Canada Goose Holdings Stock Technical Analysis
| GOOS Stock | CAD 13.10 0.15 1.13% |
As of the 24th of November, Canada Goose shows the Risk Adjusted Performance of (0.06), mean deviation of 1.9, and Standard Deviation of 2.75. Canada Goose Holdings technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Canada Goose Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canada, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanadaCanada |
Canada Goose technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Canada Goose Holdings Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Canada Goose Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canada Goose Holdings Trend Analysis
Use this graph to draw trend lines for Canada Goose Holdings. You can use it to identify possible trend reversals for Canada Goose as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canada Goose price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canada Goose Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canada Goose Holdings applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Canada Goose Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 43.79, which is the sum of squared deviations for the predicted Canada Goose price change compared to its average price change.About Canada Goose Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canada Goose Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canada Goose Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canada Goose Holdings price pattern first instead of the macroeconomic environment surrounding Canada Goose Holdings. By analyzing Canada Goose's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canada Goose's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canada Goose specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.11 | 0.096 | Price To Sales Ratio | 1.26 | 1.2 |
Canada Goose November 24, 2024 Technical Indicators
Most technical analysis of Canada 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 Canada from various momentum indicators to cycle indicators. When you analyze Canada charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (4.47) | |||
| Mean Deviation | 1.9 | |||
| Coefficient Of Variation | (1,166) | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.55 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (4.48) | |||
| Maximum Drawdown | 18.4 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.74 | |||
| Skewness | 0.1939 | |||
| Kurtosis | 3.17 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.