Enact Holdings Etf Forecast - Accumulation Distribution
| ACT Etf | USD 31.51 0.02 0.06% |
Enact Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Enact Holdings stock prices and determine the direction of Enact Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Enact Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Enact Holdings to cross-verify your projections. Enact |
Open Interest Against 2024-06-21 Enact Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Enact Holdings' 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 Enact Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Enact Holdings 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 Enact Holdings' open interest, investors have to compare it to Enact Holdings' 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 Enact Holdings 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 Enact. 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 Enact Holdings cannot accurately predict what will happen the next trading day because, historically, etf 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 Enact Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Enact Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Enact Holdings is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Enact Holdings to determine if accumulation or reduction is taking place in the market. This value is adjusted by Enact Holdings trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 1591.24 | 1523.4 |
| Check Enact Holdings Volatility | Backtest Enact Holdings | Trend Details |
Enact Holdings Trading Date Momentum
| On April 25 2024 Enact Holdings was traded for 29.94 at the closing time. Highest Enact Holdings's price during the trading hours was 29.97 and the lowest price during the day was 29.70 . The net volume was 147.1 K. The overall trading history on the 25th of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.20% . The overall trading delta to current price is 0.03% . |
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 Enact Holdings to competition |
Other Forecasting Options for Enact Holdings
For every potential investor in Enact, whether a beginner or expert, Enact Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enact Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enact. Basic forecasting techniques help filter out the noise by identifying Enact Holdings' price trends.Enact Holdings 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 Enact Holdings etf to make a market-neutral strategy. Peer analysis of Enact Holdings could also be used in its relative valuation, which is a method of valuing Enact Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enact Holdings Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Enact Holdings' 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 Enact Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enact Holdings Market Strength Events
Market strength indicators help investors to evaluate how Enact Holdings etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enact Holdings shares will generate the highest return on investment. By undertsting and applying Enact Holdings etf market strength indicators, traders can identify Enact Holdings entry and exit signals to maximize returns.
Enact Holdings Risk Indicators
The analysis of Enact Holdings' 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 Enact Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enact etf 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 | 0.7384 | |||
| Semi Deviation | 0.5241 | |||
| Standard Deviation | 0.9801 | |||
| Variance | 0.9606 | |||
| Downside Variance | 0.6302 | |||
| Semi Variance | 0.2747 | |||
| Expected Short fall | (0.95) |
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 Enact Holdings
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 Enact Holdings 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 Enact Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Enact Etf
| 0.77 | ESNT | Essent Group | PairCorr |
| 0.74 | AXS | AXIS Capital Holdings | PairCorr |
Moving against Enact Etf
| 0.72 | JRVR | James River Group | PairCorr |
| 0.59 | AMSF | AMERISAFE | PairCorr |
| 0.49 | EIG | Employers Holdings | PairCorr |
| 0.46 | MBI | MBIA Inc | PairCorr |
The ability to find closely correlated positions to Enact Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enact Holdings 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 Enact Holdings - 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 Enact Holdings to buy it.
The correlation of Enact Holdings 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 Enact Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enact Holdings 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 Enact Holdings 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 Historical Fundamental Analysis of Enact Holdings to cross-verify your projections. For more information on how to buy Enact Etf please use our How to Invest in Enact Holdings guide.Note that the Enact Holdings information on this page should be used as a complementary analysis to other Enact Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.