Goodfellow Stock Forecast - Accumulation Distribution
| GDL Stock | CAD 13.99 0.09 0.65% |
Goodfellow Stock Forecast is based on your current time horizon. Although Goodfellow's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Goodfellow's systematic risk associated with finding meaningful patterns of Goodfellow fundamentals over time.
Goodfellow |
| Check Goodfellow Volatility | Backtest Goodfellow | Trend Details |
Goodfellow Trading Date Momentum
| On August 27 2024 Goodfellow was traded for 13.91 at the closing time. The maximum traded price for the trading interval was 13.91 and the lowest daily price was 13.81 . The daily volume was recorded at 800. The volume of trading on 27th of August 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.35% . The overall trading delta to the closing price today is 0.57% . |
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
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Other Forecasting Options for Goodfellow
For every potential investor in Goodfellow, whether a beginner or expert, Goodfellow's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Goodfellow Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Goodfellow. Basic forecasting techniques help filter out the noise by identifying Goodfellow's price trends.Goodfellow 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 Goodfellow stock to make a market-neutral strategy. Peer analysis of Goodfellow could also be used in its relative valuation, which is a method of valuing Goodfellow by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Goodfellow 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 Goodfellow'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 Goodfellow's current price.| Cycle Indicators | ||
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Goodfellow Market Strength Events
Market strength indicators help investors to evaluate how Goodfellow stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodfellow shares will generate the highest return on investment. By undertsting and applying Goodfellow stock market strength indicators, traders can identify Goodfellow entry and exit signals to maximize returns.
Goodfellow Risk Indicators
The analysis of Goodfellow'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 Goodfellow's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting goodfellow 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 | 1.27 | |||
| Semi Deviation | 2.16 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.8 | |||
| Downside Variance | 5.4 | |||
| Semi Variance | 4.67 | |||
| Expected Short fall | (1.21) |
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 Goodfellow
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 Goodfellow 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 Goodfellow will appreciate offsetting losses from the drop in the long position's value.Moving against Goodfellow Stock
| 0.49 | AMZN | Amazon CDR | PairCorr |
| 0.47 | JPM | JPMorgan Chase | PairCorr |
| 0.47 | BOFA | Bank of America | PairCorr |
| 0.46 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.37 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Goodfellow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfellow 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 Goodfellow - 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 Goodfellow to buy it.
The correlation of Goodfellow 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 Goodfellow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfellow 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 Goodfellow 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 Goodfellow Stock
Goodfellow financial ratios help investors to determine whether Goodfellow 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 Goodfellow with respect to the benefits of owning Goodfellow security.