AmerisourceBergen Stock Forecast - Price Action Indicator
| ABCDelisted Stock | USD 179.98 0.95 0.53% |
AmerisourceBergen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AmerisourceBergen stock prices and determine the direction of AmerisourceBergen's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AmerisourceBergen's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. AmerisourceBergen |
Most investors in AmerisourceBergen 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 AmerisourceBergen's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AmerisourceBergen's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.58) | (0.58) |
| Check AmerisourceBergen Volatility | Backtest AmerisourceBergen | Information Ratio |
AmerisourceBergen Trading Date Momentum
| On April 19 2024 AmerisourceBergen was traded for 179.98 at the closing time. Highest AmerisourceBergen's price during the trading hours was 180.93 and the lowest price during the day was 179.24 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 0.53% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
Compare AmerisourceBergen to competition
AmerisourceBergen 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 AmerisourceBergen stock to make a market-neutral strategy. Peer analysis of AmerisourceBergen could also be used in its relative valuation, which is a method of valuing AmerisourceBergen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AmerisourceBergen Market Strength Events
Market strength indicators help investors to evaluate how AmerisourceBergen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AmerisourceBergen shares will generate the highest return on investment. By undertsting and applying AmerisourceBergen stock market strength indicators, traders can identify AmerisourceBergen entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0093 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 180.09 | |||
| Day Typical Price | 180.05 | |||
| Market Facilitation Index | 1.69 | |||
| Price Action Indicator | (0.58) | |||
| Period Momentum Indicator | (0.95) |
AmerisourceBergen Risk Indicators
The analysis of AmerisourceBergen'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 AmerisourceBergen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amerisourcebergen 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 | 0.6963 | |||
| Semi Deviation | 1.04 | |||
| Standard Deviation | 0.9584 | |||
| Variance | 0.9185 | |||
| Downside Variance | 1.32 | |||
| Semi Variance | 1.07 | |||
| Expected Short fall | (0.67) |
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 AmerisourceBergen
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 AmerisourceBergen 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 AmerisourceBergen will appreciate offsetting losses from the drop in the long position's value.Moving against AmerisourceBergen Stock
| 0.61 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
The ability to find closely correlated positions to AmerisourceBergen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmerisourceBergen 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 AmerisourceBergen - 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 AmerisourceBergen to buy it.
The correlation of AmerisourceBergen 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 AmerisourceBergen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmerisourceBergen 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 AmerisourceBergen 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the AmerisourceBergen information on this page should be used as a complementary analysis to other AmerisourceBergen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Other Consideration for investing in AmerisourceBergen Stock
If you are still planning to invest in AmerisourceBergen 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 AmerisourceBergen's history and understand the potential risks before investing.
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