Enjoy SA Stock Forecast - Accumulation Distribution
Enjoy Stock Forecast is based on your current time horizon.
Enjoy |
| Check Enjoy SA Volatility | Backtest Enjoy SA | 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
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Other Forecasting Options for Enjoy SA
For every potential investor in Enjoy, whether a beginner or expert, Enjoy SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enjoy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enjoy. Basic forecasting techniques help filter out the noise by identifying Enjoy SA's price trends.Enjoy SA 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 Enjoy SA stock to make a market-neutral strategy. Peer analysis of Enjoy SA could also be used in its relative valuation, which is a method of valuing Enjoy SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enjoy SA 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 Enjoy SA'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 Enjoy SA's current price.| Cycle Indicators | ||
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Pair Trading with Enjoy SA
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 Enjoy SA 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 Enjoy SA will appreciate offsetting losses from the drop in the long position's value.Moving against Enjoy Stock
| 0.84 | ENLASA | Energia Latina SA | PairCorr |
| 0.79 | AAISA | Administradora Americana | PairCorr |
| 0.58 | ANDINAA | Embotelladora Andina | PairCorr |
| 0.31 | MULTIX | Multiexport Foods | PairCorr |
The ability to find closely correlated positions to Enjoy SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enjoy SA 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 Enjoy SA - 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 Enjoy SA to buy it.
The correlation of Enjoy SA 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 Enjoy SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enjoy SA 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 Enjoy SA 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 Enjoy Stock Analysis
When running Enjoy SA's price analysis, check to measure Enjoy SA'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 Enjoy SA is operating at the current time. Most of Enjoy SA's value examination focuses on studying past and present price action to predict the probability of Enjoy SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enjoy SA's price. Additionally, you may evaluate how the addition of Enjoy SA to your portfolios can decrease your overall portfolio volatility.