Dollarama Stock Forward View - Accumulation Distribution
Dollarama Stock outlook is based on your current time horizon.
As of today the relative strength index (rsi) of Dollarama's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Dollarama hype-based prediction, you can estimate the value of Dollarama from the perspective of Dollarama response to recently generated media hype and the effects of current headlines on its competitors.
Dollarama after-hype prediction price | CAD 192.07 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Dollarama |
Dollarama Additional Predictive Modules
Most predictive techniques to examine Dollarama price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dollarama using various technical indicators. When you analyze Dollarama charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Check Dollarama Volatility | Backtest Dollarama | Information Ratio |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare Dollarama to competition
Dollarama 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 Dollarama stock to make a market-neutral strategy. Peer analysis of Dollarama could also be used in its relative valuation, which is a method of valuing Dollarama by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dollarama Risk Indicators
The analysis of Dollarama'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 Dollarama's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dollarama 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 | 0.8737 | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.41 |
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.
Story Coverage note for Dollarama
The number of cover stories for Dollarama depends on current market conditions and Dollarama's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Dollarama is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Dollarama's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
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Dollarama Short Properties
Dollarama's future price predictability will typically decrease when Dollarama's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Dollarama often depends not only on the future outlook of the potential Dollarama's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Dollarama's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 280.8 M | |
| Cash And Short Term Investments | 122.7 M |
Check out Investing Opportunities 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 inflation. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Tools for Dollarama Stock
When running Dollarama's price analysis, check to measure Dollarama'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 Dollarama is operating at the current time. Most of Dollarama's value examination focuses on studying past and present price action to predict the probability of Dollarama's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollarama's price. Additionally, you may evaluate how the addition of Dollarama to your portfolios can decrease your overall portfolio volatility.
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