Hydro Stock Forecast is based on your current time horizon. Although Hydro One's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Hydro One's systematic risk associated with finding meaningful patterns of Hydro One fundamentals over time.
On November 25, 2024 Hydro One had Accumulation Distribution of 29379.5. The accumulation distribution (A/D) indicator shows the degree to which Hydro One is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Hydro One to determine if accumulation or reduction is taking place in the market. This value is adjusted by Hydro One trading volume to give more weight to distributions with higher volume over lower volume.
On November 26 2024 Hydro One was traded for 45.42 at the closing time. The top price for the day was 45.76 and the lowest listed price was 44.92 . The trading volume for the day was 825.1 K. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.11% . The trading delta at closing time against the current closing price is 0.86% .
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
For every potential investor in Hydro, whether a beginner or expert, Hydro One's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hydro Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hydro. Basic forecasting techniques help filter out the noise by identifying Hydro One's price trends.
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 Hydro One stock to make a market-neutral strategy. Peer analysis of Hydro One could also be used in its relative valuation, which is a method of valuing Hydro One by comparing valuation metrics with similar companies.
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 Hydro One'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 Hydro One's current price.
Market strength indicators help investors to evaluate how Hydro One stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hydro One shares will generate the highest return on investment. By undertsting and applying Hydro One stock market strength indicators, traders can identify Hydro One entry and exit signals to maximize returns.
The analysis of Hydro One'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 Hydro One's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hydro 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.
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 Hydro One
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 Hydro One 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 Hydro One will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Hydro One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydro One 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 Hydro One - 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 Hydro One to buy it.
The correlation of Hydro One 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 Hydro One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydro One 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 Hydro One 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.
Hydro One financial ratios help investors to determine whether Hydro 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 Hydro with respect to the benefits of owning Hydro One security.