ABB Pink Sheet Forecast - Relative Strength Index
ABLZF Stock | USD 50.20 0.48 0.97% |
ABB Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ABB stock prices and determine the direction of ABB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ABB's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ABB to cross-verify your projections. ABB |
Most investors in ABB 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 ABB's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ABB's price structures and extracts relationships that further increase the generated results' accuracy.
Previous Relative Strength Index | Relative Strength Index | Trend |
60.12 | 60.12 |
Check ABB Volatility | Backtest ABB | Information Ratio |
ABB Trading Date Momentum
On May 03 2024 ABB was traded for 50.20 at the closing time. The highest daily price throughout the period was 50.25 and the lowest price was 49.52 . The daily volume was 4 K. The net trading volume on 05/03/2024 did not affect price variability. The overall trading delta to current closing price is 1.00% . |
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Other Forecasting Options for ABB
For every potential investor in ABB, whether a beginner or expert, ABB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ABB Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ABB. Basic forecasting techniques help filter out the noise by identifying ABB's price trends.ABB 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 ABB pink sheet to make a market-neutral strategy. Peer analysis of ABB could also be used in its relative valuation, which is a method of valuing ABB by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
ABB Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ABB'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 ABB's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
ABB Market Strength Events
Market strength indicators help investors to evaluate how ABB pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABB shares will generate the highest return on investment. By undertsting and applying ABB pink sheet market strength indicators, traders can identify ABB entry and exit signals to maximize returns.
ABB Risk Indicators
The analysis of ABB'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 ABB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abb pink sheet 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 | 1.26 | |||
Standard Deviation | 1.72 | |||
Variance | 2.94 | |||
Downside Variance | 2.49 | |||
Semi Variance | 1.59 | |||
Expected Short fall | (1.39) |
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 ABB
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 ABB 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 ABB will appreciate offsetting losses from the drop in the long position's value.Moving together with ABB Pink Sheet
0.75 | ABB | ABB Ltd ADR | PairCorr |
0.83 | VRT | Vertiv Holdings | PairCorr |
0.61 | LGRDY | Legrand SA ADR | PairCorr |
0.7 | MIELY | Mitsubishi Electric Corp | PairCorr |
Moving against ABB Pink Sheet
0.72 | MCAE | Mountain Crest Acqui | PairCorr |
0.65 | MCAEU | Mountain Crest Acqui | PairCorr |
0.6 | 2457 | Phihong Technology Earnings Call This Week | PairCorr |
0.55 | GLUC | Glucose Health Earnings Call This Week | PairCorr |
0.52 | NIHK | Video River Networks | PairCorr |
The ability to find closely correlated positions to ABB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABB 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 ABB - 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 ABB to buy it.
The correlation of ABB 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 ABB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABB 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 ABB 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 ABB to cross-verify your projections. Note that the ABB information on this page should be used as a complementary analysis to other ABB'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for ABB Pink Sheet analysis
When running ABB's price analysis, check to measure ABB'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 ABB is operating at the current time. Most of ABB's value examination focuses on studying past and present price action to predict the probability of ABB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABB's price. Additionally, you may evaluate how the addition of ABB to your portfolios can decrease your overall portfolio volatility.
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