding meaningful patterns of Athabasca Oil fundamentals over time.
Athabasca |
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.37) | (0.17) |
| Check Athabasca Oil Volatility | Backtest Athabasca Oil | Trend Details |
Athabasca Oil Trading Date Momentum
| On November 26 2024 Athabasca Oil Corp was traded for 5.19 at the closing time. The maximum traded price for the trading interval was 5.30 and the lowest daily price was 5.16 . The daily volume was recorded at 2.1 M. The volume of trading on 26th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.26% . The overall trading delta to the closing price today is 2.64% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Athabasca Oil
For every potential investor in Athabasca, whether a beginner or expert, Athabasca Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Athabasca Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Athabasca. Basic forecasting techniques help filter out the noise by identifying Athabasca Oil's price trends.Athabasca Oil 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 Athabasca Oil stock to make a market-neutral strategy. Peer analysis of Athabasca Oil could also be used in its relative valuation, which is a method of valuing Athabasca Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Athabasca Oil Corp 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 Athabasca Oil'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 Athabasca Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Athabasca Oil Market Strength Events
Market strength indicators help investors to evaluate how Athabasca Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Athabasca Oil shares will generate the highest return on investment. By undertsting and applying Athabasca Oil stock market strength indicators, traders can identify Athabasca Oil Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 21251.62 | |||
| Daily Balance Of Power | 0.1111 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.15 | |||
| Day Typical Price | 5.14 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 44.93 |
Athabasca Oil Risk Indicators
The analysis of Athabasca Oil'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 Athabasca Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting athabasca 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 | 1.68 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.26 |
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 Athabasca Oil
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 Athabasca Oil 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Athabasca Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athabasca Oil 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 Athabasca Oil - 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 Athabasca Oil Corp to buy it.
The correlation of Athabasca Oil 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 Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca Oil Corp 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 Athabasca Oil 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 Athabasca Stock
Athabasca Oil financial ratios help investors to determine whether Athabasca 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 Athabasca with respect to the benefits of owning Athabasca Oil security.