Conns Stock Forecast - Daily Balance Of Power
Conns Stock Forecast is based on your current time horizon.
Conns |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.69) | 0.1818 |
| Check Conns Volatility | Backtest Conns | Trend Details |
Conns Trading Date Momentum
| On May 07 2024 Conns Inc was traded for 3.43 at the closing time. The top price for the day was 3.55 and the lowest listed price was 3.42 . The trading volume for the day was 33.3 K. The trading history from May 7, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.29% . The overall trading delta against the current closing price is 3.78% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Conns to competition
Conns 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 Conns stock to make a market-neutral strategy. Peer analysis of Conns could also be used in its relative valuation, which is a method of valuing Conns by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Conns Risk Indicators
The analysis of Conns' 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 Conns' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting conns 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 | 7.71 | |||
| Standard Deviation | 11.1 | |||
| Variance | 123.29 |
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 Conns
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 Conns 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 Conns will appreciate offsetting losses from the drop in the long position's value.Moving together with Conns Stock
Moving against Conns Stock
| 0.98 | TRCA | Twin Ridge Capital | PairCorr |
| 0.97 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.93 | AAC | Ares Acquisition | PairCorr |
| 0.93 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.85 | ARTE | Artemis Strategic | PairCorr |
The ability to find closely correlated positions to Conns could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conns 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 Conns - 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 Conns Inc to buy it.
The correlation of Conns 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 Conns moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conns Inc 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 Conns 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in Conns Stock
If you are still planning to invest in Conns Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Conns' history and understand the potential risks before investing.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |