Canadian Tire Stock Forecast - Relative Strength Index
| CTC-A Stock | CAD 150.16 0.36 0.24% |
Canadian Stock Forecast is based on your current time horizon.
Canadian |
| Check Canadian Tire Volatility | Backtest Canadian Tire | Information Ratio |
Canadian Tire Trading Date Momentum
| On November 25 2024 Canadian Tire was traded for 150.16 at the closing time. The highest price during the trading period was 151.48 and the lowest recorded bid was listed for 149.69 . There was no trading activity during the period 0.0. Lack of trading volume on November 25, 2024 did not affect price variability. The overall trading delta to the current price is 0.01% . |
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Other Forecasting Options for Canadian Tire
For every potential investor in Canadian, whether a beginner or expert, Canadian Tire'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 Tire's price trends.Canadian Tire 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 Tire stock to make a market-neutral strategy. Peer analysis of Canadian Tire could also be used in its relative valuation, which is a method of valuing Canadian Tire by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canadian Tire 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 Tire'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 Tire's current price.| Cycle Indicators | ||
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Canadian Tire Market Strength Events
Market strength indicators help investors to evaluate how Canadian Tire 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 Tire shares will generate the highest return on investment. By undertsting and applying Canadian Tire stock market strength indicators, traders can identify Canadian Tire entry and exit signals to maximize returns.
Canadian Tire Risk Indicators
The analysis of Canadian Tire'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 Tire'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 | 0.6841 | |||
| Semi Deviation | 0.8928 | |||
| Standard Deviation | 0.9244 | |||
| Variance | 0.8545 | |||
| Downside Variance | 0.8815 | |||
| Semi Variance | 0.797 | |||
| Expected Short fall | (0.71) |
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 Tire
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 Tire 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 Tire will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.6 | JPM | JPMorgan Chase | PairCorr |
| 0.42 | GOOG | Alphabet CDR | PairCorr |
| 0.35 | NVDA | NVIDIA CDR | PairCorr |
| 0.35 | TSLA | Tesla Inc CDR | PairCorr |
The ability to find closely correlated positions to Canadian Tire 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 Tire 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 Tire - 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 Tire to buy it.
The correlation of Canadian Tire 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 Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire 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 Tire 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 Tire's price analysis, check to measure Canadian Tire'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 Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire'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 Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.