Steer Technologies Stock Forecast - Day Typical Price
| STERDelisted Stock | USD 16.74 0.04 0.24% |
Steer Stock Forecast is based on your current time horizon.
Steer |
| Previous Day Typical Price | Day Typical Price | Trend |
| 16.82 | 16.78 |
| Check Steer Technologies Volatility | Backtest Steer Technologies | Trend Details |
Steer Technologies Trading Date Momentum
| On October 30 2024 Steer Technologies was traded for 16.74 at the closing time. The top price for the day was 16.85 and the lowest listed price was 16.72 . The trading volume for the day was 865.8 K. The trading history from October 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.24% . The trading price change against the current closing price is 0.00% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
Compare Steer Technologies to competition
Steer Technologies 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 Steer Technologies stock to make a market-neutral strategy. Peer analysis of Steer Technologies could also be used in its relative valuation, which is a method of valuing Steer Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Steer Technologies Market Strength Events
Market strength indicators help investors to evaluate how Steer Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steer Technologies shares will generate the highest return on investment. By undertsting and applying Steer Technologies stock market strength indicators, traders can identify Steer Technologies entry and exit signals to maximize returns.
Steer Technologies Risk Indicators
The analysis of Steer Technologies' 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 Steer Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steer 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 | 0.6646 | |||
| Semi Deviation | 0.9336 | |||
| Standard Deviation | 0.992 | |||
| Variance | 0.9841 | |||
| Downside Variance | 1.2 | |||
| Semi Variance | 0.8717 | |||
| Expected Short fall | (0.71) |
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 Steer Technologies
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 Steer Technologies 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 Steer Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Steer Stock
| 0.85 | DII-B | Dorel Industries | PairCorr |
| 0.84 | TC | Tucows Inc | PairCorr |
| 0.79 | SLF-PH | Sun Lif Non | PairCorr |
| 0.55 | AIM | Aimia Inc | PairCorr |
The ability to find closely correlated positions to Steer Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steer Technologies 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 Steer Technologies - 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 Steer Technologies to buy it.
The correlation of Steer Technologies 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 Steer Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steer Technologies 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 Steer Technologies 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 World Market Map 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 income. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Other Consideration for investing in Steer Stock
If you are still planning to invest in Steer Technologies 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 Steer Technologies' history and understand the potential risks before investing.
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