DCP Midstream Stock Forecast - Accumulation Distribution
| DCPDelisted Stock | USD 41.69 0.00 0.00% |
DCP Stock Forecast is based on your current time horizon.
DCP |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 1104.06 | 1687.39 |
| Check DCP Midstream Volatility | Backtest DCP Midstream | Trend Details |
DCP Midstream Trading Date Momentum
| On May 17 2023 DCP Midstream LP was traded for 41.43 at the closing time. Highest DCP Midstream's price during the trading hours was 41.46 and the lowest price during the day was 41.42 . The net volume was 412.3 K. The overall trading history on the 17th of May 2023 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.07% . The overall trading delta to current price is 0.05% . |
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
Compare DCP Midstream to competition
DCP Midstream 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 DCP Midstream stock to make a market-neutral strategy. Peer analysis of DCP Midstream could also be used in its relative valuation, which is a method of valuing DCP Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DCP Midstream Market Strength Events
Market strength indicators help investors to evaluate how DCP Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DCP Midstream shares will generate the highest return on investment. By undertsting and applying DCP Midstream stock market strength indicators, traders can identify DCP Midstream LP entry and exit signals to maximize returns.
DCP Midstream Risk Indicators
The analysis of DCP Midstream'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 DCP Midstream's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dcp 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 | 0.0826 | |||
| Standard Deviation | 0.1186 | |||
| Variance | 0.0141 | |||
| Downside Variance | 0.0159 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.11) |
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 DCP Midstream
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 DCP Midstream 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 DCP Midstream will appreciate offsetting losses from the drop in the long position's value.Moving against DCP Stock
| 0.82 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.79 | BCH | Banco De Chile | PairCorr |
| 0.74 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.72 | SHG | Shinhan Financial | PairCorr |
| 0.71 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to DCP Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DCP Midstream 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 DCP Midstream - 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 DCP Midstream LP to buy it.
The correlation of DCP Midstream 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 DCP Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DCP Midstream LP 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 DCP Midstream 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 Investing Opportunities 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 main economic indicators. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in DCP Stock
If you are still planning to invest in DCP Midstream LP 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 DCP Midstream's history and understand the potential risks before investing.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |