METAL SKY Stock Forecast - Accumulation Distribution
| MSSAR Stock | USD 0.05 0 4.93% |
METAL Stock Forecast is based on your current time horizon.
METAL |
| Check METAL SKY Volatility | Backtest METAL SKY | Trend Details |
METAL SKY Trading Date Momentum
| On March 19 2024 METAL SKY STAR was traded for 0.15 at the closing time. The highest daily price throughout the period was 0.15 and the lowest price was 0.15 . The daily volume was 1.6 K. The net trading volume on 03/19/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 6.25% . The trading delta at closing time to current closing price is 6.25% . |
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 METAL SKY to competition
METAL SKY 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 METAL SKY stock to make a market-neutral strategy. Peer analysis of METAL SKY could also be used in its relative valuation, which is a method of valuing METAL SKY by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
METAL SKY Market Strength Events
Market strength indicators help investors to evaluate how METAL SKY stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading METAL SKY shares will generate the highest return on investment. By undertsting and applying METAL SKY stock market strength indicators, traders can identify METAL SKY STAR entry and exit signals to maximize returns.
METAL SKY Risk Indicators
The analysis of METAL SKY'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 METAL SKY's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting metal 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 | 9.25 | |||
| Semi Deviation | 12.36 | |||
| Standard Deviation | 15.83 | |||
| Variance | 250.69 | |||
| Downside Variance | 362.42 | |||
| Semi Variance | 152.72 | |||
| Expected Short fall | (14.16) |
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 METAL SKY
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 METAL SKY 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 METAL SKY will appreciate offsetting losses from the drop in the long position's value.Moving against METAL Stock
| 0.68 | NOVVU | Nova Vision Acquisition | PairCorr |
| 0.64 | DSAQ | Direct Selling Acqui | PairCorr |
| 0.58 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.5 | DIST | Distoken Acquisition | PairCorr |
| 0.38 | DUET | DUET Acquisition Corp | PairCorr |
The ability to find closely correlated positions to METAL SKY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace METAL SKY 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 METAL SKY - 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 METAL SKY STAR to buy it.
The correlation of METAL SKY 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 METAL SKY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if METAL SKY STAR 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 METAL SKY 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.Additional Tools for METAL Stock Analysis
When running METAL SKY's price analysis, check to measure METAL SKY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy METAL SKY is operating at the current time. Most of METAL SKY's value examination focuses on studying past and present price action to predict the probability of METAL SKY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METAL SKY's price. Additionally, you may evaluate how the addition of METAL SKY to your portfolios can decrease your overall portfolio volatility.