CN Etf Forecast - Market Facilitation Index
| CN Etf | USD 28.07 0.47 1.70% |
CN Etf Forecast is based on your current time horizon.
CN |
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CN Trading Date Momentum
| On January 21 2025 CN was traded for 28.07 at the closing time. The highest price during the trading period was 28.13 and the lowest recorded bid was listed for 27.60 . There was no trading activity during the period 0.0. Lack of trading volume on January 21, 2025 did not affect price variability. The overall trading delta to the current price is 1.67% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
Compare CN to competition
CN 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 CN etf to make a market-neutral strategy. Peer analysis of CN could also be used in its relative valuation, which is a method of valuing CN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CN Market Strength Events
Market strength indicators help investors to evaluate how CN etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CN shares will generate the highest return on investment. By undertsting and applying CN etf market strength indicators, traders can identify CN entry and exit signals to maximize returns.
Pair Trading with CN
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 CN 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 CN will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CN 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 CN - 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 CN to buy it.
The correlation of CN 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 CN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CN 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 CN 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 etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of CN is measured differently than its book value, which is the value of CN that is recorded on the company's balance sheet. Investors also form their own opinion of CN's value that differs from its market value or its book value, called intrinsic value, which is CN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CN's market value can be influenced by many factors that don't directly affect CN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CN's value and its price as these two are different measures arrived at by different means. Investors typically determine if CN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.