Wikana SA Stock Forecast - Accumulation Distribution
| WIK Stock | 6.80 0.20 2.86% |
Wikana |
| Check Wikana SA Volatility | Backtest Wikana SA | Trend Details |
Wikana SA Trading Date Momentum
| On October 18 2024 Wikana SA was traded for 8.25 at the closing time. The highest price during the trading period was 8.25 and the lowest recorded bid was listed for 8.00 . The volume for the day was 1.9 K. This history from October 18, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.20% . The trading price change to the current price is 1.80% . |
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
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Other Forecasting Options for Wikana SA
For every potential investor in Wikana, whether a beginner or expert, Wikana SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wikana Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wikana. Basic forecasting techniques help filter out the noise by identifying Wikana SA's price trends.Wikana SA 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 Wikana SA stock to make a market-neutral strategy. Peer analysis of Wikana SA could also be used in its relative valuation, which is a method of valuing Wikana SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wikana SA 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 Wikana SA'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 Wikana SA's current price.| Cycle Indicators | ||
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Wikana SA Market Strength Events
Market strength indicators help investors to evaluate how Wikana SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wikana SA shares will generate the highest return on investment. By undertsting and applying Wikana SA stock market strength indicators, traders can identify Wikana SA entry and exit signals to maximize returns.
Wikana SA Risk Indicators
The analysis of Wikana SA'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 Wikana SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wikana 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 | 1.63 | |||
| Standard Deviation | 2.53 | |||
| Variance | 6.38 |
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 Wikana SA
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 Wikana SA 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 Wikana SA will appreciate offsetting losses from the drop in the long position's value.Moving against Wikana Stock
The ability to find closely correlated positions to Wikana SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wikana SA 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 Wikana SA - 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 Wikana SA to buy it.
The correlation of Wikana SA 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 Wikana SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wikana SA 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 Wikana SA 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.Additional Tools for Wikana Stock Analysis
When running Wikana SA's price analysis, check to measure Wikana SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wikana SA is operating at the current time. Most of Wikana SA's value examination focuses on studying past and present price action to predict the probability of Wikana SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wikana SA's price. Additionally, you may evaluate how the addition of Wikana SA to your portfolios can decrease your overall portfolio volatility.