BARNETT INC Stock Forecast - Coefficient Of Variation

BNTT
 Stock
  

USD 0.60  0.00  0.00%   

BARNETT Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BARNETT INC historical stock prices and determine the direction of BARNETT INC's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of BARNETT INC historical fundamentals such as revenue growth or operating cash flow patterns.
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BARNETT INC has current Coefficient Of Variation of 0.
Most investors in BARNETT INC 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 BARNETT INC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BARNETT INC's price structures and extracts relationships that further increase the generated results' accuracy.
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BARNETT INC Trading Date Momentum

On August 08 2022 BARNETT INC was traded for  0.60  at the closing time. The top price for the day was 0.60  and the lowest listed price was  0.60 . There was no trading activity during the period 0.0. Lack of trading volume on August 8, 2022 did not affect price variability. The overall trading delta against the current closing price is 0.00% .
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BARNETT INC 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 BARNETT INC stock to make a market-neutral strategy. Peer analysis of BARNETT INC could also be used in its relative valuation, which is a method of valuing BARNETT INC by comparing valuation metrics with similar companies.
AKA Brands HoldingAmazon IncBlue Apron HoldingsAlibaba Group HoldingBoxed IncBaozun Inc ADRChewy IncCoupang Inc ClArray TechnologiesPalantir TechnologiesAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 Covered
 Risk & Return  Correlation

BARNETT INC Investors Sentiment

The influence of BARNETT INC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BARNETT. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 BARNETT INC 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, BARNETT INC's short interest history, or implied volatility extrapolated from BARNETT INC options trading.

Pair Trading with BARNETT INC

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 BARNETT INC 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 BARNETT INC will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BARNETT INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BARNETT INC 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 BARNETT INC - 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 BARNETT INC to buy it.
The correlation of BARNETT INC is a statistical measure of how it moves in relation to other equities. 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 BARNETT INC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BARNETT INC 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 BARNETT INC 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.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the BARNETT INC information on this page should be used as a complementary analysis to other BARNETT INC'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Other Tools for BARNETT Stock

When running BARNETT INC price analysis, check to measure BARNETT INC'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 BARNETT INC is operating at the current time. Most of BARNETT INC's value examination focuses on studying past and present price action to predict the probability of BARNETT INC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BARNETT INC's price. Additionally, you may evaluate how the addition of BARNETT INC to your portfolios can decrease your overall portfolio volatility.
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