Geodrill Stock Forecast - Daily Balance Of Power
| GEO Stock | CAD 3.02 0.01 0.33% |
Geodrill Stock Forecast is based on your current time horizon. Although Geodrill's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Geodrill's systematic risk associated with finding meaningful patterns of Geodrill fundamentals over time.
Geodrill |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.33) | (1.00) |
| Check Geodrill Volatility | Backtest Geodrill | Trend Details |
Geodrill Trading Date Momentum
| On May 17 2024 Geodrill Limited was traded for 2.22 at the closing time. The maximum traded price for the trading interval was 2.28 and the lowest daily price was 2.21 . The daily volume was recorded at 9.6 K. The volume of trading on 17th of May 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.45% . The overall trading delta to the closing price today is 1.35% . |
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 Geodrill
For every potential investor in Geodrill, whether a beginner or expert, Geodrill's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Geodrill Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Geodrill. Basic forecasting techniques help filter out the noise by identifying Geodrill's price trends.Geodrill 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 Geodrill stock to make a market-neutral strategy. Peer analysis of Geodrill could also be used in its relative valuation, which is a method of valuing Geodrill by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Geodrill Limited 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 Geodrill'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 Geodrill's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Geodrill Market Strength Events
Market strength indicators help investors to evaluate how Geodrill stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Geodrill shares will generate the highest return on investment. By undertsting and applying Geodrill stock market strength indicators, traders can identify Geodrill Limited entry and exit signals to maximize returns.
Geodrill Risk Indicators
The analysis of Geodrill'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 Geodrill's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting geodrill 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 | 1.49 | |||
| Semi Deviation | 1.64 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.11 | |||
| Downside Variance | 4.52 | |||
| Semi Variance | 2.7 | |||
| Expected Short fall | (1.87) |
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 Geodrill
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 Geodrill 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 Geodrill will appreciate offsetting losses from the drop in the long position's value.Moving against Geodrill Stock
| 0.58 | ORE | Orezone Gold Corp | PairCorr |
| 0.58 | INFM | Infinico Metals Corp | PairCorr |
| 0.55 | FDY | Faraday Copper Corp | PairCorr |
| 0.52 | TKU | Tarku Resources | PairCorr |
| 0.41 | MAC | Themac Resources | PairCorr |
The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill 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 Geodrill - 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 Geodrill Limited to buy it.
The correlation of Geodrill 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 Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited 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 Geodrill 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.Other Information on Investing in Geodrill Stock
Geodrill financial ratios help investors to determine whether Geodrill 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 Geodrill with respect to the benefits of owning Geodrill security.