Premium Brands Stock Forecast - Market Facilitation Index
| PBH Stock | CAD 78.57 0.31 0.40% |
Premium Stock Forecast is based on your current time horizon. Although Premium Brands' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Premium Brands' systematic risk associated with finding meaningful patterns of Premium Brands fundamentals over time.
Premium |
| Check Premium Brands Volatility | Backtest Premium Brands | Information Ratio |
Premium Brands Trading Date Momentum
| On December 02 2024 Premium Brands Holdings was traded for 78.57 at the closing time. The maximum traded price for the trading interval was 79.22 and the lowest daily price was 78.44 . There was no trading activity during the period 0.0. Lack of trading volume on 2nd of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.83% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Premium Brands to competition |
Other Forecasting Options for Premium Brands
For every potential investor in Premium, whether a beginner or expert, Premium Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Premium Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Premium. Basic forecasting techniques help filter out the noise by identifying Premium Brands' price trends.Premium Brands 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 Premium Brands stock to make a market-neutral strategy. Peer analysis of Premium Brands could also be used in its relative valuation, which is a method of valuing Premium Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Premium Brands Holdings 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 Premium Brands' 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 Premium Brands' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Premium Brands Market Strength Events
Market strength indicators help investors to evaluate how Premium Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Premium Brands shares will generate the highest return on investment. By undertsting and applying Premium Brands stock market strength indicators, traders can identify Premium Brands Holdings entry and exit signals to maximize returns.
Premium Brands Risk Indicators
The analysis of Premium Brands' 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 Premium Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting premium 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 | 1.04 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.36 |
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 Premium Brands
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 Premium Brands 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 Premium Brands will appreciate offsetting losses from the drop in the long position's value.Moving against Premium Stock
| 0.78 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.76 | FFH-PD | Fairfax Financial | PairCorr |
| 0.73 | FFH-PM | Fairfax Financial | PairCorr |
| 0.67 | FFH | Fairfax Financial | PairCorr |
| 0.63 | FFH-PE | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Premium Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Brands 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 Premium Brands - 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 Premium Brands Holdings to buy it.
The correlation of Premium Brands 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 Premium Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Brands Holdings 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 Premium Brands 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 Premium Stock
Premium Brands financial ratios help investors to determine whether Premium 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 Premium with respect to the benefits of owning Premium Brands security.