Contango Ore Stock Statistic Functions Beta
| CTGO Stock | USD 9.98 0.16 1.63% |
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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Contango ORE correlated with the market. If Beta is less than 0 Contango ORE generally moves in the opposite direction as compared to the market. If Contango ORE Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Contango ORE is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Contango ORE is generally in the same direction as the market. If Beta > 1 Contango ORE moves generally in the same direction as, but more than the movement of the benchmark.
Contango ORE Technical Analysis Modules
Most technical analysis of Contango ORE 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 Contango from various momentum indicators to cycle indicators. When you analyze Contango 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 Contango ORE 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 Contango ORE. We use our internally-developed statistical techniques to arrive at the intrinsic value of Contango ORE based on widely used predictive technical indicators. In general, we focus on analyzing Contango Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Contango ORE's daily price indicators and compare them against related drivers, such as statistic functions 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 Contango ORE's intrinsic value. In addition to deriving basic predictive indicators for Contango ORE, we also check how macroeconomic factors affect Contango ORE price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Contango ORE 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 Contango ORE 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 Contango ORE will appreciate offsetting losses from the drop in the long position's value.Contango ORE Pair Trading
Contango ORE Pair Trading Analysis
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Diversified Metals & Mining 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 Contango ORE. If investors know Contango 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 Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE'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 Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE'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 Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE'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.