Novina SA Stock Forecast - Accumulation Distribution
| NOV Stock | 1.08 0.01 0.93% |
Novina Stock Forecast is based on your current time horizon.
Novina |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 937.17 | 4065.1 |
| Check Novina SA Volatility | Backtest Novina SA | Trend Details |
Novina SA Trading Date Momentum
| On October 18 2024 Novina SA was traded for 1.17 at the closing time. The highest price during the trading period was 1.19 and the lowest recorded bid was listed for 1.12 . The volume for the day was 50.2 K. This history from October 18, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 2.63% . The trading delta at closing time to the current price is 10.53% . |
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
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Other Forecasting Options for Novina SA
For every potential investor in Novina, whether a beginner or expert, Novina SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Novina Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Novina. Basic forecasting techniques help filter out the noise by identifying Novina SA's price trends.Novina SA 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 Novina SA stock to make a market-neutral strategy. Peer analysis of Novina SA could also be used in its relative valuation, which is a method of valuing Novina SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Novina SA 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 Novina SA'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 Novina SA's current price.| Cycle Indicators | ||
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Novina SA Market Strength Events
Market strength indicators help investors to evaluate how Novina SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novina SA shares will generate the highest return on investment. By undertsting and applying Novina SA stock market strength indicators, traders can identify Novina SA entry and exit signals to maximize returns.
Novina SA Risk Indicators
The analysis of Novina SA'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 Novina SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novina 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 | 1.9 | |||
| Standard Deviation | 2.69 | |||
| Variance | 7.26 |
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 Novina SA
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 Novina SA 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 Novina SA will appreciate offsetting losses from the drop in the long position's value.Moving against Novina Stock
| 0.66 | BTK | Biztech Konsulting | PairCorr |
| 0.66 | PZU | Powszechny Zaklad | PairCorr |
| 0.45 | DNP | Dino Polska SA | PairCorr |
| 0.32 | XTB | X Trade Brokers | PairCorr |
The ability to find closely correlated positions to Novina SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novina SA 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 Novina SA - 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 Novina SA to buy it.
The correlation of Novina SA 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 Novina SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novina SA 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 Novina SA 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 Novina Stock Analysis
When running Novina SA's price analysis, check to measure Novina SA'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 Novina SA is operating at the current time. Most of Novina SA's value examination focuses on studying past and present price action to predict the probability of Novina SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novina SA's price. Additionally, you may evaluate how the addition of Novina SA to your portfolios can decrease your overall portfolio volatility.