Investors can use prediction functions to forecast Transimex Saigon's stock prices and determine the direction of Transimex Saigon Corp's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of Transimex Saigon's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out World Market Map 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 board of governors.
Transimex
On January 2, 2025 Transimex Saigon Corp had Day Typical Price of 42000.0. Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
On January 03 2025 Transimex Saigon Corp was traded for 41,000 at the closing time. The maximum traded price for the trading interval was 41,000 and the lowest daily price was 41,000 . The daily volume was recorded at 200. The volume of trading on 3rd of January 2025 played a part in the next trading day price drop. The trading price change to the next closing price was 2.38% . The trading price change to the closing price today is 3.33% .
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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 Transimex Saigon stock to make a market-neutral strategy. Peer analysis of Transimex Saigon could also be used in its relative valuation, which is a method of valuing Transimex Saigon by comparing valuation metrics with similar companies.
Market strength indicators help investors to evaluate how Transimex Saigon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Transimex Saigon shares will generate the highest return on investment. By undertsting and applying Transimex Saigon stock market strength indicators, traders can identify Transimex Saigon Corp entry and exit signals to maximize returns.
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 Transimex Saigon 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 Transimex Saigon will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Transimex Saigon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transimex Saigon 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 Transimex Saigon - 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 Transimex Saigon Corp to buy it.
The correlation of Transimex Saigon 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 Transimex Saigon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transimex Saigon 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 Transimex Saigon 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.