Photon Energy Stock Forecast - Accumulation Distribution
| PEN Stock | CZK 24.00 1.35 5.33% |
Photon Stock Forecast is based on your current time horizon.
Photon |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 77.25 | 4608.07 |
| Check Photon Energy Volatility | Backtest Photon Energy | Information Ratio |
Photon Energy Trading Date Momentum
| On December 10 2024 Photon Energy NV was traded for 24.00 at the closing time. The maximum traded price for the trading interval was 25.70 and the lowest daily price was 23.90 . The daily volume was recorded at 65.8 K. The volume of trading on 10th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 5.63% . |
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 Photon Energy to competition |
Other Forecasting Options for Photon Energy
For every potential investor in Photon, whether a beginner or expert, Photon Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Photon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Photon. Basic forecasting techniques help filter out the noise by identifying Photon Energy's price trends.Photon Energy 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 Photon Energy stock to make a market-neutral strategy. Peer analysis of Photon Energy could also be used in its relative valuation, which is a method of valuing Photon Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Photon Energy NV 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 Photon Energy'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 Photon Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Photon Energy Market Strength Events
Market strength indicators help investors to evaluate how Photon Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Photon Energy shares will generate the highest return on investment. By undertsting and applying Photon Energy stock market strength indicators, traders can identify Photon Energy NV entry and exit signals to maximize returns.
| Accumulation Distribution | 4608.07 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 24.8 | |||
| Day Typical Price | 24.53 | |||
| Price Action Indicator | (1.47) | |||
| Period Momentum Indicator | (1.35) |
Photon Energy Risk Indicators
The analysis of Photon Energy'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 Photon Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting photon 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 | 1.8 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.48 |
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 Photon Energy
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 Photon Energy 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 Photon Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Photon Stock
Moving against Photon Stock
The ability to find closely correlated positions to Photon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Photon Energy 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 Photon Energy - 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 Photon Energy NV to buy it.
The correlation of Photon Energy 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 Photon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Photon Energy NV 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 Photon Energy 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 Photon Stock Analysis
When running Photon Energy's price analysis, check to measure Photon Energy'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 Photon Energy is operating at the current time. Most of Photon Energy's value examination focuses on studying past and present price action to predict the probability of Photon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photon Energy's price. Additionally, you may evaluate how the addition of Photon Energy to your portfolios can decrease your overall portfolio volatility.