Erdene Resource Pink Sheet Forecast - Accumulation Distribution
| ERDCF Stock | USD 0.43 0.01 2.38% |
Erdene Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Erdene Resource's historical fundamentals, such as revenue growth or operating cash flow patterns.
Erdene |
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Erdene Resource Trading Date Momentum
| On October 22 2024 Erdene Resource Development was traded for 0.51 at the closing time. The highest daily price throughout the period was 0.52 and the lowest price was 0.51 . The daily volume was 29 K. The net trading volume on 10/22/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 2.00% . The overall trading delta to current closing price is 4.00% . |
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
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Other Forecasting Options for Erdene Resource
For every potential investor in Erdene, whether a beginner or expert, Erdene Resource's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Erdene Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Erdene. Basic forecasting techniques help filter out the noise by identifying Erdene Resource's price trends.Erdene Resource 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 Erdene Resource pink sheet to make a market-neutral strategy. Peer analysis of Erdene Resource could also be used in its relative valuation, which is a method of valuing Erdene Resource by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Erdene Resource Deve Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Erdene Resource'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 Erdene Resource's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Erdene Resource Market Strength Events
Market strength indicators help investors to evaluate how Erdene Resource pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erdene Resource shares will generate the highest return on investment. By undertsting and applying Erdene Resource pink sheet market strength indicators, traders can identify Erdene Resource Development entry and exit signals to maximize returns.
Erdene Resource Risk Indicators
The analysis of Erdene Resource'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 Erdene Resource's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting erdene pink sheet 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 | 3.15 | |||
| Semi Deviation | 2.87 | |||
| Standard Deviation | 4.04 | |||
| Variance | 16.36 | |||
| Downside Variance | 16.75 | |||
| Semi Variance | 8.25 | |||
| Expected Short fall | (4.68) |
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.
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Other Information on Investing in Erdene Pink Sheet
Erdene Resource financial ratios help investors to determine whether Erdene Pink Sheet 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 Erdene with respect to the benefits of owning Erdene Resource security.