Coronation Top Fund Forecast - Accumulation Distribution
Investors can use prediction functions to forecast Coronation Top's fund prices and determine the direction of Coronation Top 20's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
On December 10, 2024 Coronation Top 20 had Accumulation Distribution of 0. The accumulation distribution (A/D) indicator shows the degree to which Coronation Top is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Coronation Top 20 to determine if accumulation or reduction is taking place in the market. This value is adjusted by Coronation Top trading volume to give more weight to distributions with higher volume over lower volume.Coronation |
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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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Coronation Top 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 Coronation Top fund to make a market-neutral strategy. Peer analysis of Coronation Top could also be used in its relative valuation, which is a method of valuing Coronation Top by comparing valuation metrics with similar companies.
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