Snap One Stock Forecast - Relative Strength Index
| SNPODelisted Stock | USD 10.75 0.01 0.09% |
Snap Stock Forecast is based on your current time horizon.
Snap |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 71.54 | 71.54 |
| Check Snap One Volatility | Backtest Snap One | Information Ratio |
Snap One Trading Date Momentum
| On November 19 2024 Snap One Holdings was traded for 10.75 at the closing time. The top price for the day was 10.76 and the lowest listed price was 10.74 . There was no trading activity during the period 0.0. Lack of trading volume on November 19, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.09% . |
Snap One 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 Snap One stock to make a market-neutral strategy. Peer analysis of Snap One could also be used in its relative valuation, which is a method of valuing Snap One by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snap One Market Strength Events
Market strength indicators help investors to evaluate how Snap One stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snap One shares will generate the highest return on investment. By undertsting and applying Snap One stock market strength indicators, traders can identify Snap One Holdings entry and exit signals to maximize returns.
Snap One Risk Indicators
The analysis of Snap One'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 Snap One's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snap 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 | 1.98 | |||
| Semi Deviation | 1.54 | |||
| Standard Deviation | 4.57 | |||
| Variance | 20.9 | |||
| Downside Variance | 6.57 | |||
| Semi Variance | 2.37 | |||
| Expected Short fall | (2.61) |
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 Snap One
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 Snap One 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 Snap One will appreciate offsetting losses from the drop in the long position's value.Moving against Snap Stock
| 0.85 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | BCH | Banco De Chile | PairCorr |
| 0.59 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.57 | SHG | Shinhan Financial | PairCorr |
| 0.44 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Snap One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap One 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 Snap One - 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 Snap One Holdings to buy it.
The correlation of Snap One 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 Snap One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap One Holdings 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 Snap One 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Other Consideration for investing in Snap Stock
If you are still planning to invest in Snap One Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Snap One's history and understand the potential risks before investing.
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