TOP Ships Stock Forecast - Accumulation Distribution
| TOPS Stock | USD 0.70 0.01 1.41% |
TOP Stock Forecast is based on your current time horizon.
TOP |
Most investors in TOP Ships 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 TOP Ships' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TOP Ships' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which TOP Ships is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of TOP Ships to determine if accumulation or reduction is taking place in the market. This value is adjusted by TOP Ships trading volume to give more weight to distributions with higher volume over lower volume.| Check TOP Ships Volatility | Backtest TOP Ships | Information Ratio |
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 TOP Ships to competition
TOP Ships 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 TOP Ships stock to make a market-neutral strategy. Peer analysis of TOP Ships could also be used in its relative valuation, which is a method of valuing TOP Ships by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TOP Ships Market Strength Events
Market strength indicators help investors to evaluate how TOP Ships stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TOP Ships shares will generate the highest return on investment. By undertsting and applying TOP Ships stock market strength indicators, traders can identify TOP Ships entry and exit signals to maximize returns.
TOP Ships Risk Indicators
The analysis of TOP Ships' 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 TOP Ships' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting top 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 | 2.16 | |||
| Standard Deviation | 2.95 | |||
| Variance | 8.72 |
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 TOP Ships
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 TOP Ships 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 TOP Ships will appreciate offsetting losses from the drop in the long position's value.Moving against TOP Stock
| 0.74 | ET | Energy Transfer LP | PairCorr |
| 0.7 | ETRN | Equitrans Midstream Corp | PairCorr |
| 0.57 | AM | Antero Midstream Partners | PairCorr |
| 0.52 | ENLC | EnLink Midstream LLC | PairCorr |
| 0.42 | IMPPP | Imperial Petroleum | PairCorr |
The ability to find closely correlated positions to TOP Ships could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOP Ships 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 TOP Ships - 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 TOP Ships to buy it.
The correlation of TOP Ships 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 TOP Ships moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOP Ships 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 TOP Ships 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.Additional Tools for TOP Stock Analysis
When running TOP Ships' price analysis, check to measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.