Olympia Financial Stock Forecast - Accumulation Distribution

OLY Stock  CAD 107.00  0.65  0.61%   
Olympia Stock Forecast is based on your current time horizon. Although Olympia Financial's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Olympia Financial's systematic risk associated with finding meaningful patterns of Olympia Financial fundamentals over time.
  
At this time, Olympia Financial's Inventory Turnover is very stable compared to the past year. As of the 16th of December 2024, Fixed Asset Turnover is likely to grow to 85.54, while Payables Turnover is likely to drop 9.04. . As of the 16th of December 2024, Common Stock Shares Outstanding is likely to grow to about 3.2 M, while Net Income Applicable To Common Shares is likely to drop about 8.3 M.
On November 27, 2024 Olympia Financial Group had Accumulation Distribution of 0.84. The accumulation distribution (A/D) indicator shows the degree to which Olympia Financial is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Olympia Financial Group to determine if accumulation or reduction is taking place in the market. This value is adjusted by Olympia Financial trading volume to give more weight to distributions with higher volume over lower volume.
Check Olympia Financial VolatilityBacktest Olympia FinancialTrend Details  

Olympia Financial Trading Date Momentum

On November 28 2024 Olympia Financial Group was traded for  100.75  at the closing time. The maximum traded price for the trading interval was 100.75  and the lowest daily price was  100.00 . The daily volume was recorded at 1.5 K. The volume of trading on 28th of November 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.65% . The trading delta at closing time to the closing price today is 0.40% .
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 Olympia Financial to competition

Other Forecasting Options for Olympia Financial

For every potential investor in Olympia, whether a beginner or expert, Olympia Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Olympia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Olympia. Basic forecasting techniques help filter out the noise by identifying Olympia Financial's price trends.

Olympia Financial 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 Olympia Financial stock to make a market-neutral strategy. Peer analysis of Olympia Financial could also be used in its relative valuation, which is a method of valuing Olympia Financial by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Olympia Financial Technical and Predictive Analytics

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 Olympia Financial'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 Olympia Financial's current price.

Olympia Financial Market Strength Events

Market strength indicators help investors to evaluate how Olympia Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olympia Financial shares will generate the highest return on investment. By undertsting and applying Olympia Financial stock market strength indicators, traders can identify Olympia Financial Group entry and exit signals to maximize returns.

Olympia Financial Risk Indicators

The analysis of Olympia Financial'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 Olympia Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting olympia 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 Olympia Financial

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 Olympia Financial 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 Olympia Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Olympia Stock

  0.64BIP-PB Brookfield InfrastructurePairCorr

Moving against Olympia Stock

  0.59VCM Vecima NetworksPairCorr
  0.5ASM Avino Silver GoldPairCorr
The ability to find closely correlated positions to Olympia Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympia Financial 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 Olympia Financial - 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 Olympia Financial Group to buy it.
The correlation of Olympia Financial 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 Olympia Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympia Financial 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 Olympia Financial 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Olympia Stock

Olympia Financial financial ratios help investors to determine whether Olympia 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 Olympia with respect to the benefits of owning Olympia Financial security.