Grande Portage Resources Stock Volatility Indicators Average True Range
| GPG Stock | CAD 0.22 0.01 4.35% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Grande Portage Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grande Portage Technical Analysis Modules
Most technical analysis of Grande Portage help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Grande from various momentum indicators to cycle indicators. When you analyze Grande charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Grande Portage Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Grande Portage Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Grande Portage Resources based on widely used predictive technical indicators. In general, we focus on analyzing Grande Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Grande Portage's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Grande Portage's intrinsic value. In addition to deriving basic predictive indicators for Grande Portage, we also check how macroeconomic factors affect Grande Portage price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Current Ratio | 0.48 | 0.46 | Net Debt To EBITDA | 0.18 | 0.17 |
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Grande Portage Resources pair trading
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 Grande Portage 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 Grande Portage will appreciate offsetting losses from the drop in the long position's value.Grande Portage Pair Trading
Grande Portage Resources Pair Trading Analysis
The ability to find closely correlated positions to Grande Portage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grande Portage 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 Grande Portage - 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 Grande Portage Resources to buy it.
The correlation of Grande Portage 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 Grande Portage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grande Portage Resources 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 Grande Portage 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.Additional Tools for Grande Stock Analysis
When running Grande Portage's price analysis, check to measure Grande Portage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grande Portage is operating at the current time. Most of Grande Portage's value examination focuses on studying past and present price action to predict the probability of Grande Portage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grande Portage's price. Additionally, you may evaluate how the addition of Grande Portage to your portfolios can decrease your overall portfolio volatility.