Canada Goose Stock Forecast - Market Facilitation Index
| GOOS Stock | CAD 14.52 0.02 0.14% |
Canada Stock Forecast is based on your current time horizon. Although Canada Goose's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Canada Goose's systematic risk associated with finding meaningful patterns of Canada Goose fundamentals over time.
Canada |
| Check Canada Goose Volatility | Backtest Canada Goose | Trend Details |
Canada Goose Trading Date Momentum
| On December 23 2024 Canada Goose Holdings was traded for 14.50 at the closing time. The highest price during the trading period was 14.75 and the lowest recorded bid was listed for 14.33 . The volume for the day was 193.2 K. This history from December 23, 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 0.55% . |
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.
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Other Forecasting Options for Canada Goose
For every potential investor in Canada, whether a beginner or expert, Canada Goose's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canada Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canada. Basic forecasting techniques help filter out the noise by identifying Canada Goose's price trends.Canada Goose 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 Canada Goose stock to make a market-neutral strategy. Peer analysis of Canada Goose could also be used in its relative valuation, which is a method of valuing Canada Goose by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canada Goose 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 Canada Goose'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 Canada Goose's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Canada Goose Market Strength Events
Market strength indicators help investors to evaluate how Canada Goose stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canada Goose shares will generate the highest return on investment. By undertsting and applying Canada Goose stock market strength indicators, traders can identify Canada Goose Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 2077.96 | |||
| Daily Balance Of Power | 0.08 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 14.57 | |||
| Day Typical Price | 14.55 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | 0.02 |
Canada Goose Risk Indicators
The analysis of Canada Goose'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 Canada Goose's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canada 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 | 1.83 | |||
| Semi Deviation | 2.51 | |||
| Standard Deviation | 2.69 | |||
| Variance | 7.25 | |||
| Downside Variance | 6.76 | |||
| Semi Variance | 6.29 | |||
| Expected Short fall | (2.02) |
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 Canada Goose
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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.Moving against Canada Stock
| 0.8 | FSZ | Fiera Capital | PairCorr |
| 0.76 | RY-PM | Royal Bank | PairCorr |
| 0.72 | DFN | Dividend 15 Split | PairCorr |
| 0.71 | NVDA | NVIDIA CDR | PairCorr |
| 0.66 | EIF | Exchange Income | PairCorr |
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose 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 Canada Goose 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 Historical Fundamental Analysis of Canada Goose to cross-verify your projections. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.