Gfl Stock Forecast is based on your current time horizon. Although Gfl Environmental's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Gfl Environmental's systematic risk associated with finding meaningful patterns of Gfl Environmental fundamentals over time.
Gfl Environmental Holdings has current Day Typical Price of 65.42. Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
On November 28 2024 Gfl Environmental Holdings was traded for 65.65 at the closing time. The maximum traded price for the trading interval was 65.88 and the lowest daily price was 64.73 . The daily volume was recorded at 37.6 K. The volume of trading on 28th of November 2024 did not cause price change. The overall trading delta to the closing price today is 1.19% .
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.
For every potential investor in Gfl, whether a beginner or expert, Gfl Environmental's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gfl Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gfl. Basic forecasting techniques help filter out the noise by identifying Gfl Environmental's price trends.
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 Gfl Environmental stock to make a market-neutral strategy. Peer analysis of Gfl Environmental could also be used in its relative valuation, which is a method of valuing Gfl Environmental by comparing valuation metrics with similar companies.
Gfl Environmental 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 Gfl Environmental'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 Gfl Environmental's current price.
Market strength indicators help investors to evaluate how Gfl Environmental stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gfl Environmental shares will generate the highest return on investment. By undertsting and applying Gfl Environmental stock market strength indicators, traders can identify Gfl Environmental Holdings entry and exit signals to maximize returns.
The analysis of Gfl Environmental'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 Gfl Environmental's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gfl 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.
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 Gfl Environmental
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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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.
When determining whether Gfl Environmental is a strong investment it is important to analyze Gfl Environmental's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gfl Environmental's future performance. For an informed investment choice regarding Gfl Stock, refer to the following important reports:
Please note, there is a significant difference between Gfl Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gfl Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gfl Environmental'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.