Driven Brands Etf Forecast - Daily Balance Of Power
| DRVN Etf | USD 16.85 0.01 0.06% |
Driven Etf Forecast is based on your current time horizon.
Driven |
Open Interest Against 2024-12-20 Driven Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Driven Brands' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Driven Brands' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Driven Brands stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Driven Brands' open interest, investors have to compare it to Driven Brands' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Driven Brands is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Driven. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.34) | (0.08) |
| Check Driven Brands Volatility | Backtest Driven Brands | Trend Details |
Driven Brands Trading Date Momentum
| On January 03 2024 Driven Brands Holdings was traded for 12.93 at the closing time. The top price for the day was 13.97 and the lowest listed price was 12.85 . The trading volume for the day was 1.9 M. The trading history from January 3, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 8.30% . The overall trading delta against the current closing price is 5.32% . |
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 Driven Brands to competition |
Other Forecasting Options for Driven Brands
For every potential investor in Driven, whether a beginner or expert, Driven Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Driven Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Driven. Basic forecasting techniques help filter out the noise by identifying Driven Brands' price trends.View Driven Brands Related Equities
| Risk & Return | Correlation |
Driven Brands Holdings Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Driven Brands' 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 Driven Brands' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Driven Brands Market Strength Events
Market strength indicators help investors to evaluate how Driven Brands etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Driven Brands shares will generate the highest return on investment. By undertsting and applying Driven Brands etf market strength indicators, traders can identify Driven Brands Holdings entry and exit signals to maximize returns.
Driven Brands Risk Indicators
The analysis of Driven Brands' 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 Driven Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting driven etf 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 | 1.56 | |||
| Semi Deviation | 1.59 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.24 | |||
| Downside Variance | 3.87 | |||
| Semi Variance | 2.53 | |||
| Expected Short fall | (1.67) |
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 Driven Brands
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 Driven Brands 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 Driven Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Driven Etf
| 0.91 | G | Genpact Limited | PairCorr |
| 0.81 | BR | Broadridge Financial | PairCorr |
| 0.63 | BV | BrightView Holdings | PairCorr |
Moving against Driven Etf
| 0.8 | VCIG | VCI Global Limited Trending | PairCorr |
| 0.75 | MG | Mistras Group | PairCorr |
| 0.58 | FC | Franklin Covey | PairCorr |
| 0.57 | VLTO | Veralto | PairCorr |
| 0.4 | DLHC | DLH Holdings Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands 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 Driven Brands - 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 Driven Brands Holdings to buy it.
The correlation of Driven Brands 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 Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings 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 Driven Brands 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 Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf 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 Driven with respect to the benefits of owning Driven Brands security.