Xenonics Holdings Pink Sheet Forecast - Accumulation Distribution
| XNNHQDelisted Stock | USD 0 0.00 0.00% |
Xenonics Pink Sheet Forecast is based on your current time horizon.
Xenonics |
| Check Xenonics Holdings Volatility | Backtest Xenonics Holdings | Trend Details |
Xenonics Holdings Trading Date Momentum
| On December 27 2022 Xenonics Holdings was traded for 0.0005 at the closing time. The highest daily price throughout the period was 0.0007 and the lowest price was 0.0005 . The daily volume was 102 K. The net trading volume on 12/27/2022 added to the next day price reduction. The trading price change to closing price of the next trading day was 28.57% . The trading price change to current closing price is 28.57% . |
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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Xenonics Holdings 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 Xenonics Holdings pink sheet to make a market-neutral strategy. Peer analysis of Xenonics Holdings could also be used in its relative valuation, which is a method of valuing Xenonics Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Xenonics Holdings Market Strength Events
Market strength indicators help investors to evaluate how Xenonics Holdings pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Xenonics Holdings shares will generate the highest return on investment. By undertsting and applying Xenonics Holdings pink sheet market strength indicators, traders can identify Xenonics Holdings entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.0017 | |||
| Day Typical Price | 0.0017 | |||
| Relative Strength Index | 25.87 |
Xenonics Holdings Risk Indicators
The analysis of Xenonics Holdings' 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 Xenonics Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xenonics pink sheet 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 | 8.33 | |||
| Standard Deviation | 30.06 | |||
| Variance | 903.63 |
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 Xenonics Holdings
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 Xenonics Holdings 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 Xenonics Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Xenonics Pink Sheet
| 0.81 | EOSE | Eos Energy Enterprises | PairCorr |
| 0.59 | ESP | Espey Mfg Electronics | PairCorr |
| 0.54 | ENVX | Enovix Corp | PairCorr |
| 0.49 | NVX | Novonix Ltd ADR | PairCorr |
| 0.46 | ENS | Enersys | PairCorr |
The ability to find closely correlated positions to Xenonics Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xenonics Holdings 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 Xenonics Holdings - 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 Xenonics Holdings to buy it.
The correlation of Xenonics Holdings 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 Xenonics Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xenonics Holdings 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 Xenonics Holdings 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 Current Watchlist 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 rate. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Consideration for investing in Xenonics Pink Sheet
If you are still planning to invest in Xenonics Holdings 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 Xenonics Holdings' history and understand the potential risks before investing.
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