Computer Direct Stock Forecast - Mean Deviation
| CMDR Stock | ILS 26,960 590.00 2.14% |
Computer Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Computer Direct stock prices and determine the direction of Computer Direct's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Computer Direct's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Computer Direct to cross-verify your projections. Computer |
Most investors in Computer Direct 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 Computer Direct's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Computer Direct's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Computer Direct Volatility | Backtest Computer Direct | Information Ratio |
Computer Direct Trading Date Momentum
| On April 19 2024 Computer Direct was traded for 26,960 at the closing time. The highest price during the trading period was 27,820 and the lowest recorded bid was listed for 26,950 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not affect price variability. The overall trading delta to the current price is 3.19% . |
| Compare Computer Direct to competition |
Other Forecasting Options for Computer Direct
For every potential investor in Computer, whether a beginner or expert, Computer Direct's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Computer Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Computer. Basic forecasting techniques help filter out the noise by identifying Computer Direct's price trends.Computer Direct 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 Computer Direct stock to make a market-neutral strategy. Peer analysis of Computer Direct could also be used in its relative valuation, which is a method of valuing Computer Direct by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Computer Direct Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Computer Direct'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 Computer Direct's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Computer Direct Market Strength Events
Market strength indicators help investors to evaluate how Computer Direct stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Computer Direct shares will generate the highest return on investment. By undertsting and applying Computer Direct stock market strength indicators, traders can identify Computer Direct entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0313 | |||
| Daily Balance Of Power | (0.68) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 27385.0 | |||
| Day Typical Price | 27243.33 | |||
| Market Facilitation Index | 870.0 | |||
| Price Action Indicator | (720.00) | |||
| Period Momentum Indicator | (590.00) |
Computer Direct Risk Indicators
The analysis of Computer Direct'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 Computer Direct's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting computer 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 | 1.56 | |||
| Semi Deviation | 1.68 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.71 | |||
| Downside Variance | 3.84 | |||
| Semi Variance | 2.84 | |||
| Expected Short fall | (2.03) |
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 Computer Direct
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 Computer Direct 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 Computer Direct will appreciate offsetting losses from the drop in the long position's value.Moving together with Computer Stock
| 0.72 | LUMI | Bank Leumi Le | PairCorr |
| 0.76 | DSCT | Israel Discount Bank | PairCorr |
| 0.85 | MGDL | Migdal Insurance | PairCorr |
The ability to find closely correlated positions to Computer Direct could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Computer Direct 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 Computer Direct - 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 Computer Direct to buy it.
The correlation of Computer Direct 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 Computer Direct moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Computer Direct 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 Computer Direct 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 Computer Direct to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Computer Stock analysis
When running Computer Direct's price analysis, check to measure Computer Direct'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 Computer Direct is operating at the current time. Most of Computer Direct's value examination focuses on studying past and present price action to predict the probability of Computer Direct's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Computer Direct's price. Additionally, you may evaluate how the addition of Computer Direct to your portfolios can decrease your overall portfolio volatility.
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