BankInv GloAkColum Stock Forecast - Relative Strength Index
| BAIGACTNA | 142.60 0.60 0.42% |
BankInv |
| Check BankInv GloAkColum Volatility | Backtest BankInv GloAkColum | Trend Details |
BankInv GloAkColum Trading Date Momentum
| On November 27 2024 BankInv GloAkColum Threadndl was traded for 142.60 at the closing time. The highest price during the trading period was 143.20 and the lowest recorded bid was listed for 142.35 . There was no trading activity during the period 0.0. Lack of trading volume on November 27, 2024 did not affect price variability. The overall trading delta to the current price is 0.42% . |
BankInv GloAkColum 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 BankInv GloAkColum stock to make a market-neutral strategy. Peer analysis of BankInv GloAkColum could also be used in its relative valuation, which is a method of valuing BankInv GloAkColum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BankInv GloAkColum Market Strength Events
Market strength indicators help investors to evaluate how BankInv GloAkColum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BankInv GloAkColum shares will generate the highest return on investment. By undertsting and applying BankInv GloAkColum stock market strength indicators, traders can identify BankInv GloAkColum Threadndl entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0059 | |||
| Daily Balance Of Power | (0.71) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 142.77 | |||
| Day Typical Price | 142.72 | |||
| Market Facilitation Index | 0.85 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | (0.60) |
BankInv GloAkColum Risk Indicators
The analysis of BankInv GloAkColum'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 BankInv GloAkColum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bankinv 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 | 0.5422 | |||
| Semi Deviation | 0.6076 | |||
| Standard Deviation | 0.7666 | |||
| Variance | 0.5877 | |||
| Downside Variance | 0.681 | |||
| Semi Variance | 0.3692 | |||
| Expected Short fall | (0.60) |
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 BankInv GloAkColum
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 BankInv GloAkColum 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 BankInv GloAkColum will appreciate offsetting losses from the drop in the long position's value.Moving together with BankInv Stock
Moving against BankInv Stock
| 0.86 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.86 | VWS | Vestas Wind Systems | PairCorr |
| 0.83 | GMAB | Genmab AS | PairCorr |
| 0.62 | CARL-B | Carlsberg AS | PairCorr |
| 0.4 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to BankInv GloAkColum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BankInv GloAkColum 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 BankInv GloAkColum - 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 BankInv GloAkColum Threadndl to buy it.
The correlation of BankInv GloAkColum 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 BankInv GloAkColum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BankInv GloAkColum 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 BankInv GloAkColum 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.Additional Tools for BankInv Stock Analysis
When running BankInv GloAkColum's price analysis, check to measure BankInv GloAkColum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BankInv GloAkColum is operating at the current time. Most of BankInv GloAkColum's value examination focuses on studying past and present price action to predict the probability of BankInv GloAkColum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BankInv GloAkColum's price. Additionally, you may evaluate how the addition of BankInv GloAkColum to your portfolios can decrease your overall portfolio volatility.