OceanaGold Stock Forecast - Market Facilitation Index
| OGC Stock | CAD 4.44 0.01 0.22% |
OceanaGold Stock Forecast is based on your current time horizon. Although OceanaGold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of OceanaGold's systematic risk associated with finding meaningful patterns of OceanaGold fundamentals over time.
OceanaGold |
| Check OceanaGold Volatility | Backtest OceanaGold | Information Ratio |
OceanaGold Trading Date Momentum
| On November 22 2024 OceanaGold was traded for 4.44 at the closing time. The maximum traded price for the trading interval was 4.51 and the lowest daily price was 4.42 . The daily volume was recorded at 993.3 K. The volume of trading on 22nd of November 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.23% . |
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.
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Other Forecasting Options for OceanaGold
For every potential investor in OceanaGold, whether a beginner or expert, OceanaGold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OceanaGold Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OceanaGold. Basic forecasting techniques help filter out the noise by identifying OceanaGold's price trends.OceanaGold 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 OceanaGold stock to make a market-neutral strategy. Peer analysis of OceanaGold could also be used in its relative valuation, which is a method of valuing OceanaGold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OceanaGold 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 OceanaGold'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 OceanaGold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
OceanaGold Market Strength Events
Market strength indicators help investors to evaluate how OceanaGold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OceanaGold shares will generate the highest return on investment. By undertsting and applying OceanaGold stock market strength indicators, traders can identify OceanaGold entry and exit signals to maximize returns.
OceanaGold Risk Indicators
The analysis of OceanaGold'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 OceanaGold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oceanagold 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 | 2.02 | |||
| Semi Deviation | 2.0 | |||
| Standard Deviation | 2.67 | |||
| Variance | 7.16 | |||
| Downside Variance | 5.21 | |||
| Semi Variance | 4.01 | |||
| Expected Short fall | (2.48) |
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 OceanaGold
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 OceanaGold 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 OceanaGold will appreciate offsetting losses from the drop in the long position's value.Moving together with OceanaGold Stock
| 0.8 | AG | First Majestic Silver | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
Moving against OceanaGold Stock
The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold 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 OceanaGold - 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 OceanaGold to buy it.
The correlation of OceanaGold 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 OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold 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 OceanaGold 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.Other Information on Investing in OceanaGold Stock
OceanaGold financial ratios help investors to determine whether OceanaGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OceanaGold with respect to the benefits of owning OceanaGold security.