Greenfire Resources Stock Statistic Functions Standard Deviation
| GFR Stock | 10.01 0.26 2.53% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. Greenfire Resources Standard Deviation measures the spread of Greenfire Resources time series from expected value (the mean).
Greenfire Resources Technical Analysis Modules
Most technical analysis of Greenfire Resources 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 Greenfire from various momentum indicators to cycle indicators. When you analyze Greenfire 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 Greenfire Resources 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 Greenfire Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Greenfire Resources based on widely used predictive technical indicators. In general, we focus on analyzing Greenfire Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Greenfire Resources'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 Greenfire Resources's intrinsic value. In addition to deriving basic predictive indicators for Greenfire Resources, we also check how macroeconomic factors affect Greenfire Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2010 | 2023 | 2024 (projected) | Dividend Yield | 0.17 | 0.15 | 0.14 | Price To Sales Ratio | 1.96 | 0.52 | 0.49 |
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Greenfire Resources 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 Greenfire Resources 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.Greenfire Resources Pair Trading
Greenfire Resources Pair Trading Analysis
The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources 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 Greenfire Resources - 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 Greenfire Resources to buy it.
The correlation of Greenfire Resources 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources 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 Greenfire Resources 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.