Canon Stock Forecast - Daily Balance Of Power
| CNN1 Stock | EUR 31.54 1.04 3.41% |
Canon Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Canon's historical fundamentals, such as revenue growth or operating cash flow patterns.
Canon |
| Check Canon Volatility | Backtest Canon | Trend Details |
Canon Trading Date Momentum
| On September 13 2024 Canon Inc was traded for 30.37 at the closing time. The maximum traded price for the trading interval was 30.37 and the lowest daily price was 29.99 . The daily volume was recorded at 10.0. The volume of trading on 13th of September 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.14% . The overall trading delta to the closing price today is 2.60% . |
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 Canon
For every potential investor in Canon, whether a beginner or expert, Canon's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canon. Basic forecasting techniques help filter out the noise by identifying Canon's price trends.Canon 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 Canon stock to make a market-neutral strategy. Peer analysis of Canon could also be used in its relative valuation, which is a method of valuing Canon by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canon Inc 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 Canon'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 Canon's current price.| Cycle Indicators | ||
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| Volume Indicators |
Canon Market Strength Events
Market strength indicators help investors to evaluate how Canon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canon shares will generate the highest return on investment. By undertsting and applying Canon stock market strength indicators, traders can identify Canon Inc entry and exit signals to maximize returns.
Canon Risk Indicators
The analysis of Canon'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 Canon's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canon 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 | 1.2 | |||
| Semi Deviation | 1.36 | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.27 | |||
| Downside Variance | 1.93 | |||
| Semi Variance | 1.84 | |||
| Expected Short fall | (1.35) |
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.
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Other Information on Investing in Canon Stock
Canon financial ratios help investors to determine whether Canon 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 Canon with respect to the benefits of owning Canon security.