Electra Stock Forecast - Accumulation Distribution
ELTR Stock | ILS 142,590 410.00 0.29% |
Electra Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Electra stock prices and determine the direction of Electra's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Electra's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Investing Opportunities 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 board of governors. Electra |
Most investors in Electra 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 Electra's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Electra's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Electra is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Electra to determine if accumulation or reduction is taking place in the market. This value is adjusted by Electra trading volume to give more weight to distributions with higher volume over lower volume.Previous Accumulation Distribution | Accumulation Distribution | Trend |
536.54 | 95.66 |
Check Electra Volatility | Backtest Electra | Trend Details |
Electra Trading Date Momentum
On February 14 2024 Electra was traded for 135,767 at the closing time. The highest price during the trading period was 137,700 and the lowest recorded bid was listed for 134,820 . The volume for the day was 2.3 K. This history from February 14, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.20% . The overall trading delta to the current price is 1.79% . |
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
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Electra 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 Electra stock to make a market-neutral strategy. Peer analysis of Electra could also be used in its relative valuation, which is a method of valuing Electra by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Electra Market Strength Events
Market strength indicators help investors to evaluate how Electra stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electra shares will generate the highest return on investment. By undertsting and applying Electra stock market strength indicators, traders can identify Electra entry and exit signals to maximize returns.
Accumulation Distribution | 18.01 | |||
Daily Balance Of Power | (0.21) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 142010.0 | |||
Day Typical Price | 142203.0 | |||
Market Facilitation Index | 1.52 | |||
Price Action Indicator | 375.0 | |||
Period Momentum Indicator | (410.00) |
Electra Risk Indicators
The analysis of Electra'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 Electra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting electra 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 | 1.9 | |||
Standard Deviation | 2.26 | |||
Variance | 5.09 |
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 Electra 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, Electra's short interest history, or implied volatility extrapolated from Electra options trading.
Pair Trading with Electra
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 Electra 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 Electra will appreciate offsetting losses from the drop in the long position's value.Moving against Electra Stock
0.45 | OVRS | Overseas Commerce | PairCorr |
The ability to find closely correlated positions to Electra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electra 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 Electra - 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 Electra to buy it.
The correlation of Electra 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 Electra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electra 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 Electra 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 Investing Opportunities 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 board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Electra Stock analysis
When running Electra's price analysis, check to measure Electra'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 Electra is operating at the current time. Most of Electra's value examination focuses on studying past and present price action to predict the probability of Electra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra's price. Additionally, you may evaluate how the addition of Electra to your portfolios can decrease your overall portfolio volatility.
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