Covalon Technologies Stock Forecast - Accumulation Distribution
| COV Stock | CAD 1.23 0.05 4.24% |
Covalon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Covalon Technologies stock prices and determine the direction of Covalon Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Covalon Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Covalon Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Covalon Technologies' systematic risk associated with finding meaningful patterns of Covalon Technologies fundamentals over time.
Check out Historical Fundamental Analysis of Covalon Technologies to cross-verify your projections. Covalon |
Most investors in Covalon Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Covalon Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Covalon Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Covalon Technologies is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Covalon Technologies to determine if accumulation or reduction is taking place in the market. This value is adjusted by Covalon Technologies trading volume to give more weight to distributions with higher volume over lower volume.| Check Covalon Technologies Volatility | Backtest Covalon Technologies | Trend Details |
Covalon Technologies Trading Date Momentum
| On February 27 2024 Covalon Technologies was traded for 1.37 at the closing time. The highest daily price throughout the period was 1.37 and the lowest price was 1.37 . There was no trading activity during the period 1.0. Lack of trading volume on 02/27/2024 did not affect price variability. The overall trading delta to current closing price is 23.36% . |
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 Covalon Technologies to competition |
Other Forecasting Options for Covalon Technologies
For every potential investor in Covalon, whether a beginner or expert, Covalon Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Covalon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Covalon. Basic forecasting techniques help filter out the noise by identifying Covalon Technologies' price trends.Covalon Technologies 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 Covalon Technologies stock to make a market-neutral strategy. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Covalon Technologies 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 Covalon Technologies' 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 Covalon Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Covalon Technologies Market Strength Events
Market strength indicators help investors to evaluate how Covalon Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covalon Technologies shares will generate the highest return on investment. By undertsting and applying Covalon Technologies stock market strength indicators, traders can identify Covalon Technologies entry and exit signals to maximize returns.
Covalon Technologies Risk Indicators
The analysis of Covalon Technologies' 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 Covalon Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting covalon 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 | 3.48 | |||
| Semi Deviation | 4.37 | |||
| Standard Deviation | 5.61 | |||
| Variance | 31.49 | |||
| Downside Variance | 44.47 | |||
| Semi Variance | 19.08 | |||
| Expected Short fall | (5.58) |
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 Covalon Technologies
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 Covalon Technologies 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 Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Covalon Stock
| 0.46 | EBM | Eastwood Bio Medical | PairCorr |
| 0.45 | WEED | Canopy Growth Corp | PairCorr |
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies 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 Covalon Technologies - 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 Covalon Technologies to buy it.
The correlation of Covalon Technologies 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 Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies 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 Covalon Technologies 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 Historical Fundamental Analysis of Covalon Technologies to cross-verify your projections. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Covalon Stock analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.
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