Connecticut Light Pink Sheet Forecast - Daily Balance Of Power
| CNTHP Stock | USD 53.55 0.15 0.28% |
Connecticut Pink Sheet Forecast is based on your current time horizon.
Connecticut |
| Check Connecticut Light Volatility | Backtest Connecticut Light | Trend Details |
Connecticut Light Trading Date Momentum
| On August 23 2024 The Connecticut Light was traded for 54.01 at the closing time. The highest daily price throughout the period was 54.01 and the lowest price was 54.01 . There was no trading activity during the period 1.0. Lack of trading volume on 08/23/2024 added to the next day price gain. The overall trading delta to closing price of the next trading day was 1.43% . The trading price change to current closing price is 1.82% . |
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.
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Other Forecasting Options for Connecticut Light
For every potential investor in Connecticut, whether a beginner or expert, Connecticut Light's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Connecticut Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Connecticut. Basic forecasting techniques help filter out the noise by identifying Connecticut Light's price trends.Connecticut Light 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 Connecticut Light pink sheet to make a market-neutral strategy. Peer analysis of Connecticut Light could also be used in its relative valuation, which is a method of valuing Connecticut Light by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Connecticut Light Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Connecticut Light'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 Connecticut Light's current price.| Cycle Indicators | ||
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Connecticut Light Market Strength Events
Market strength indicators help investors to evaluate how Connecticut Light pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Connecticut Light shares will generate the highest return on investment. By undertsting and applying Connecticut Light pink sheet market strength indicators, traders can identify The Connecticut Light entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 53.55 | |||
| Day Typical Price | 53.55 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.15) |
Connecticut Light Risk Indicators
The analysis of Connecticut Light'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 Connecticut Light's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting connecticut pink sheet 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 | 3.01 | |||
| Semi Deviation | 5.78 | |||
| Standard Deviation | 8.77 | |||
| Variance | 77.0 | |||
| Downside Variance | 99.17 | |||
| Semi Variance | 33.46 | |||
| Expected Short fall | (5.23) |
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 Connecticut Light
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 Connecticut Light 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 Connecticut Light will appreciate offsetting losses from the drop in the long position's value.Moving against Connecticut Pink Sheet
The ability to find closely correlated positions to Connecticut Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Light 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 Connecticut Light - 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 The Connecticut Light to buy it.
The correlation of Connecticut Light 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 Connecticut Light moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Light 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 Connecticut Light 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 Connecticut Pink Sheet Analysis
When running Connecticut Light's price analysis, check to measure Connecticut Light'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 Connecticut Light is operating at the current time. Most of Connecticut Light's value examination focuses on studying past and present price action to predict the probability of Connecticut Light's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Connecticut Light's price. Additionally, you may evaluate how the addition of Connecticut Light to your portfolios can decrease your overall portfolio volatility.