OCN Old Stock Forecast - Accumulation Distribution
| OCNDelisted Stock | USD 34.94 0.82 2.40% |
OCN Stock Forecast is based on your current time horizon.
OCN |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 3067.0 | 707.17 |
| Check OCN Old Volatility | Backtest OCN Old | Trend Details |
OCN Old Trading Date Momentum
| On June 08 2023 OCN Old was traded for 30.30 at the closing time. Highest OCN Old's price during the trading hours was 30.46 and the lowest price during the day was 29.68 . The net volume was 11.6 K. The overall trading history on the 8th of June contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 1.51% . The trading delta at closing time to current price is 2.14% . |
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 OCN Old to competition
OCN Old 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 OCN Old stock to make a market-neutral strategy. Peer analysis of OCN Old could also be used in its relative valuation, which is a method of valuing OCN Old by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OCN Old Market Strength Events
Market strength indicators help investors to evaluate how OCN Old stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OCN Old shares will generate the highest return on investment. By undertsting and applying OCN Old stock market strength indicators, traders can identify OCN Old entry and exit signals to maximize returns.
OCN Old Risk Indicators
The analysis of OCN Old'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 OCN Old's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ocn 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 | 1.9 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.21 | |||
| Downside Variance | 6.86 | |||
| Semi Variance | 5.74 | |||
| Expected Short fall | (2.05) |
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 OCN Old
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 OCN Old 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 OCN Old will appreciate offsetting losses from the drop in the long position's value.Moving against OCN Stock
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.61 | PBCRY | Bank Central Asia | PairCorr |
| 0.6 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.59 | BKRKY | Bank Rakyat | PairCorr |
| 0.59 | PPERY | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to OCN Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OCN Old 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 OCN Old - 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 OCN Old to buy it.
The correlation of OCN Old 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 OCN Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OCN Old 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 OCN Old 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 Your Equity Center 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 main economic indicators. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in OCN Stock
If you are still planning to invest in OCN Old 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 OCN Old's history and understand the potential risks before investing.
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