Continental Resources Stock Forecast - Day Typical Price
| CLRDelisted Stock | USD 74.27 0.00 0.00% |
Continental Stock Forecast is based on your current time horizon.
Continental |
| Check Continental Resources Volatility | Backtest Continental Resources | Information Ratio |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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Continental Resources 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 Continental Resources stock to make a market-neutral strategy. Peer analysis of Continental Resources could also be used in its relative valuation, which is a method of valuing Continental Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Continental Resources Market Strength Events
Market strength indicators help investors to evaluate how Continental Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Continental Resources shares will generate the highest return on investment. By undertsting and applying Continental Resources stock market strength indicators, traders can identify Continental Resources entry and exit signals to maximize returns.
| Accumulation Distribution | 4.0E-4 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 74.27 | |||
| Day Typical Price | 74.27 | |||
| Market Facilitation Index | 0.03 | |||
| Price Action Indicator | 0.005 |
Pair Trading with Continental Resources
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 Continental Resources 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 Continental Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Continental Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Continental Resources 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 Continental Resources - 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 Continental Resources to buy it.
The correlation of Continental Resources 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 Continental Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Continental Resources 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 Continental Resources 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 Trending Equities 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 bureau of economic analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Consideration for investing in Continental Stock
If you are still planning to invest in Continental Resources 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 Continental Resources' history and understand the potential risks before investing.
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