Abionyx Pharma Stock Forecast - Price Action Indicator
| ABNX Stock | EUR 1.07 0.02 1.90% |
Abionyx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Abionyx Pharma stock prices and determine the direction of Abionyx Pharma SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Abionyx Pharma's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Abionyx Pharma to cross-verify your projections. Abionyx |
Most investors in Abionyx Pharma 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 Abionyx Pharma's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Abionyx Pharma's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check Abionyx Pharma Volatility | Backtest Abionyx Pharma | Information Ratio |
Abionyx Pharma Trading Date Momentum
| On May 03 2024 Abionyx Pharma SA was traded for 1.07 at the closing time. The highest price during the trading period was 1.07 and the lowest recorded bid was listed for 1.03 . There was no trading activity during the period 0.0. Lack of trading volume on May 3, 2024 did not affect price variability. The overall trading delta to the current price is 1.87% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Abionyx Pharma to competition |
Other Forecasting Options for Abionyx Pharma
For every potential investor in Abionyx, whether a beginner or expert, Abionyx Pharma's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Abionyx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Abionyx. Basic forecasting techniques help filter out the noise by identifying Abionyx Pharma's price trends.Abionyx Pharma 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 Abionyx Pharma stock to make a market-neutral strategy. Peer analysis of Abionyx Pharma could also be used in its relative valuation, which is a method of valuing Abionyx Pharma by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Abionyx Pharma SA 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 Abionyx Pharma'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 Abionyx Pharma's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Abionyx Pharma Market Strength Events
Market strength indicators help investors to evaluate how Abionyx Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abionyx Pharma shares will generate the highest return on investment. By undertsting and applying Abionyx Pharma stock market strength indicators, traders can identify Abionyx Pharma SA entry and exit signals to maximize returns.
Abionyx Pharma Risk Indicators
The analysis of Abionyx Pharma'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 Abionyx Pharma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abionyx 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 | 1.78 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.69 |
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 Abionyx Pharma 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, Abionyx Pharma's short interest history, or implied volatility extrapolated from Abionyx Pharma options trading.
Pair Trading with Abionyx Pharma
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 Abionyx Pharma 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 Abionyx Pharma will appreciate offsetting losses from the drop in the long position's value.Moving together with Abionyx Stock
| 0.66 | DBV | DBV Technologies | PairCorr |
| 0.69 | IPH | Innate Pharma | PairCorr |
Moving against Abionyx Stock
| 0.83 | ALMDP | Medesis Pharma SA | PairCorr |
| 0.52 | SIGHT | Gensight Biologics | PairCorr |
| 0.51 | ABVX | Abivax SA | PairCorr |
The ability to find closely correlated positions to Abionyx Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abionyx Pharma 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 Abionyx Pharma - 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 Abionyx Pharma SA to buy it.
The correlation of Abionyx Pharma 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 Abionyx Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abionyx Pharma SA 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 Abionyx Pharma 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 Abionyx Pharma to cross-verify your projections. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Abionyx Stock analysis
When running Abionyx Pharma's price analysis, check to measure Abionyx Pharma'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 Abionyx Pharma is operating at the current time. Most of Abionyx Pharma's value examination focuses on studying past and present price action to predict the probability of Abionyx Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abionyx Pharma's price. Additionally, you may evaluate how the addition of Abionyx Pharma to your portfolios can decrease your overall portfolio volatility.
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