LumiraDx Stock Forecast - Accumulation Distribution
| LMDXDelisted Stock | USD 0.42 0.02 4.55% |
LumiraDx Stock Forecast is based on your current time horizon.
LumiraDx |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 26135.06 | 30996.25 |
| Check LumiraDx Volatility | Backtest LumiraDx | Trend Details |
LumiraDx Trading Date Momentum
| On June 28 2023 LumiraDx was traded for 0.43 at the closing time. The top price for the day was 0.45 and the lowest listed price was 0.40 . The trading volume for the day was 250.5 K. The trading history from June 28, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 6.52% . The trading delta at closing time against the current closing price is 13.04% . |
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
Compare LumiraDx to competition
LumiraDx 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 LumiraDx stock to make a market-neutral strategy. Peer analysis of LumiraDx could also be used in its relative valuation, which is a method of valuing LumiraDx by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
LumiraDx Market Strength Events
Market strength indicators help investors to evaluate how LumiraDx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading LumiraDx shares will generate the highest return on investment. By undertsting and applying LumiraDx stock market strength indicators, traders can identify LumiraDx entry and exit signals to maximize returns.
LumiraDx Risk Indicators
The analysis of LumiraDx'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 LumiraDx's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lumiradx 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 | 4.74 | |||
| Standard Deviation | 6.57 | |||
| Variance | 43.11 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Correlation Analysis 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 unemployment. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in LumiraDx Stock
If you are still planning to invest in LumiraDx 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 LumiraDx's history and understand the potential risks before investing.
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Global Correlations Find global opportunities by holding instruments from different markets |