Canadian Solar Stock Forecast - Market Risk Adjusted Performance
| CSIQ Stock | USD 12.41 0.35 2.74% |
Canadian Stock Forecast is based on your current time horizon. Although Canadian Solar's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Canadian Solar's systematic risk associated with finding meaningful patterns of Canadian Solar fundamentals over time.
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| Check Canadian Solar Volatility | Backtest Canadian Solar | Information Ratio |
Canadian Solar Trading Date Momentum
| On November 29 2024 Canadian Solar was traded for 12.41 at the closing time. The top price for the day was 12.95 and the lowest listed price was 12.37 . The trading volume for the day was 1.2 M. The trading history from November 29, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.30% . |
| Compare Canadian Solar to competition |
Other Forecasting Options for Canadian Solar
For every potential investor in Canadian, whether a beginner or expert, Canadian Solar's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canadian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canadian. Basic forecasting techniques help filter out the noise by identifying Canadian Solar's price trends.Canadian Solar 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 Canadian Solar stock to make a market-neutral strategy. Peer analysis of Canadian Solar could also be used in its relative valuation, which is a method of valuing Canadian Solar by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canadian Solar 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 Canadian Solar'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 Canadian Solar's current price.| Cycle Indicators | ||
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Canadian Solar Market Strength Events
Market strength indicators help investors to evaluate how Canadian Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Solar shares will generate the highest return on investment. By undertsting and applying Canadian Solar stock market strength indicators, traders can identify Canadian Solar entry and exit signals to maximize returns.
| Accumulation Distribution | 53198.5 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 12.66 | |||
| Day Typical Price | 12.58 | |||
| Price Action Indicator | (0.42) | |||
| Period Momentum Indicator | (0.35) |
Canadian Solar Risk Indicators
The analysis of Canadian Solar'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 Canadian Solar's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canadian 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 | 4.32 | |||
| Semi Deviation | 6.25 | |||
| Standard Deviation | 5.8 | |||
| Variance | 33.69 | |||
| Downside Variance | 40.61 | |||
| Semi Variance | 39.02 | |||
| Expected Short fall | (3.99) |
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 Canadian Solar
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 Canadian Solar 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 Canadian Solar will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar 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 Canadian Solar - 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 Canadian Solar to buy it.
The correlation of Canadian Solar 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 Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar 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 Canadian Solar 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.Additional Tools for Canadian Stock Analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar'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 Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.