Hellenic Petroleum Stock Forecast - Accumulation Distribution
| ELPE Stock | EUR 8.19 0.06 0.74% |
Hellenic Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hellenic Petroleum stock prices and determine the direction of Hellenic Petroleum SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hellenic Petroleum's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Hellenic Petroleum to cross-verify your projections. Hellenic |
Most investors in Hellenic Petroleum 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 Hellenic Petroleum's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hellenic Petroleum's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Hellenic Petroleum is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Hellenic Petroleum SA to determine if accumulation or reduction is taking place in the market. This value is adjusted by Hellenic Petroleum trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2758.1 | 2192.89 |
| Check Hellenic Petroleum Volatility | Backtest Hellenic Petroleum | Information Ratio |
Hellenic Petroleum Trading Date Momentum
| On April 18 2024 Hellenic Petroleum SA was traded for 8.19 at the closing time. The highest price during the trading period was 8.23 and the lowest recorded bid was listed for 8.11 . The volume for the day was 150.4 K. This history from April 18, 2024 did not cause price change. The trading delta at closing time to the current price is 0.98% . |
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 Hellenic Petroleum to competition |
Other Forecasting Options for Hellenic Petroleum
For every potential investor in Hellenic, whether a beginner or expert, Hellenic Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hellenic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hellenic. Basic forecasting techniques help filter out the noise by identifying Hellenic Petroleum's price trends.Hellenic Petroleum 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 Hellenic Petroleum stock to make a market-neutral strategy. Peer analysis of Hellenic Petroleum could also be used in its relative valuation, which is a method of valuing Hellenic Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hellenic Petroleum 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 Hellenic Petroleum'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 Hellenic Petroleum's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hellenic Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Hellenic Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hellenic Petroleum shares will generate the highest return on investment. By undertsting and applying Hellenic Petroleum stock market strength indicators, traders can identify Hellenic Petroleum SA entry and exit signals to maximize returns.
Hellenic Petroleum Risk Indicators
The analysis of Hellenic Petroleum'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 Hellenic Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hellenic 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 | 1.0 | |||
| Semi Deviation | 0.9596 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.73 | |||
| Downside Variance | 1.53 | |||
| Semi Variance | 0.9209 | |||
| Expected Short fall | (1.17) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hellenic Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hellenic Petroleum's short interest history, or implied volatility extrapolated from Hellenic Petroleum options trading.
Pair Trading with Hellenic Petroleum
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 Hellenic Petroleum 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 Hellenic Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Hellenic Stock
| 0.78 | HTO | Hellenic Telecommunicatio | PairCorr |
| 0.71 | EEE | Coca Cola HBC | PairCorr |
Moving against Hellenic Stock
| 0.81 | MYTIL | Mytilineos SA | PairCorr |
| 0.66 | PPC | Public Power | PairCorr |
| 0.64 | VIO | Viohalco SA | PairCorr |
The ability to find closely correlated positions to Hellenic Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hellenic Petroleum 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 Hellenic Petroleum - 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 Hellenic Petroleum SA to buy it.
The correlation of Hellenic Petroleum 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 Hellenic Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hellenic Petroleum 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 Hellenic Petroleum 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 Hellenic Petroleum to cross-verify your projections. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Hellenic Stock analysis
When running Hellenic Petroleum's price analysis, check to measure Hellenic Petroleum'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 Hellenic Petroleum is operating at the current time. Most of Hellenic Petroleum's value examination focuses on studying past and present price action to predict the probability of Hellenic Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hellenic Petroleum's price. Additionally, you may evaluate how the addition of Hellenic Petroleum to your portfolios can decrease your overall portfolio volatility.
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