IGM Financial Stock Forecast - Accumulation Distribution
| IGM Stock | CAD 47.05 0.14 0.30% |
IGM Stock Forecast is based on your current time horizon. Although IGM Financial's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of IGM Financial's systematic risk associated with finding meaningful patterns of IGM Financial fundamentals over time.
IGM |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 9136.85 | 6265.54 |
| Check IGM Financial Volatility | Backtest IGM Financial | Trend Details |
IGM Financial Trading Date Momentum
| On November 21 2024 IGM Financial was traded for 47.19 at the closing time. The maximum traded price for the trading interval was 47.58 and the lowest daily price was 46.76 . The daily volume was recorded at 323.4 K. The volume of trading on 21st of November 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.43% . The trading delta at closing time to the closing price today is 0.55% . |
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
| Compare IGM Financial to competition |
Other Forecasting Options for IGM Financial
For every potential investor in IGM, whether a beginner or expert, IGM Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IGM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IGM. Basic forecasting techniques help filter out the noise by identifying IGM Financial's price trends.IGM Financial 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 IGM Financial stock to make a market-neutral strategy. Peer analysis of IGM Financial could also be used in its relative valuation, which is a method of valuing IGM Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IGM Financial 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 IGM Financial'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 IGM Financial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IGM Financial Market Strength Events
Market strength indicators help investors to evaluate how IGM Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IGM Financial shares will generate the highest return on investment. By undertsting and applying IGM Financial stock market strength indicators, traders can identify IGM Financial entry and exit signals to maximize returns.
IGM Financial Risk Indicators
The analysis of IGM Financial'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 IGM Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting igm 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 | 0.7198 | |||
| Semi Deviation | 0.4056 | |||
| Standard Deviation | 0.9253 | |||
| Variance | 0.8563 | |||
| Downside Variance | 0.6793 | |||
| Semi Variance | 0.1645 | |||
| Expected Short fall | (0.91) |
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 IGM Financial
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 IGM Financial 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 IGM Financial will appreciate offsetting losses from the drop in the long position's value.Moving against IGM Stock
The ability to find closely correlated positions to IGM Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGM Financial 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 IGM Financial - 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 IGM Financial to buy it.
The correlation of IGM Financial 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 IGM Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IGM Financial 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 IGM Financial 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 IGM Stock
IGM Financial financial ratios help investors to determine whether IGM 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 IGM with respect to the benefits of owning IGM Financial security.