Vinacomin Power Stock Forecast - Price Action Indicator
| DTK Stock | 11,900 0.00 0.00% |
Vinacomin |
| Check Vinacomin Power Volatility | Backtest Vinacomin Power | Trend Details |
Vinacomin Power Trading Date Momentum
| On December 11 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 . There was no trading activity during the period 0.0. Lack of trading volume on 11th of December 2024 did not result in any price rise and fall. The trading price change to the closing price today is 0.00% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11900.0 | |||
| Day Typical Price | 11900.0 |
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.