PetIQ Stock Forecast - Accumulation Distribution
| PETQDelisted Stock | USD 30.98 0.00 0.00% |
PetIQ Stock Forecast is based on your current time horizon.
PetIQ |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2488.06 | 1841.2 |
| Check PetIQ Volatility | Backtest PetIQ | Trend Details |
PetIQ Trading Date Momentum
| On September 06 2024 PetIQ Inc was traded for 30.55 at the closing time. The top price for the day was 30.65 and the lowest listed price was 30.55 . The trading volume for the day was 302.7 K. The trading history from September 6, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.10% . The trading delta at closing time against the current closing price is 0.16% . |
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 PetIQ to competition
View PetIQ Related Equities
| Risk & Return | Correlation |
PetIQ Market Strength Events
Market strength indicators help investors to evaluate how PetIQ stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PetIQ shares will generate the highest return on investment. By undertsting and applying PetIQ stock market strength indicators, traders can identify PetIQ Inc entry and exit signals to maximize returns.
| Accumulation Distribution | 6.0E-4 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 30.99 | |||
| Day Typical Price | 30.99 | |||
| Market Facilitation Index | 0.02 | |||
| Price Action Indicator | (0.01) |
PetIQ Risk Indicators
The analysis of PetIQ'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 PetIQ's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting petiq 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 | 1.51 | |||
| Standard Deviation | 5.93 | |||
| Variance | 35.11 | |||
| Downside Variance | 0.4988 | |||
| Semi Variance | (0.49) | |||
| Expected Short fall | (1.69) |
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 PetIQ
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 PetIQ 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 PetIQ will appreciate offsetting losses from the drop in the long position's value.Moving together with PetIQ Stock
Moving against PetIQ Stock
| 0.59 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.58 | WUHN | Wuhan General Gr | PairCorr |
| 0.56 | ELAN | Elanco Animal Health | PairCorr |
| 0.54 | RDY | Dr Reddys Laboratories | PairCorr |
| 0.54 | RGC | Regencell Bioscience | PairCorr |
The ability to find closely correlated positions to PetIQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetIQ 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 PetIQ - 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 PetIQ Inc to buy it.
The correlation of PetIQ 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 PetIQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PetIQ Inc 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 PetIQ 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 Your Equity Center 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 estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in PetIQ Stock
If you are still planning to invest in PetIQ Inc 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 PetIQ's history and understand the potential risks before investing.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |