ANZ Group OTC Stock Forecast - Accumulation Distribution
| ANZGY Stock | 18.40 0.01 0.05% |
ANZ OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ANZ Group stock prices and determine the direction of ANZ Group Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ANZ Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ANZ Group to cross-verify your projections. ANZ |
Most investors in ANZ Group 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 ANZ Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ANZ Group's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which ANZ Group is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of ANZ Group Holdings to determine if accumulation or reduction is taking place in the market. This value is adjusted by ANZ Group trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2378.42 | 0.0631 |
| Check ANZ Group Volatility | Backtest ANZ Group | Information Ratio |
ANZ Group Trading Date Momentum
| On April 30 2024 ANZ Group Holdings was traded for 18.40 at the closing time. The highest daily price throughout the period was 19.02 and the lowest price was 17.82 . There was no trading activity during the period 0.0. Lack of trading volume on 04/30/2024 did not affect price variability. The overall trading delta to current closing price is 3.15% . |
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 ANZ Group to competition |
Other Forecasting Options for ANZ Group
For every potential investor in ANZ, whether a beginner or expert, ANZ Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ANZ OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ANZ. Basic forecasting techniques help filter out the noise by identifying ANZ Group's price trends.ANZ Group 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 ANZ Group otc stock to make a market-neutral strategy. Peer analysis of ANZ Group could also be used in its relative valuation, which is a method of valuing ANZ Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ANZ Group Holdings Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ANZ Group'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 ANZ Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ANZ Group Market Strength Events
Market strength indicators help investors to evaluate how ANZ Group otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ANZ Group shares will generate the highest return on investment. By undertsting and applying ANZ Group otc stock market strength indicators, traders can identify ANZ Group Holdings entry and exit signals to maximize returns.
ANZ Group Risk Indicators
The analysis of ANZ Group'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 ANZ Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting anz otc 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 | 0.8278 | |||
| Semi Deviation | 1.19 | |||
| Standard Deviation | 1.14 | |||
| Variance | 1.3 | |||
| Downside Variance | 1.65 | |||
| Semi Variance | 1.41 | |||
| Expected Short fall | (0.89) |
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 ANZ Group
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 ANZ Group 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 ANZ Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ANZ Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANZ Group 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 ANZ Group - 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 ANZ Group Holdings to buy it.
The correlation of ANZ Group 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 ANZ Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANZ Group 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 ANZ Group 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 ANZ Group to cross-verify your projections. Note that the ANZ Group Holdings information on this page should be used as a complementary analysis to other ANZ Group'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for ANZ OTC Stock analysis
When running ANZ Group's price analysis, check to measure ANZ Group'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 ANZ Group is operating at the current time. Most of ANZ Group's value examination focuses on studying past and present price action to predict the probability of ANZ Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANZ Group's price. Additionally, you may evaluate how the addition of ANZ Group to your portfolios can decrease your overall portfolio volatility.
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