Thong Nhat Stock Forecast - Relative Strength Index
| TNC Stock | 35,750 0.00 0.00% |
Thong Stock Forecast is based on your current time horizon.
Thong |
| Check Thong Nhat Volatility | Backtest Thong Nhat | Trend Details |
Thong Nhat Trading Date Momentum
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Thong Nhat 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 Thong Nhat stock to make a market-neutral strategy. Peer analysis of Thong Nhat could also be used in its relative valuation, which is a method of valuing Thong Nhat by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Thong Nhat Market Strength Events
Market strength indicators help investors to evaluate how Thong Nhat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thong Nhat shares will generate the highest return on investment. By undertsting and applying Thong Nhat stock market strength indicators, traders can identify Thong Nhat Rubber entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 35750.0 | |||
| Day Typical Price | 35750.0 |
Thong Nhat Risk Indicators
The analysis of Thong Nhat'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 Thong Nhat's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thong 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 | 2.96 | |||
| Standard Deviation | 3.86 | |||
| Variance | 14.9 |
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 Thong Nhat
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 Thong Nhat 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 Thong Nhat will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Thong Nhat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thong Nhat 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 Thong Nhat - 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 Thong Nhat Rubber to buy it.
The correlation of Thong Nhat 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 Thong Nhat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thong Nhat Rubber 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 Thong Nhat 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 Thong Stock
Thong Nhat financial ratios help investors to determine whether Thong 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 Thong with respect to the benefits of owning Thong Nhat security.