DocCheck Stock Forecast - Accumulation Distribution
| AJ91 Stock | EUR 8.55 0.30 3.39% |
DocCheck Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DocCheck stock prices and determine the direction of DocCheck AG's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DocCheck's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of DocCheck to cross-verify your projections. DocCheck |
Most investors in DocCheck 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 DocCheck's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DocCheck's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which DocCheck is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of DocCheck AG to determine if accumulation or reduction is taking place in the market. This value is adjusted by DocCheck trading volume to give more weight to distributions with higher volume over lower volume.| Check DocCheck Volatility | Backtest DocCheck | Trend Details |
DocCheck Trading Date Momentum
| On February 07 2024 DocCheck AG was traded for 8.85 at the closing time. The maximum traded price for the trading interval was 8.85 and the lowest daily price was 8.50 . The daily volume was recorded at 1000. The volume of trading on 7th of February 2024 did not affect price variability. The overall trading delta to the closing price today is 2.82% . |
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 DocCheck to competition |
Other Forecasting Options for DocCheck
For every potential investor in DocCheck, whether a beginner or expert, DocCheck's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DocCheck Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DocCheck. Basic forecasting techniques help filter out the noise by identifying DocCheck's price trends.DocCheck 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 DocCheck stock to make a market-neutral strategy. Peer analysis of DocCheck could also be used in its relative valuation, which is a method of valuing DocCheck by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DocCheck AG 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 DocCheck'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 DocCheck's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
DocCheck Market Strength Events
Market strength indicators help investors to evaluate how DocCheck stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DocCheck shares will generate the highest return on investment. By undertsting and applying DocCheck stock market strength indicators, traders can identify DocCheck AG entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 8.55 | |||
| Day Typical Price | 8.55 | |||
| Price Action Indicator | (0.15) | |||
| Period Momentum Indicator | (0.30) |
DocCheck Risk Indicators
The analysis of DocCheck'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 DocCheck's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting doccheck 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 | 0.8536 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 |
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 DocCheck
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 DocCheck 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 DocCheck will appreciate offsetting losses from the drop in the long position's value.Moving together with DocCheck Stock
| 0.67 | 9EH | Evolent Health | PairCorr |
Moving against DocCheck Stock
| 0.46 | ECHA | Ecopetrol SA | PairCorr |
| 0.42 | SSU | Samsung Electronics | PairCorr |
| 0.41 | SSU | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to DocCheck could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DocCheck 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 DocCheck - 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 DocCheck AG to buy it.
The correlation of DocCheck 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 DocCheck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocCheck AG 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 DocCheck 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 DocCheck to cross-verify your projections. Note that the DocCheck AG information on this page should be used as a complementary analysis to other DocCheck's 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for DocCheck Stock analysis
When running DocCheck's price analysis, check to measure DocCheck'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 DocCheck is operating at the current time. Most of DocCheck's value examination focuses on studying past and present price action to predict the probability of DocCheck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DocCheck's price. Additionally, you may evaluate how the addition of DocCheck to your portfolios can decrease your overall portfolio volatility.
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