Nextplay Technologies OTC Stock Forecast - Accumulation Distribution
| NXTPDelisted Stock | USD 1.10 0.09 7.56% |
Nextplay OTC Stock Forecast is based on your current time horizon.
Nextplay |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 8591.62 | 4580.18 |
| Check Nextplay Technologies Volatility | Backtest Nextplay Technologies | Trend Details |
Nextplay Technologies Trading Date Momentum
| On May 22 2023 Nextplay Technologies was traded for 1.08 at the closing time. The top price for the day was 1.10 and the lowest listed price was 1.00 . The trading volume for the day was 35.1 K. The trading history from May 22, 2023 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 8.00% . The trading delta at closing time against the current closing price is 11.00% . |
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
Compare Nextplay Technologies to competition
Nextplay Technologies 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 Nextplay Technologies otc stock to make a market-neutral strategy. Peer analysis of Nextplay Technologies could also be used in its relative valuation, which is a method of valuing Nextplay Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nextplay Technologies Market Strength Events
Market strength indicators help investors to evaluate how Nextplay Technologies otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextplay Technologies shares will generate the highest return on investment. By undertsting and applying Nextplay Technologies otc stock market strength indicators, traders can identify Nextplay Technologies entry and exit signals to maximize returns.
Nextplay Technologies Risk Indicators
The analysis of Nextplay Technologies' 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 Nextplay Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextplay otc 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 | 4.97 | |||
| Standard Deviation | 6.58 | |||
| Variance | 43.29 |
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 Nextplay Technologies
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 Nextplay Technologies 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 Nextplay Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Nextplay OTC Stock
| 0.56 | S | SentinelOne | PairCorr |
| 0.56 | ZS | Zscaler | PairCorr |
| 0.44 | CETXP | Cemtrex Pref Earnings Call This Week | PairCorr |
| 0.35 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.31 | DTSS | Datasea | PairCorr |
The ability to find closely correlated positions to Nextplay Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextplay Technologies 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 Nextplay Technologies - 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 Nextplay Technologies to buy it.
The correlation of Nextplay Technologies 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 Nextplay Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextplay Technologies 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 Nextplay Technologies 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in estimate. 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 Nextplay OTC Stock
If you are still planning to invest in Nextplay Technologies 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 Nextplay Technologies' history and understand the potential risks before investing.
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