PHN Canadian Fund Forecast - Daily Balance Of Power
| 0P0000N468 | CAD 22.69 0.03 0.13% |
PHN Fund Forecast is based on your current time horizon.
PHN |
| Check PHN Canadian Volatility | Backtest PHN Canadian | Trend Details |
PHN Canadian Trading Date Momentum
| On October 17 2024 PHN Canadian Equity was traded for 22.04 at the closing time. The highest price during the trading period was 22.04 and the lowest recorded bid was listed for 22.04 . There was no trading activity during the period 1.0. Lack of trading volume on October 17, 2024 contributed to the next trading day price boost. The daily price change to the next closing price was 0.55% . The trading delta at closing time to the current price is 0.55% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for PHN Canadian
For every potential investor in PHN, whether a beginner or expert, PHN Canadian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PHN Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PHN. Basic forecasting techniques help filter out the noise by identifying PHN Canadian's price trends.PHN Canadian 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 PHN Canadian fund to make a market-neutral strategy. Peer analysis of PHN Canadian could also be used in its relative valuation, which is a method of valuing PHN Canadian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PHN Canadian Equity Technical and Predictive Analytics
The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of PHN Canadian'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 PHN Canadian's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PHN Canadian Market Strength Events
Market strength indicators help investors to evaluate how PHN Canadian fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PHN Canadian shares will generate the highest return on investment. By undertsting and applying PHN Canadian fund market strength indicators, traders can identify PHN Canadian Equity entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 22.69 | |||
| Day Typical Price | 22.69 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 66.59 |
PHN Canadian Risk Indicators
The analysis of PHN Canadian'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 PHN Canadian's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting phn fund 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 | 0.4079 | |||
| Semi Deviation | 0.1773 | |||
| Standard Deviation | 0.5232 | |||
| Variance | 0.2737 | |||
| Downside Variance | 0.2258 | |||
| Semi Variance | 0.0314 | |||
| Expected Short fall | (0.52) |
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 PHN Canadian
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 PHN Canadian 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 PHN Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with PHN Fund
| 0.93 | 0P00007173 | Mawer Canadien actions | PairCorr |
| 0.98 | 0P00007061 | RBC Canadian Equity | PairCorr |
| 0.93 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.91 | 0P00007138 | RBC sciences biologiques | PairCorr |
Moving against PHN Fund
| 0.86 | 0P000070H9 | CI Global Health | PairCorr |
| 0.68 | 0P00009XRG | Mawer Global Small | PairCorr |
The ability to find closely correlated positions to PHN Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PHN Canadian 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 PHN Canadian - 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 PHN Canadian Equity to buy it.
The correlation of PHN Canadian 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 PHN Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHN Canadian Equity 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 PHN Canadian 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 PHN Fund
PHN Canadian financial ratios help investors to determine whether PHN Fund 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 PHN with respect to the benefits of owning PHN Canadian security.
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