ABB Stock Forecast - Rate Of Daily Change
| ABBDelisted Stock | USD 39.00 0.02 0.05% |
ABB Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ABB stock prices and determine the direction of ABB Ltd ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ABB'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. ABB |
Most investors in ABB 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 ABB's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ABB's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of ABB.| Check ABB Volatility | Backtest ABB | Information Ratio |
ABB Trading Date Momentum
| On April 19 2024 ABB Ltd ADR was traded for 39.00 at the closing time. Highest ABB's price during the trading hours was 39.05 and the lowest price during the day was 38.77 . 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 0.05% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
Compare ABB to competition
ABB 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 ABB stock to make a market-neutral strategy. Peer analysis of ABB could also be used in its relative valuation, which is a method of valuing ABB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ABB Market Strength Events
Market strength indicators help investors to evaluate how ABB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABB shares will generate the highest return on investment. By undertsting and applying ABB stock market strength indicators, traders can identify ABB Ltd ADR entry and exit signals to maximize returns.
ABB Risk Indicators
The analysis of ABB'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 ABB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abb 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 | 0.9205 | |||
| Semi Deviation | 1.02 | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.4 | |||
| Downside Variance | 1.43 | |||
| Semi Variance | 1.03 | |||
| Expected Short fall | (0.96) |
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 ABB 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, ABB's short interest history, or implied volatility extrapolated from ABB options trading.
Pair Trading with ABB
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 ABB 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 ABB will appreciate offsetting losses from the drop in the long position's value.Moving against ABB Stock
| 0.88 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.82 | ELGL | Element Global | PairCorr |
| 0.71 | MCD | McDonalds Report 23rd of April 2024 | PairCorr |
| 0.62 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.48 | VNTN | VentureNet Capital | PairCorr |
The ability to find closely correlated positions to ABB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABB 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 ABB - 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 ABB Ltd ADR to buy it.
The correlation of ABB 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 ABB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABB Ltd ADR 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 ABB 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 ABB Ltd ADR information on this page should be used as a complementary analysis to other ABB'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Other Consideration for investing in ABB Stock
If you are still planning to invest in ABB Ltd ADR 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 ABB's history and understand the potential risks before investing.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |