OFS Capital Stock Forecast - Rate Of Daily Change
| OFS Stock | USD 9.84 0.03 0.31% |
OFS Stock Forecast is based on your current time horizon.
OFS |
Open Interest Against 2024-06-21 OFS Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast OFS Capital's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in OFS Capital's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for OFS Capital stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current OFS Capital's open interest, investors have to compare it to OFS Capital's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of OFS Capital is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in OFS. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in OFS Capital cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the OFS Capital's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets OFS Capital's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of OFS Capital.| Check OFS Capital Volatility | Backtest OFS Capital | Information Ratio |
OFS Capital Trading Date Momentum
| On June 10 2024 OFS Capital Corp was traded for 9.84 at the closing time. Highest OFS Capital's price during the trading hours was 9.84 and the lowest price during the day was 9.65 . There was no trading activity during the period 0.0. Lack of trading volume on the 10th of June did not cause price change. The trading delta at closing time to current price is 0.30% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare OFS Capital to competition |
Other Forecasting Options for OFS Capital
For every potential investor in OFS, whether a beginner or expert, OFS Capital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OFS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OFS. Basic forecasting techniques help filter out the noise by identifying OFS Capital's price trends.OFS Capital 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 OFS Capital stock to make a market-neutral strategy. Peer analysis of OFS Capital could also be used in its relative valuation, which is a method of valuing OFS Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OFS Capital Corp 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 OFS Capital'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 OFS Capital's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
OFS Capital Market Strength Events
Market strength indicators help investors to evaluate how OFS Capital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OFS Capital shares will generate the highest return on investment. By undertsting and applying OFS Capital stock market strength indicators, traders can identify OFS Capital Corp entry and exit signals to maximize returns.
OFS Capital Risk Indicators
The analysis of OFS Capital'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 OFS Capital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ofs 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 | 1.13 | |||
| Standard Deviation | 1.47 | |||
| Variance | 2.15 |
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 OFS Capital
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 OFS Capital 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 OFS Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with OFS Stock
| 0.62 | BLK | BlackRock Financial Report 12th of July 2024 | PairCorr |
Moving against OFS Stock
| 0.63 | GBDC | Golub Capital BDC Fiscal Year End 18th of November 2024 | PairCorr |
| 0.58 | FDUS | Fidus Investment Corp | PairCorr |
| 0.57 | MAIN | Main Street Capital | PairCorr |
| 0.51 | WHF | WhiteHorse Finance | PairCorr |
| 0.43 | BLX | Foreign Trade Bank | PairCorr |
The ability to find closely correlated positions to OFS Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OFS Capital 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 OFS Capital - 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 OFS Capital Corp to buy it.
The correlation of OFS Capital 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 OFS Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OFS Capital Corp 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 OFS Capital 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 OFS Stock Analysis
When running OFS Capital's price analysis, check to measure OFS Capital'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 OFS Capital is operating at the current time. Most of OFS Capital's value examination focuses on studying past and present price action to predict the probability of OFS Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFS Capital's price. Additionally, you may evaluate how the addition of OFS Capital to your portfolios can decrease your overall portfolio volatility.