Cowen Stock Forecast - Relative Strength Index
| COWNDelisted Stock | USD 38.99 0.00 0.00% |
Cowen Stock Forecast is based on your current time horizon.
Cowen |
| Check Cowen Volatility | Backtest Cowen | Trend Details |
Cowen Trading Date Momentum
| On February 22 2023 Cowen Group was traded for 38.86 at the closing time. The top price for the day was 39.01 and the lowest listed price was 38.86 . The trading volume for the day was 761.8 K. The trading history from February 22, 2023 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.05% . The overall trading delta against the current closing price is 0.46% . |
Cowen 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 Cowen stock to make a market-neutral strategy. Peer analysis of Cowen could also be used in its relative valuation, which is a method of valuing Cowen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cowen Market Strength Events
Market strength indicators help investors to evaluate how Cowen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cowen shares will generate the highest return on investment. By undertsting and applying Cowen stock market strength indicators, traders can identify Cowen Group entry and exit signals to maximize returns.
Cowen Risk Indicators
The analysis of Cowen'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 Cowen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cowen 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 | 0.075 | |||
| Standard Deviation | 0.0992 | |||
| Variance | 0.0098 | |||
| Downside Variance | 0.0077 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.1) |
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 Cowen
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 Cowen 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 Cowen will appreciate offsetting losses from the drop in the long position's value.Moving together with Cowen Stock
Moving against Cowen Stock
| 0.71 | DPSTF | Deutsche Post AG | PairCorr |
| 0.66 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.64 | VLKAF | Volkswagen AG | PairCorr |
| 0.62 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.61 | VWAPY | Volkswagen AG Pref | PairCorr |
The ability to find closely correlated positions to Cowen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cowen 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 Cowen - 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 Cowen Group to buy it.
The correlation of Cowen 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 Cowen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cowen Group 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 Cowen 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 housing. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Cowen Stock
If you are still planning to invest in Cowen Group 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 Cowen's history and understand the potential risks before investing.
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