Rover Stock Forecast - Accumulation Distribution
| ROVRDelisted Stock | USD 5.20 0.00 0.00% |
Rover Stock Forecast is based on your current time horizon.
Rover |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 25295.71 | 27062.18 |
| Check Rover Volatility | Backtest Rover | Trend Details |
Rover Trading Date Momentum
| On June 05 2023 Rover Group was traded for 4.62 at the closing time. The top price for the day was 4.75 and the lowest listed price was 4.58 . The trading volume for the day was 720.1 K. The trading history from June 5, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.65% . The trading delta at closing time against the current closing price is 2.58% . |
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 Rover to competition
Rover 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 Rover stock to make a market-neutral strategy. Peer analysis of Rover could also be used in its relative valuation, which is a method of valuing Rover by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rover Market Strength Events
Market strength indicators help investors to evaluate how Rover stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rover shares will generate the highest return on investment. By undertsting and applying Rover stock market strength indicators, traders can identify Rover Group entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0288 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.14 | |||
| Day Typical Price | 5.16 | |||
| Market Facilitation Index | 0.15 | |||
| Price Action Indicator | 0.065 | |||
| Relative Strength Index | 46.75 |
Rover Risk Indicators
The analysis of Rover'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 Rover's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rover 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 | 1.74 | |||
| Semi Deviation | 1.67 | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.15 | |||
| Downside Variance | 4.16 | |||
| Semi Variance | 2.79 | |||
| Expected Short fall | (2.13) |
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 Rover
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 Rover 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 Rover will appreciate offsetting losses from the drop in the long position's value.Moving against Rover Stock
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.74 | NNAX | New Momentum | PairCorr |
| 0.69 | AAGH | America Great Health | PairCorr |
| 0.68 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
The ability to find closely correlated positions to Rover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rover 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 Rover - 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 Rover Group to buy it.
The correlation of Rover 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 Rover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rover Group 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 Rover 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 real. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Consideration for investing in Rover Stock
If you are still planning to invest in Rover Group 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 Rover's history and understand the potential risks before investing.
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