BELLUS Health Stock Forecast - Accumulation Distribution
| BLUDelisted Stock | USD 14.74 0.00 0.00% |
BELLUS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BELLUS Health stock prices and determine the direction of BELLUS Health's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BELLUS Health'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 economic analysis. BELLUS |
Most investors in BELLUS Health 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 BELLUS Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BELLUS Health's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which BELLUS Health is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of BELLUS Health to determine if accumulation or reduction is taking place in the market. This value is adjusted by BELLUS Health trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 195779.0 | 153992.0 |
| Check BELLUS Health Volatility | Backtest BELLUS Health | Trend Details |
BELLUS Health Trading Date Momentum
| On July 07 2022 BELLUS Health was traded for 10.30 at the closing time. Highest BELLUS Health's price during the trading hours was 11.07 and the lowest price during the day was 10.28 . The net volume was 1.4 M. The overall trading history on the 7th of July contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 5.24% . The overall trading delta to current price is 1.56% . |
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 BELLUS Health to competition
View BELLUS Health Related Equities
| Risk & Return | Correlation |
BELLUS Health Market Strength Events
Market strength indicators help investors to evaluate how BELLUS Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BELLUS Health shares will generate the highest return on investment. By undertsting and applying BELLUS Health stock market strength indicators, traders can identify BELLUS Health entry and exit signals to maximize returns.
BELLUS Health Risk Indicators
The analysis of BELLUS Health'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 BELLUS Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bellus 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 | 3.16 | |||
| Standard Deviation | 12.24 | |||
| Variance | 149.74 | |||
| Downside Variance | 2.37 | |||
| Semi Variance | (0.52) | |||
| Expected Short fall | (4.27) |
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 BELLUS Health 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, BELLUS Health's short interest history, or implied volatility extrapolated from BELLUS Health options trading.
Pair Trading with BELLUS Health
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 BELLUS Health 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 BELLUS Health will appreciate offsetting losses from the drop in the long position's value.Moving together with BELLUS Stock
| 0.69 | NTNX | Nutanix Report 22nd of May 2024 | PairCorr |
| 0.76 | CAT | Caterpillar Earnings Call Next Week | PairCorr |
Moving against BELLUS Stock
| 0.83 | MSB | Mesabi Trust Earnings Call This Week | PairCorr |
| 0.54 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.54 | INTC | Intel Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to BELLUS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BELLUS Health 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 BELLUS Health - 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 BELLUS Health to buy it.
The correlation of BELLUS Health 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 BELLUS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BELLUS Health 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 BELLUS Health 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 economic analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in BELLUS Stock
If you are still planning to invest in BELLUS Health 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 BELLUS Health's history and understand the potential risks before investing.
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