Fairfax Fin Preferred Stock Forecast - Daily Balance Of Power
| FFH-PG Preferred Stock | CAD 21.69 0.01 0.05% |
Fairfax Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fairfax Fin stock prices and determine the direction of Fairfax Fin Hld's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fairfax Fin's historical fundamentals, such as revenue growth or operating cash flow patterns.
Fairfax |
| Check Fairfax Fin Volatility | Backtest Fairfax Fin | Trend Details |
Fairfax Fin Trading Date Momentum
| On May 03 2024 Fairfax Fin Hld was traded for 17.62 at the closing time. The highest price during the trading period was 17.68 and the lowest recorded bid was listed for 17.62 . The volume for the day was 321. This history from May 3, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.28% . The overall trading delta to the current price is 0.23% . |
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 Fairfax Fin
For every potential investor in Fairfax, whether a beginner or expert, Fairfax Fin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fairfax Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fairfax. Basic forecasting techniques help filter out the noise by identifying Fairfax Fin's price trends.Fairfax Fin 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 Fairfax Fin preferred stock to make a market-neutral strategy. Peer analysis of Fairfax Fin could also be used in its relative valuation, which is a method of valuing Fairfax Fin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fairfax Fin Hld Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fairfax Fin'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 Fairfax Fin's current price.| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |
Fairfax Fin Market Strength Events
Market strength indicators help investors to evaluate how Fairfax Fin preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fairfax Fin shares will generate the highest return on investment. By undertsting and applying Fairfax Fin preferred stock market strength indicators, traders can identify Fairfax Fin Hld entry and exit signals to maximize returns.
Fairfax Fin Risk Indicators
The analysis of Fairfax Fin'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 Fairfax Fin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fairfax preferred 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 | 0.7343 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.42 | |||
| Downside Variance | 0.2419 | |||
| Semi Variance | (0.22) | |||
| Expected Short fall | (0.96) |
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 Fairfax Fin
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 Fairfax Fin 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 Fairfax Fin will appreciate offsetting losses from the drop in the long position's value.Moving together with Fairfax Preferred Stock
| 0.99 | FFH-PF | Fairfax Financial | PairCorr |
| 0.92 | FFH-PD | Fairfax Financial | PairCorr |
| 0.99 | FFH-PH | Fairfax Financial | PairCorr |
| 0.99 | FFH-PJ | Fairfax Financial | PairCorr |
| 0.86 | FFH-PM | Fairfax Financial | PairCorr |
Moving against Fairfax Preferred Stock
| 0.76 | PFE | Pfizer Inc CDR | PairCorr |
| 0.59 | IFC-PE | Intact Financial Corp | PairCorr |
| 0.58 | ELF-PH | E L Financial | PairCorr |
The ability to find closely correlated positions to Fairfax Fin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Fin 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 Fairfax Fin - 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 Fairfax Fin Hld to buy it.
The correlation of Fairfax Fin 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 Fairfax Fin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Fin Hld 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 Fairfax Fin 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 Fairfax Preferred Stock
Fairfax Fin financial ratios help investors to determine whether Fairfax Preferred 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 Fairfax with respect to the benefits of owning Fairfax Fin security.