Cardinal Stock Forecast is based on your current time horizon. Although Cardinal Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cardinal Energy's systematic risk associated with finding meaningful patterns of Cardinal Energy fundamentals over time.
On October 18, 2024 Cardinal Energy had Accumulation Distribution of 13811.5. The accumulation distribution (A/D) indicator shows the degree to which Cardinal Energy is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Cardinal Energy to determine if accumulation or reduction is taking place in the market. This value is adjusted by Cardinal Energy trading volume to give more weight to distributions with higher volume over lower volume.
On October 21 2024 Cardinal Energy was traded for 6.36 at the closing time. The highest daily price throughout the period was 6.44 and the lowest price was 6.32 . The daily volume was 646.2 K. The net trading volume on 10/21/2024 added to the next day price boost. The overall trading delta to closing price of the next trading day was 0.16% . The overall trading delta to current closing price is 0.94% .
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
For every potential investor in Cardinal, whether a beginner or expert, Cardinal Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cardinal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cardinal. Basic forecasting techniques help filter out the noise by identifying Cardinal Energy's price trends.
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 Cardinal Energy stock to make a market-neutral strategy. Peer analysis of Cardinal Energy could also be used in its relative valuation, which is a method of valuing Cardinal Energy by comparing valuation metrics with similar companies.
Cardinal 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 Cardinal Energy'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 Cardinal Energy's current price.
Market strength indicators help investors to evaluate how Cardinal Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Energy shares will generate the highest return on investment. By undertsting and applying Cardinal Energy stock market strength indicators, traders can identify Cardinal Energy entry and exit signals to maximize returns.
The analysis of Cardinal Energy'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 Cardinal Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardinal 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.
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 Cardinal Energy
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 Cardinal Energy 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 Cardinal Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Cardinal Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Energy 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 Cardinal Energy - 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 Cardinal Energy to buy it.
The correlation of Cardinal Energy 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 Cardinal Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal 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 Cardinal Energy 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.
Cardinal Energy financial ratios help investors to determine whether Cardinal 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 Cardinal with respect to the benefits of owning Cardinal Energy security.