Coherent Stock Forecast - Treynor Ratio
| COHR Stock | USD 100.16 2.07 2.11% |
Coherent Stock Forecast is based on your current time horizon. Although Coherent's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Coherent's systematic risk associated with finding meaningful patterns of Coherent fundamentals over time.
Coherent |
| Check Coherent Volatility | Backtest Coherent | Information Ratio |
Coherent Trading Date Momentum
| On December 01 2024 Coherent was traded for 100.16 at the closing time. The top price for the day was 101.18 and the lowest listed price was 98.87 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.54% . |
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Other Forecasting Options for Coherent
For every potential investor in Coherent, whether a beginner or expert, Coherent's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Coherent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Coherent. Basic forecasting techniques help filter out the noise by identifying Coherent's price trends.Coherent 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 Coherent stock to make a market-neutral strategy. Peer analysis of Coherent could also be used in its relative valuation, which is a method of valuing Coherent by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Coherent 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 Coherent'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 Coherent's current price.| Cycle Indicators | ||
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| Volume Indicators |
Coherent Market Strength Events
Market strength indicators help investors to evaluate how Coherent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coherent shares will generate the highest return on investment. By undertsting and applying Coherent stock market strength indicators, traders can identify Coherent entry and exit signals to maximize returns.
Coherent Risk Indicators
The analysis of Coherent'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 Coherent's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coherent 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 | 2.43 | |||
| Semi Deviation | 2.95 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.4 | |||
| Downside Variance | 11.21 | |||
| Semi Variance | 8.68 | |||
| Expected Short fall | (2.50) |
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 Coherent
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 Coherent 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 Coherent will appreciate offsetting losses from the drop in the long position's value.Moving together with Coherent Stock
Moving against Coherent Stock
| 0.85 | WATT | Energous | PairCorr |
| 0.7 | KNW | Know Labs Fiscal Year End 17th of December 2024 | PairCorr |
| 0.67 | FCUV | Focus Universal | PairCorr |
| 0.61 | VPG | Vishay Precision | PairCorr |
| 0.5 | ST | Sensata Technologies | PairCorr |
The ability to find closely correlated positions to Coherent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coherent 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 Coherent - 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 Coherent to buy it.
The correlation of Coherent 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 Coherent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent 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 Coherent 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 Coherent Stock Analysis
When running Coherent's price analysis, check to measure Coherent'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 Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.