ENCE Energa Stock Forecast - Accumulation Distribution
| ENC Stock | EUR 3.41 0.03 0.89% |
ENCE Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ENCE Energa stock prices and determine the direction of ENCE Energa y's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ENCE Energa's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ENCE Energa to cross-verify your projections. ENCE |
Most investors in ENCE Energa 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 ENCE Energa's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ENCE Energa's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which ENCE Energa is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of ENCE Energa y to determine if accumulation or reduction is taking place in the market. This value is adjusted by ENCE Energa trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 4805.52 | 6589.93 |
| Check ENCE Energa Volatility | Backtest ENCE Energa | Trend Details |
ENCE Energa Trading Date Momentum
| On February 05 2024 ENCE Energa y was traded for 2.85 at the closing time. The maximum traded price for the trading interval was 2.88 and the lowest daily price was 2.83 . The daily volume was recorded at 357.5 K. The volume of trading on 5th of February 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.35% . The overall trading delta to the closing price today is 2.45% . |
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 ENCE Energa to competition |
Other Forecasting Options for ENCE Energa
For every potential investor in ENCE, whether a beginner or expert, ENCE Energa's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ENCE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ENCE. Basic forecasting techniques help filter out the noise by identifying ENCE Energa's price trends.ENCE Energa 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 ENCE Energa stock to make a market-neutral strategy. Peer analysis of ENCE Energa could also be used in its relative valuation, which is a method of valuing ENCE Energa by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ENCE Energa y 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 ENCE Energa'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 ENCE Energa's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ENCE Energa Market Strength Events
Market strength indicators help investors to evaluate how ENCE Energa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ENCE Energa shares will generate the highest return on investment. By undertsting and applying ENCE Energa stock market strength indicators, traders can identify ENCE Energa y entry and exit signals to maximize returns.
| Accumulation Distribution | 9027.08 | |||
| Daily Balance Of Power | 0.6 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 3.39 | |||
| Day Typical Price | 3.39 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.03 |
ENCE Energa Risk Indicators
The analysis of ENCE Energa'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 ENCE Energa's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ence 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 | 1.29 | |||
| Semi Deviation | 1.1 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.07 | |||
| Downside Variance | 1.94 | |||
| Semi Variance | 1.22 | |||
| Expected Short fall | (1.76) |
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 ENCE Energa 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, ENCE Energa's short interest history, or implied volatility extrapolated from ENCE Energa options trading.
Pair Trading with ENCE Energa
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 ENCE Energa 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 ENCE Energa will appreciate offsetting losses from the drop in the long position's value.Moving together with ENCE Stock
| 0.88 | NTH | Naturhouse Health | PairCorr |
| 0.61 | DIA | Distribuidora Internacional | PairCorr |
| 0.86 | TEF | Telefonica | PairCorr |
| 0.9 | MAP | Mapfre | PairCorr |
The ability to find closely correlated positions to ENCE Energa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENCE Energa 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 ENCE Energa - 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 ENCE Energa y to buy it.
The correlation of ENCE Energa 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 ENCE Energa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENCE Energa y 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 ENCE Energa 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 ENCE Energa to cross-verify your projections. Note that the ENCE Energa y information on this page should be used as a complementary analysis to other ENCE Energa'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for ENCE Stock analysis
When running ENCE Energa's price analysis, check to measure ENCE Energa'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 ENCE Energa is operating at the current time. Most of ENCE Energa's value examination focuses on studying past and present price action to predict the probability of ENCE Energa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENCE Energa's price. Additionally, you may evaluate how the addition of ENCE Energa to your portfolios can decrease your overall portfolio volatility.
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