Automatic Data Stock Forecast - Relative Strength Index
| ADP Stock | USD 307.97 3.30 1.08% |
Automatic Stock Forecast is based on your current time horizon.
Automatic |
| Check Automatic Data Volatility | Backtest Automatic Data | Information Ratio |
Automatic Data Trading Date Momentum
| On November 28 2024 Automatic Data Processing was traded for 307.97 at the closing time. Highest Automatic Data's price during the trading hours was 308.31 and the lowest price during the day was 304.76 . There was no trading activity during the period 0.0. Lack of trading volume on the 28th of November did not affect price variability. The overall trading delta to current price is 0.77% . |
| Compare Automatic Data to competition |
Other Forecasting Options for Automatic Data
For every potential investor in Automatic, whether a beginner or expert, Automatic Data's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Automatic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Automatic. Basic forecasting techniques help filter out the noise by identifying Automatic Data's price trends.Automatic Data 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 Automatic Data stock to make a market-neutral strategy. Peer analysis of Automatic Data could also be used in its relative valuation, which is a method of valuing Automatic Data by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Automatic Data Processing 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 Automatic Data'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 Automatic Data's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
Automatic Data Market Strength Events
Market strength indicators help investors to evaluate how Automatic Data stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Automatic Data shares will generate the highest return on investment. By undertsting and applying Automatic Data stock market strength indicators, traders can identify Automatic Data Processing entry and exit signals to maximize returns.
Automatic Data Risk Indicators
The analysis of Automatic Data'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 Automatic Data's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting automatic 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 | 0.6857 | |||
| Semi Deviation | 0.555 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.01 | |||
| Downside Variance | 0.5653 | |||
| Semi Variance | 0.3081 | |||
| Expected Short fall | (0.83) |
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 Automatic Data
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 Automatic Data 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 Automatic Data will appreciate offsetting losses from the drop in the long position's value.Moving together with Automatic Stock
Moving against Automatic Stock
| 0.71 | HDSN | Hudson Technologies | PairCorr |
| 0.65 | CDTG | CDT Environmental | PairCorr |
| 0.63 | BCO | Brinks Company | PairCorr |
| 0.5 | BLMZ | BloomZ Ordinary Shares | PairCorr |
| 0.48 | MG | Mistras Group | PairCorr |
The ability to find closely correlated positions to Automatic Data could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Automatic Data 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 Automatic Data - 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 Automatic Data Processing to buy it.
The correlation of Automatic Data 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 Automatic Data moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Automatic Data Processing 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 Automatic Data 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 Automatic Stock Analysis
When running Automatic Data's price analysis, check to measure Automatic Data'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 Automatic Data is operating at the current time. Most of Automatic Data's value examination focuses on studying past and present price action to predict the probability of Automatic Data's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Automatic Data's price. Additionally, you may evaluate how the addition of Automatic Data to your portfolios can decrease your overall portfolio volatility.