Imperial Oil Stock Forecast - Daily Balance Of Power

IMO Stock  USD 63.05  0.05  0.08%   
Imperial Stock Forecast is based on your current time horizon.
  
On December 23, 2024 Imperial Oil had Daily Balance Of Power of 0.6443. Balance of Power indicator (or BOP) measures the strength of Imperial Oil market sensitivity to bulls and bears. It estimates the ability of Imperial Oil buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Imperial Oil Balance of Power indicator one can determine a trend of the price direction.
Check Imperial Oil VolatilityBacktest Imperial OilTrend Details  

Imperial Oil Trading Date Momentum

On December 24 2024 Imperial Oil was traded for  63.00  at the closing time. Highest Imperial Oil's price during the trading hours was 63.18  and the lowest price during the day was  61.95 . The net volume was 256.9 K. The overall trading history on the 24th of December contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.93% . The trading delta at closing time to current price is 0.88% .
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 Imperial Oil

For every potential investor in Imperial, whether a beginner or expert, Imperial Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Imperial Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Imperial. Basic forecasting techniques help filter out the noise by identifying Imperial Oil's price trends.

Imperial Oil 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 Imperial Oil stock to make a market-neutral strategy. Peer analysis of Imperial Oil could also be used in its relative valuation, which is a method of valuing Imperial Oil by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Imperial Oil 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 Imperial Oil'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 Imperial Oil's current price.

Imperial Oil Market Strength Events

Market strength indicators help investors to evaluate how Imperial Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Imperial Oil shares will generate the highest return on investment. By undertsting and applying Imperial Oil stock market strength indicators, traders can identify Imperial Oil entry and exit signals to maximize returns.

Imperial Oil Risk Indicators

The analysis of Imperial Oil'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 Imperial Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting imperial 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.
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 Imperial Oil

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 Imperial Oil 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 Imperial Oil will appreciate offsetting losses from the drop in the long position's value.

Moving together with Imperial Stock

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Moving against Imperial Stock

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The ability to find closely correlated positions to Imperial Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Oil 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 Imperial Oil - 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 Imperial Oil to buy it.
The correlation of Imperial Oil 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 Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil 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 Imperial Oil 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.
Pair CorrelationCorrelation Matching
When determining whether Imperial Oil offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Imperial Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Imperial Oil Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Imperial Oil Stock:
Check out Historical Fundamental Analysis of Imperial Oil to cross-verify your projections.
To learn how to invest in Imperial Stock, please use our How to Invest in Imperial Oil guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Imperial Oil. If investors know Imperial will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Imperial Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
2.3
Earnings Share
6.34
Revenue Per Share
96.177
Quarterly Revenue Growth
(0.05)
The market value of Imperial Oil is measured differently than its book value, which is the value of Imperial that is recorded on the company's balance sheet. Investors also form their own opinion of Imperial Oil's value that differs from its market value or its book value, called intrinsic value, which is Imperial Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Imperial Oil's market value can be influenced by many factors that don't directly affect Imperial Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Imperial Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imperial Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imperial Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.