Gourmet Provisions Pink Sheet Forecast - Daily Balance Of Power
Gourmet Pink Sheet Forecast is based on your current time horizon.
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| Check Gourmet Provisions Volatility | Backtest Gourmet Provisions | Information Ratio |
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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Gourmet Provisions 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 Gourmet Provisions pink sheet to make a market-neutral strategy. Peer analysis of Gourmet Provisions could also be used in its relative valuation, which is a method of valuing Gourmet Provisions by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with Gourmet Provisions
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 Gourmet Provisions 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 Gourmet Provisions will appreciate offsetting losses from the drop in the long position's value.Moving against Gourmet Pink Sheet
| 0.47 | YUMC | Yum China Holdings | PairCorr |
| 0.42 | DRI | Darden Restaurants | PairCorr |
| 0.33 | SBUX | Starbucks | PairCorr |
| 0.33 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.33 | YUM | Yum Brands | PairCorr |
The ability to find closely correlated positions to Gourmet Provisions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gourmet Provisions 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 Gourmet Provisions - 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 Gourmet Provisions International to buy it.
The correlation of Gourmet Provisions 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 Gourmet Provisions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gourmet Provisions 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 Gourmet Provisions 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 Gourmet Pink Sheet Analysis
When running Gourmet Provisions' price analysis, check to measure Gourmet Provisions' 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 Gourmet Provisions is operating at the current time. Most of Gourmet Provisions' value examination focuses on studying past and present price action to predict the probability of Gourmet Provisions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gourmet Provisions' price. Additionally, you may evaluate how the addition of Gourmet Provisions to your portfolios can decrease your overall portfolio volatility.