Cenovus Energy 525 Price Transform Average Price
| 15135UAP4 | 98.89 6.01 6.47% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Cenovus Energy 525 Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Cenovus Technical Analysis Modules
Most technical analysis of Cenovus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cenovus from various momentum indicators to cycle indicators. When you analyze Cenovus charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Cenovus Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cenovus Energy 525. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cenovus Energy 525 based on widely used predictive technical indicators. In general, we focus on analyzing Cenovus Bond price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cenovus's daily price indicators and compare them against related drivers, such as price transform and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Cenovus's intrinsic value. In addition to deriving basic predictive indicators for Cenovus, we also check how macroeconomic factors affect Cenovus price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Cenovus Energy 525 pair trading
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 Cenovus 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 Cenovus will appreciate offsetting losses from the drop in the long position's value.Cenovus Pair Trading
Cenovus Energy 525 Pair Trading Analysis
The ability to find closely correlated positions to Cenovus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus 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 Cenovus - 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 Cenovus Energy 525 to buy it.
The correlation of Cenovus 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 Cenovus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy 525 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 Cenovus 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 Cenovus Bond
Cenovus financial ratios help investors to determine whether Cenovus Bond 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 Cenovus with respect to the benefits of owning Cenovus security.