Investors can use prediction functions to forecast DHG Pharmaceutical's stock prices and determine the direction of DHG Pharmaceutical JSC's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of DHG Pharmaceutical's historical fundamentals, such as revenue growth or operating cash flow patterns. 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 board of governors.
DHG
On November 13, 2024 DHG Pharmaceutical JSC had Accumulation Distribution of 283.86. The accumulation distribution (A/D) indicator shows the degree to which DHG Pharmaceutical is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of DHG Pharmaceutical JSC to determine if accumulation or reduction is taking place in the market. This value is adjusted by DHG Pharmaceutical trading volume to give more weight to distributions with higher volume over lower volume.
On November 14 2024 DHG Pharmaceutical JSC was traded for 102,700 at the closing time. The maximum traded price for the trading interval was 104,000 and the lowest daily price was 102,500 . The daily volume was recorded at 3.6 K. The volume of trading on 14th of November 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 0.10% . The overall trading delta to the closing price today is 2.53% .
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 DHG, whether a beginner or expert, DHG Pharmaceutical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DHG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DHG. Basic forecasting techniques help filter out the noise by identifying DHG Pharmaceutical's 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 DHG Pharmaceutical stock to make a market-neutral strategy. Peer analysis of DHG Pharmaceutical could also be used in its relative valuation, which is a method of valuing DHG Pharmaceutical by comparing valuation metrics with similar companies.
DHG Pharmaceutical JSC 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 DHG Pharmaceutical'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 DHG Pharmaceutical's current price.
Market strength indicators help investors to evaluate how DHG Pharmaceutical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DHG Pharmaceutical shares will generate the highest return on investment. By undertsting and applying DHG Pharmaceutical stock market strength indicators, traders can identify DHG Pharmaceutical JSC entry and exit signals to maximize returns.
The analysis of DHG Pharmaceutical'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 DHG Pharmaceutical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dhg 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 DHG Pharmaceutical
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 DHG Pharmaceutical 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 DHG Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to DHG Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHG Pharmaceutical 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 DHG Pharmaceutical - 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 DHG Pharmaceutical JSC to buy it.
The correlation of DHG Pharmaceutical 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 DHG Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHG Pharmaceutical JSC 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 DHG Pharmaceutical 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.