Payfare Stock Forecast - Relative Strength Index
| PAY Stock | CAD 2.15 0.10 4.88% |
Payfare Stock Forecast is based on your current time horizon. Although Payfare's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Payfare's systematic risk associated with finding meaningful patterns of Payfare fundamentals over time.
Payfare |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 21.62 | 21.62 |
| Check Payfare Volatility | Backtest Payfare | Information Ratio |
Payfare Trading Date Momentum
| On December 10 2024 Payfare was traded for 2.15 at the closing time. The maximum traded price for the trading interval was 2.16 and the lowest daily price was 2.05 . The daily volume was recorded at 174.9 K. The volume of trading on 10th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 4.19% . |
| Compare Payfare to competition |
Other Forecasting Options for Payfare
For every potential investor in Payfare, whether a beginner or expert, Payfare's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Payfare Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Payfare. Basic forecasting techniques help filter out the noise by identifying Payfare's price trends.Payfare 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 Payfare stock to make a market-neutral strategy. Peer analysis of Payfare could also be used in its relative valuation, which is a method of valuing Payfare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Payfare 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 Payfare'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 Payfare's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Payfare Market Strength Events
Market strength indicators help investors to evaluate how Payfare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Payfare shares will generate the highest return on investment. By undertsting and applying Payfare stock market strength indicators, traders can identify Payfare entry and exit signals to maximize returns.
Payfare Risk Indicators
The analysis of Payfare'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 Payfare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting payfare 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 | 3.15 | |||
| Standard Deviation | 9.78 | |||
| Variance | 95.57 |
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 Payfare
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 Payfare 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 Payfare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
The correlation of Payfare 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 Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare 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 Payfare 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 Payfare Stock
Payfare financial ratios help investors to determine whether Payfare 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 Payfare with respect to the benefits of owning Payfare security.