BaoMinh Insurance Stock Forecast - Accumulation Distribution
| BMI Stock | 21,000 150.00 0.72% |
BaoMinh Stock Forecast is based on your current time horizon.
BaoMinh |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 3206.25 | 4516.06 |
| Check BaoMinh Insurance Volatility | Backtest BaoMinh Insurance | Trend Details |
BaoMinh Insurance Trading Date Momentum
| On October 01 2024 BaoMinh Insurance Corp was traded for 21,773 at the closing time. The maximum traded price for the trading interval was 22,091 and the lowest daily price was 20,682 . The daily volume was recorded at 344.6 K. The volume of trading on 1st of October 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 5.27% . The overall trading delta to the closing price today is 4.20% . |
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 BaoMinh Insurance
For every potential investor in BaoMinh, whether a beginner or expert, BaoMinh Insurance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BaoMinh Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BaoMinh. Basic forecasting techniques help filter out the noise by identifying BaoMinh Insurance's price trends.BaoMinh Insurance 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 BaoMinh Insurance stock to make a market-neutral strategy. Peer analysis of BaoMinh Insurance could also be used in its relative valuation, which is a method of valuing BaoMinh Insurance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BaoMinh Insurance Corp 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 BaoMinh Insurance'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 BaoMinh Insurance's current price.| Cycle Indicators | ||
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BaoMinh Insurance Market Strength Events
Market strength indicators help investors to evaluate how BaoMinh Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BaoMinh Insurance shares will generate the highest return on investment. By undertsting and applying BaoMinh Insurance stock market strength indicators, traders can identify BaoMinh Insurance Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 7150.82 | |||
| Daily Balance Of Power | 0.2143 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21000.0 | |||
| Day Typical Price | 21000.0 | |||
| Market Facilitation Index | 0.0032 | |||
| Price Action Indicator | 75.0 | |||
| Period Momentum Indicator | 150.0 | |||
| Relative Strength Index | 59.79 |
BaoMinh Insurance Risk Indicators
The analysis of BaoMinh Insurance'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 BaoMinh Insurance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting baominh 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 | 1.02 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.35 |
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 BaoMinh Insurance
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 BaoMinh Insurance 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 BaoMinh Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with BaoMinh Stock
The ability to find closely correlated positions to BaoMinh Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BaoMinh Insurance 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 BaoMinh Insurance - 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 BaoMinh Insurance Corp to buy it.
The correlation of BaoMinh Insurance 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 BaoMinh Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BaoMinh Insurance Corp 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 BaoMinh Insurance 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.Other Information on Investing in BaoMinh Stock
BaoMinh Insurance financial ratios help investors to determine whether BaoMinh Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BaoMinh with respect to the benefits of owning BaoMinh Insurance security.