Crescent Point Stock Forecast - Daily Balance Of Power
| CPG Stock | CAD 11.72 0.04 0.34% |
Crescent Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Crescent Point stock prices and determine the direction of Crescent Point Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Crescent Point's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Crescent Point's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Crescent Point's systematic risk associated with finding meaningful patterns of Crescent Point fundamentals over time.
Check out Historical Fundamental Analysis of Crescent Point to cross-verify your projections. Crescent |
Most investors in Crescent Point cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Crescent Point's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Crescent Point's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Crescent Point Energy market sensitivity to bulls and bears. It estimates the ability of Crescent Point buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Crescent Point Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.56) | (0.21) |
| Check Crescent Point Volatility | Backtest Crescent Point | Information Ratio |
Crescent Point Trading Date Momentum
| On May 14 2024 Crescent Point Energy was traded for 11.72 at the closing time. The maximum traded price for the trading interval was 11.81 and the lowest daily price was 11.62 . The daily volume was recorded at 2.6 M. The volume of trading on 14th of May 2024 did not affect price variability. The overall trading delta to the closing price today is 0.43% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Crescent Point to competition |
Other Forecasting Options for Crescent Point
For every potential investor in Crescent, whether a beginner or expert, Crescent Point's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Crescent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Crescent. Basic forecasting techniques help filter out the noise by identifying Crescent Point's price trends.Crescent Point 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 Crescent Point stock to make a market-neutral strategy. Peer analysis of Crescent Point could also be used in its relative valuation, which is a method of valuing Crescent Point by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Crescent Point Energy 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 Crescent Point'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 Crescent Point's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Crescent Point Market Strength Events
Market strength indicators help investors to evaluate how Crescent Point stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Crescent Point shares will generate the highest return on investment. By undertsting and applying Crescent Point stock market strength indicators, traders can identify Crescent Point Energy entry and exit signals to maximize returns.
| Accumulation Distribution | 42208.94 | |||
| Daily Balance Of Power | (0.21) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.72 | |||
| Day Typical Price | 11.72 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.04) |
Crescent Point Risk Indicators
The analysis of Crescent Point'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 Crescent Point's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting crescent 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 | 1.18 | |||
| Semi Deviation | 0.9796 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.46 | |||
| Downside Variance | 2.34 | |||
| Semi Variance | 0.9596 | |||
| Expected Short fall | (1.35) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Crescent Point in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Crescent Point's short interest history, or implied volatility extrapolated from Crescent Point options trading.
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
| 0.85 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.71 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Crescent Stock
| 0.64 | TSLA | Tesla Inc CDR | PairCorr |
| 0.59 | HD | HOME DEPOT CDR Earnings Call Tomorrow | PairCorr |
| 0.56 | AMD | Advanced Micro Devices | PairCorr |
| 0.49 | VISA | Visa Inc CDR | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy 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 Crescent Point 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 Crescent Point to cross-verify your projections. Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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