Oil Stock Forecast - Accumulation Distribution
| OGDC Stock | 193.62 5.33 2.83% |
Oil Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Oil stock prices and determine the direction of Oil and Gas's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Oil's historical fundamentals, such as revenue growth or operating cash flow patterns.
Oil |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 356323.0 | 417365.0 |
| Check Oil Volatility | Backtest Oil | Trend Details |
Oil Trading Date Momentum
| On November 25 2024 Oil and Gas was traded for 192.82 at the closing time. The highest price during the trading period was 195.50 and the lowest recorded bid was listed for 192.00 . The volume for the day was 4.1 M. This history from November 25, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.96% . The trading delta at closing time to the current price is 2.41% . |
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 Oil to competition |
Other Forecasting Options for Oil
For every potential investor in Oil, whether a beginner or expert, Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Oil Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Oil. Basic forecasting techniques help filter out the noise by identifying Oil's price trends.Oil 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 Oil stock to make a market-neutral strategy. Peer analysis of Oil could also be used in its relative valuation, which is a method of valuing Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oil and Gas Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Oil'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 Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Oil Market Strength Events
Market strength indicators help investors to evaluate how Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oil shares will generate the highest return on investment. By undertsting and applying Oil stock market strength indicators, traders can identify Oil and Gas entry and exit signals to maximize returns.
| Accumulation Distribution | 348075.0 | |||
| Daily Balance Of Power | 0.881 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 191.83 | |||
| Day Typical Price | 192.42 | |||
| Price Action Indicator | 4.46 | |||
| Period Momentum Indicator | 5.33 |
Oil Risk Indicators
The analysis of Oil'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 Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oil 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 | 1.61 | |||
| Semi Deviation | 1.36 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.74 | |||
| Downside Variance | 3.51 | |||
| Semi Variance | 1.86 | |||
| Expected Short fall | (1.93) |
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 Oil
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 Oil 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 Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Oil Stock
Moving against Oil Stock
The ability to find closely correlated positions to Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil 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 Oil - 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 Oil and Gas to buy it.
The correlation of Oil 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 Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil and Gas 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 Oil 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 Oil Stock
Oil financial ratios help investors to determine whether Oil Stock 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 Oil with respect to the benefits of owning Oil security.