Hexo Corp Stock Forecast - Accumulation Distribution
| HEXODelisted Stock | USD 0.71 0.00 0.00% |
Hexo Stock Forecast is based on your current time horizon.
Hexo |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2.8 M | 803524.0 |
| Check Hexo Corp Volatility | Backtest Hexo Corp | Trend Details |
Hexo Corp Trading Date Momentum
| On April 12 2023 Hexo Corp was traded for 1.18 at the closing time. The top price for the day was 1.22 and the lowest listed price was 1.17 . The trading volume for the day was 1 M. The trading history from April 12, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.67% . The trading delta at closing time against the current closing price is 5.00% . |
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
Compare Hexo Corp to competition
Hexo Corp 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 Hexo Corp stock to make a market-neutral strategy. Peer analysis of Hexo Corp could also be used in its relative valuation, which is a method of valuing Hexo Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hexo Corp Market Strength Events
Market strength indicators help investors to evaluate how Hexo Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hexo Corp shares will generate the highest return on investment. By undertsting and applying Hexo Corp stock market strength indicators, traders can identify Hexo Corp entry and exit signals to maximize returns.
Hexo Corp Risk Indicators
The analysis of Hexo Corp'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 Hexo Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hexo 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 | 3.85 | |||
| Standard Deviation | 6.6 | |||
| Variance | 43.62 |
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 Hexo Corp
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 Hexo Corp 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 Hexo Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Hexo Stock
| 0.69 | BKRKY | Bank Rakyat | PairCorr |
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | PPERF | Bank Mandiri Persero | PairCorr |
Moving against Hexo Stock
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | CSCO | Cisco Systems Aggressive Push | PairCorr |
The ability to find closely correlated positions to Hexo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hexo Corp 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 Hexo Corp - 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 Hexo Corp to buy it.
The correlation of Hexo Corp 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 Hexo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hexo Corp 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 Hexo Corp 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.Check out Risk vs Return Analysis 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 interest. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Consideration for investing in Hexo Stock
If you are still planning to invest in Hexo Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hexo Corp's history and understand the potential risks before investing.
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