Backstageplay Stock Forecast - Day Typical Price
| BP Stock | CAD 0.05 0.01 9.09% |
Backstageplay Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Backstageplay stock prices and determine the direction of Backstageplay's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Backstageplay's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Backstageplay's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Backstageplay's systematic risk associated with finding meaningful patterns of Backstageplay fundamentals over time.
Check out Historical Fundamental Analysis of Backstageplay to cross-verify your projections. Backstageplay |
Most investors in Backstageplay cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Backstageplay's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Backstageplay's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 0.05 | 0.05 |
| Check Backstageplay Volatility | Backtest Backstageplay | Information Ratio |
Backstageplay Trading Date Momentum
| On May 02 2024 Backstageplay was traded for 0.05 at the closing time. The top price for the day was 0.05 and the lowest listed price was 0.05 . There was no trading activity during the period 0.0. Lack of trading volume on May 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.00% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Backstageplay to competition |
Other Forecasting Options for Backstageplay
For every potential investor in Backstageplay, whether a beginner or expert, Backstageplay's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Backstageplay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Backstageplay. Basic forecasting techniques help filter out the noise by identifying Backstageplay's price trends.Backstageplay 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 Backstageplay stock to make a market-neutral strategy. Peer analysis of Backstageplay could also be used in its relative valuation, which is a method of valuing Backstageplay by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Backstageplay 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 Backstageplay'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 Backstageplay's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Backstageplay Market Strength Events
Market strength indicators help investors to evaluate how Backstageplay stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Backstageplay shares will generate the highest return on investment. By undertsting and applying Backstageplay stock market strength indicators, traders can identify Backstageplay entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 0.05 | |||
| Day Typical Price | 0.05 | |||
| Price Action Indicator | (0) | |||
| Period Momentum Indicator | (0.01) |
Backstageplay Risk Indicators
The analysis of Backstageplay'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 Backstageplay's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting backstageplay 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 | 0.7265 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 |
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 Backstageplay
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 Backstageplay 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 Backstageplay will appreciate offsetting losses from the drop in the long position's value.Moving against Backstageplay Stock
| 0.94 | RY-PH | Royal Bank | PairCorr |
| 0.93 | RY-PJ | Royal Bank | PairCorr |
| 0.92 | RY-PM | Royal Bank | PairCorr |
| 0.91 | RY-PS | Royal Bank | PairCorr |
| 0.8 | BOFA | Bank of America | PairCorr |
The ability to find closely correlated positions to Backstageplay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Backstageplay 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 Backstageplay - 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 Backstageplay to buy it.
The correlation of Backstageplay 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 Backstageplay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Backstageplay 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 Backstageplay 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 Historical Fundamental Analysis of Backstageplay to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Backstageplay Stock analysis
When running Backstageplay's price analysis, check to measure Backstageplay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Backstageplay is operating at the current time. Most of Backstageplay's value examination focuses on studying past and present price action to predict the probability of Backstageplay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Backstageplay's price. Additionally, you may evaluate how the addition of Backstageplay to your portfolios can decrease your overall portfolio volatility.
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