Gildan Activewear Stock Forecast - Price Action Indicator
| GIL Stock | CAD 69.60 0.20 0.29% |
Gildan Stock Forecast is based on your current time horizon. Although Gildan Activewear's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Gildan Activewear's systematic risk associated with finding meaningful patterns of Gildan Activewear fundamentals over time.
Gildan |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| 0.065 | (0.09) |
| Check Gildan Activewear Volatility | Backtest Gildan Activewear | Trend Details |
Gildan Activewear Trading Date Momentum
| On November 26 2024 Gildan Activewear was traded for 69.64 at the closing time. The maximum traded price for the trading interval was 70.15 and the lowest daily price was 69.18 . The daily volume was recorded at 345.3 K. The volume of trading on 26th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.37% . The overall trading delta to the closing price today is 0.50% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Gildan Activewear to competition |
Other Forecasting Options for Gildan Activewear
For every potential investor in Gildan, whether a beginner or expert, Gildan Activewear's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gildan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gildan. Basic forecasting techniques help filter out the noise by identifying Gildan Activewear's price trends.Gildan Activewear 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 Gildan Activewear stock to make a market-neutral strategy. Peer analysis of Gildan Activewear could also be used in its relative valuation, which is a method of valuing Gildan Activewear by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gildan Activewear 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 Gildan Activewear'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 Gildan Activewear's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Gildan Activewear Market Strength Events
Market strength indicators help investors to evaluate how Gildan Activewear stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gildan Activewear shares will generate the highest return on investment. By undertsting and applying Gildan Activewear stock market strength indicators, traders can identify Gildan Activewear entry and exit signals to maximize returns.
| Accumulation Distribution | 1651.86 | |||
| Daily Balance Of Power | (0.29) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 69.65 | |||
| Day Typical Price | 69.63 | |||
| Price Action Indicator | (0.15) | |||
| Period Momentum Indicator | (0.20) | |||
| Relative Strength Index | 55.34 |
Gildan Activewear Risk Indicators
The analysis of Gildan Activewear'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 Gildan Activewear's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gildan 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 | 0.6814 | |||
| Semi Deviation | 0.6166 | |||
| Standard Deviation | 0.8907 | |||
| Variance | 0.7933 | |||
| Downside Variance | 0.8112 | |||
| Semi Variance | 0.3802 | |||
| Expected Short fall | (0.75) |
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 Gildan Activewear
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 Gildan Activewear 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 Gildan Activewear will appreciate offsetting losses from the drop in the long position's value.Moving against Gildan Stock
The ability to find closely correlated positions to Gildan Activewear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gildan Activewear 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 Gildan Activewear - 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 Gildan Activewear to buy it.
The correlation of Gildan Activewear 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 Gildan Activewear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gildan Activewear 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 Gildan Activewear 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.Check out Historical Fundamental Analysis of Gildan Activewear to cross-verify your projections. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.