Vinacomin Power Stock Forecast - Day Typical Price
| DTK Stock | 11,900 200.00 1.65% |
Vinacomin |
| Previous Day Typical Price | Day Typical Price | Trend |
| 11700.0 | 11400.0 |
| Check Vinacomin Power Volatility | Backtest Vinacomin Power | Trend Details |
Vinacomin Power Trading Date Momentum
| On November 28 2024 Vinacomin Power Holding was traded for 11,900 at the closing time. The maximum traded price for the trading interval was 11,900 and the lowest daily price was 11,900 . The daily volume was recorded at 100.0. The volume of trading on 28th of November 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 4.39% . The trading price change to the closing price today is 7.89% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
Compare Vinacomin Power to competition
Vinacomin Power 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 Vinacomin Power stock to make a market-neutral strategy. Peer analysis of Vinacomin Power could also be used in its relative valuation, which is a method of valuing Vinacomin Power by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Vinacomin Power Market Strength Events
Market strength indicators help investors to evaluate how Vinacomin Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Vinacomin Power shares will generate the highest return on investment. By undertsting and applying Vinacomin Power stock market strength indicators, traders can identify Vinacomin Power Holding entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 11900.0 | |||
| Day Typical Price | 11900.0 | |||
| Price Action Indicator | (100.00) | |||
| Period Momentum Indicator | (200.00) | |||
| Relative Strength Index | 61.97 |
Vinacomin Power Risk Indicators
The analysis of Vinacomin Power'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 Vinacomin Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting vinacomin 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 | 2.0 | |||
| Standard Deviation | 2.8 | |||
| Variance | 7.83 |
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 Vinacomin Power
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 Vinacomin Power 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 Vinacomin Power will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vinacomin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vinacomin Power 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 Vinacomin Power - 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 Vinacomin Power Holding to buy it.
The correlation of Vinacomin Power 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 Vinacomin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vinacomin Power Holding 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 Vinacomin Power 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.