Edgio Stock Forecast - Accumulation Distribution
| EGIODelisted Stock | USD 0.02 0.00 0.00% |
Edgio Stock Forecast is based on your current time horizon.
Edgio |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 28744.82 | 3740.95 |
| Check Edgio Volatility | Backtest Edgio | Trend Details |
Edgio Trading Date Momentum
| On September 05 2024 Edgio Inc was traded for 6.45 at the closing time. The top price for the day was 6.72 and the lowest listed price was 6.20 . The trading volume for the day was 32.4 K. The trading history from September 5, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.59% . The overall trading delta against the current closing price is 57.10% . |
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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Edgio 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 Edgio stock to make a market-neutral strategy. Peer analysis of Edgio could also be used in its relative valuation, which is a method of valuing Edgio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Edgio Market Strength Events
Market strength indicators help investors to evaluate how Edgio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edgio shares will generate the highest return on investment. By undertsting and applying Edgio stock market strength indicators, traders can identify Edgio Inc entry and exit signals to maximize returns.
Edgio Risk Indicators
The analysis of Edgio'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 Edgio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting edgio 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 | 4040.78 | |||
| Semi Deviation | 52.53 | |||
| Standard Deviation | 12815.99 | |||
| Variance | 1.6424964401E8 | |||
| Downside Variance | 2667.86 | |||
| Semi Variance | 2759.28 | |||
| Expected Short fall | (7,045) |
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 Edgio
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 Edgio 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 Edgio will appreciate offsetting losses from the drop in the long position's value.Moving against Edgio Stock
| 0.81 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.79 | EHGO | Eshallgo Class A | PairCorr |
| 0.74 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.69 | FNMFO | Federal National Mortgage | PairCorr |
| 0.69 | BKSY | Blacksky Technology | PairCorr |
The ability to find closely correlated positions to Edgio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgio 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 Edgio - 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 Edgio Inc to buy it.
The correlation of Edgio 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 Edgio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgio Inc 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 Edgio 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Edgio Stock
If you are still planning to invest in Edgio Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Edgio's history and understand the potential risks before investing.
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