Investors can use prediction functions to forecast HNX's index prices and determine the direction of HNX's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
HNX has current Accumulation Distribution of 201.05. The accumulation distribution (A/D) indicator shows the degree to which HNX is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of HNX to determine if accumulation or reduction is taking place in the market. This value is adjusted by HNX trading volume to give more weight to distributions with higher volume over lower volume.
On December 27 2024 HNX was traded for 228.89 at the closing time. The highest price during the trading period was 230.50 and the lowest recorded bid was listed for 228.71 . The volume for the day was 25.9 K. This history from December 27, 2024 did not cause price change. The trading delta at closing time to the current price is 0.50% .
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
For every potential investor in HNX, whether a beginner or expert, HNX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. HNX Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in HNX. Basic forecasting techniques help filter out the noise by identifying HNX's price trends.
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 HNX index to make a market-neutral strategy. Peer analysis of HNX could also be used in its relative valuation, which is a method of valuing HNX by comparing valuation metrics with similar companies.
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of HNX'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 HNX's current price.
Market strength indicators help investors to evaluate how HNX index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HNX shares will generate the highest return on investment. By undertsting and applying HNX index market strength indicators, traders can identify HNX entry and exit signals to maximize returns.
The analysis of HNX'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 HNX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hnx index 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.