Endurance Gold Corp Stock Momentum Indicators Stochastic Relative Strength Index
| EDG Stock | CAD 0.13 0.01 7.14% |
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The output start index for this execution was fourty-eight with a total number of output elements of thirteen. The Stochastic Relative Strength Index compares Endurance Gold closing price in relationship to its price range over a given period of time. When the Endurance Gold Corp SRSI reaches up above the upper threshold line, the equity is considered overbought with anticipation a reversal of Endurance Gold trend.
Endurance Gold Technical Analysis Modules
Most technical analysis of Endurance Gold 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 Endurance from various momentum indicators to cycle indicators. When you analyze Endurance charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Endurance Gold Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Endurance Gold Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Endurance Gold Corp based on widely used predictive technical indicators. In general, we focus on analyzing Endurance Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Endurance Gold's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Endurance Gold's intrinsic value. In addition to deriving basic predictive indicators for Endurance Gold, we also check how macroeconomic factors affect Endurance Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | PB Ratio | 2.2 | 1.18 | Capex To Depreciation | 132.7 | 126.06 |
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Endurance Gold Corp pair trading
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 Endurance Gold 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 Endurance Gold will appreciate offsetting losses from the drop in the long position's value.Endurance Gold Pair Trading
Endurance Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Endurance Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endurance Gold 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 Endurance Gold - 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 Endurance Gold Corp to buy it.
The correlation of Endurance Gold 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 Endurance Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endurance Gold Corp 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 Endurance Gold 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 Endurance Stock Analysis
When running Endurance Gold's price analysis, check to measure Endurance Gold'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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.