Accelerate Canadian Fund Forecast - Day Median Price
Accelerate Fund Forecast is based on your current time horizon.
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The median price is the midpoint of the trading periods range.
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Accelerate Canadian 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 Accelerate Canadian fund to make a market-neutral strategy. Peer analysis of Accelerate Canadian could also be used in its relative valuation, which is a method of valuing Accelerate Canadian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with Accelerate Canadian
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 Accelerate Canadian 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 Accelerate Canadian will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hess 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 Hess - 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 Hess Corporation to buy it.
The correlation of Hess 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 Hess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hess 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 Hess 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Tools for Accelerate Fund
When running Accelerate Canadian's price analysis, check to measure Accelerate Canadian'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 Accelerate Canadian is operating at the current time. Most of Accelerate Canadian's value examination focuses on studying past and present price action to predict the probability of Accelerate Canadian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accelerate Canadian's price. Additionally, you may evaluate how the addition of Accelerate Canadian to your portfolios can decrease your overall portfolio volatility.
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