Kinross Gold Stock Forecast - Daily Balance Of Power
| K Stock | CAD 13.71 0.15 1.08% |
Kinross Stock Forecast is based on your current time horizon. Although Kinross Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Kinross Gold's systematic risk associated with finding meaningful patterns of Kinross Gold fundamentals over time.
Kinross |
| Check Kinross Gold Volatility | Backtest Kinross Gold | Trend Details |
Kinross Gold Trading Date Momentum
| On September 18 2024 Kinross Gold Corp was traded for 12.52 at the closing time. The top price for the day was 13.05 and the lowest listed price was 12.42 . The trading volume for the day was 4.5 M. The trading history from September 18, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.73% . The trading delta at closing time against the current closing price is 1.81% . |
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 Kinross Gold
For every potential investor in Kinross, whether a beginner or expert, Kinross Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kinross Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kinross. Basic forecasting techniques help filter out the noise by identifying Kinross Gold's price trends.Kinross Gold 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 Kinross Gold stock to make a market-neutral strategy. Peer analysis of Kinross Gold could also be used in its relative valuation, which is a method of valuing Kinross Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kinross Gold Corp 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 Kinross Gold'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 Kinross Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kinross Gold Market Strength Events
Market strength indicators help investors to evaluate how Kinross Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kinross Gold shares will generate the highest return on investment. By undertsting and applying Kinross Gold stock market strength indicators, traders can identify Kinross Gold Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 136252.0 | |||
| Daily Balance Of Power | (0.26) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 13.78 | |||
| Day Typical Price | 13.76 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.15) | |||
| Relative Strength Index | 37.42 |
Kinross Gold Risk Indicators
The analysis of Kinross Gold'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 Kinross Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kinross 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 | 1.9 | |||
| Semi Deviation | 2.47 | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.42 | |||
| Downside Variance | 7.8 | |||
| Semi Variance | 6.12 | |||
| Expected Short fall | (1.94) |
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 Kinross Gold
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 Kinross Gold 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 Kinross Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Kinross Stock
| 0.9 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | FDY | Faraday Copper Corp | PairCorr |
Moving against Kinross Stock
The ability to find closely correlated positions to Kinross Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kinross Gold 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 Kinross Gold - 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 Kinross Gold Corp to buy it.
The correlation of Kinross Gold 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 Kinross Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kinross Gold Corp 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 Kinross Gold 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 Kinross Stock
Kinross Gold financial ratios help investors to determine whether Kinross 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 Kinross with respect to the benefits of owning Kinross Gold security.