Africa Oil Stock Forecast - Accumulation Distribution
| AOI Stock | SEK 19.51 0.71 3.51% |
Africa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Africa Oil stock prices and determine the direction of Africa Oil Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Africa Oil's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Africa Oil to cross-verify your projections. Africa |
Most investors in Africa Oil 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 Africa Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Africa Oil's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Africa Oil is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Africa Oil Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Africa Oil trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 4982.54 | 18074.37 |
| Check Africa Oil Volatility | Backtest Africa Oil | Trend Details |
Africa Oil Trading Date Momentum
| On April 18 2024 Africa Oil Corp was traded for 19.64 at the closing time. The maximum traded price for the trading interval was 19.80 and the lowest daily price was 19.30 . The daily volume was recorded at 719.3 K. The volume of trading on 18th of April 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.70% . The overall trading delta to the closing price today is 4.90% . |
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 Africa Oil to competition |
Other Forecasting Options for Africa Oil
For every potential investor in Africa, whether a beginner or expert, Africa Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Africa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Africa. Basic forecasting techniques help filter out the noise by identifying Africa Oil's price trends.Africa Oil 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 Africa Oil stock to make a market-neutral strategy. Peer analysis of Africa Oil could also be used in its relative valuation, which is a method of valuing Africa Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Africa Oil 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 Africa Oil'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 Africa Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Africa Oil Market Strength Events
Market strength indicators help investors to evaluate how Africa Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Africa Oil shares will generate the highest return on investment. By undertsting and applying Africa Oil stock market strength indicators, traders can identify Africa Oil Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 9513.15 | |||
| Daily Balance Of Power | (1.87) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 19.61 | |||
| Day Typical Price | 19.58 | |||
| Price Action Indicator | (0.45) | |||
| Period Momentum Indicator | (0.71) | |||
| Relative Strength Index | 63.04 |
Africa Oil Risk Indicators
The analysis of Africa Oil'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 Africa Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting africa 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 | 1.76 | |||
| Standard Deviation | 2.45 | |||
| Variance | 5.99 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Africa Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Africa Oil's short interest history, or implied volatility extrapolated from Africa Oil options trading.
Pair Trading with Africa Oil
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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Africa Stock
| 0.62 | IPCO | International Petroleum Earnings Call This Week | PairCorr |
Moving against Africa Stock
| 0.83 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.73 | SHB-A | Svenska Handelsbanken | PairCorr |
The ability to find closely correlated positions to Africa Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Oil 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 Africa Oil - 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 Africa Oil Corp to buy it.
The correlation of Africa Oil 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 Africa Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Oil 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 Africa Oil 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 Africa Oil to cross-verify your projections. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Africa Stock analysis
When running Africa Oil's price analysis, check to measure Africa Oil'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 Africa Oil is operating at the current time. Most of Africa Oil's value examination focuses on studying past and present price action to predict the probability of Africa Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Oil's price. Additionally, you may evaluate how the addition of Africa Oil to your portfolios can decrease your overall portfolio volatility.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |