Acorda Therapeutics Stock Forecast - Daily Balance Of Power
| ACORDelisted Stock | USD 16.20 0.40 2.41% |
Acorda Stock Forecast is based on your current time horizon.
Acorda |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.6869 | (0.47) |
| Check Acorda Therapeutics Volatility | Backtest Acorda Therapeutics | Trend Details |
Acorda Therapeutics Trading Date Momentum
| On July 19 2023 Acorda Therapeutics was traded for 16.35 at the closing time. The top price for the day was 16.55 and the lowest listed price was 16.00 . The trading volume for the day was 7.9 K. The trading history from July 19, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.49% . The overall trading delta against the current closing price is 1.03% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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View Acorda Therapeutics Related Equities
| Risk & Return | Correlation |
Acorda Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Acorda Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Acorda Therapeutics shares will generate the highest return on investment. By undertsting and applying Acorda Therapeutics stock market strength indicators, traders can identify Acorda Therapeutics entry and exit signals to maximize returns.
Acorda Therapeutics Risk Indicators
The analysis of Acorda Therapeutics' 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 Acorda Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acorda 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 | 5.6 | |||
| Semi Deviation | 5.26 | |||
| Standard Deviation | 11.54 | |||
| Variance | 133.16 | |||
| Downside Variance | 35.25 | |||
| Semi Variance | 27.67 | |||
| Expected Short fall | (6.81) |
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 Acorda Therapeutics
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 Acorda Therapeutics 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 Acorda Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving against Acorda Stock
| 0.52 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.51 | BKRKY | Bank Rakyat | PairCorr |
| 0.5 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.44 | SHG | Shinhan Financial | PairCorr |
The ability to find closely correlated positions to Acorda Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acorda Therapeutics 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 Acorda Therapeutics - 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 Acorda Therapeutics to buy it.
The correlation of Acorda Therapeutics 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 Acorda Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acorda Therapeutics 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 Acorda Therapeutics 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 Trending Equities 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 persons. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Acorda Stock
If you are still planning to invest in Acorda Therapeutics 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 Acorda Therapeutics' history and understand the potential risks before investing.
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