Crescent Point Stock Forecast - Rate Of Daily Change
| CPG Stock | USD 8.45 0.06 0.71% |
Crescent Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Crescent Point stock prices and determine the direction of Crescent Point Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Crescent Point's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Crescent Point's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Crescent Point's systematic risk associated with finding meaningful patterns of Crescent Point fundamentals over time.
Check out Historical Fundamental Analysis of Crescent Point to cross-verify your projections. Crescent |
Open Interest Against 2024-04-19 Crescent Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Crescent Point's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Crescent Point's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Crescent Point stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Crescent Point's open interest, investors have to compare it to Crescent Point's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Crescent Point is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Crescent. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Crescent Point 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 Crescent Point's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Crescent Point's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Crescent Point.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.99 | 0.99 |
| Check Crescent Point Volatility | Backtest Crescent Point | Information Ratio |
Crescent Point Trading Date Momentum
| On April 19 2024 Crescent Point Energy was traded for 8.45 at the closing time. Highest Crescent Point's price during the trading hours was 8.59 and the lowest price during the day was 8.37 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 1.07% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Crescent Point to competition |
Other Forecasting Options for Crescent Point
For every potential investor in Crescent, whether a beginner or expert, Crescent Point's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Crescent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Crescent. Basic forecasting techniques help filter out the noise by identifying Crescent Point's price trends.Crescent Point 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 Crescent Point stock to make a market-neutral strategy. Peer analysis of Crescent Point could also be used in its relative valuation, which is a method of valuing Crescent Point by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Crescent Point Energy 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 Crescent Point'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 Crescent Point's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Crescent Point Market Strength Events
Market strength indicators help investors to evaluate how Crescent Point stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Crescent Point shares will generate the highest return on investment. By undertsting and applying Crescent Point stock market strength indicators, traders can identify Crescent Point Energy entry and exit signals to maximize returns.
Crescent Point Risk Indicators
The analysis of Crescent Point'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 Crescent Point's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting crescent 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 | 1.23 | |||
| Semi Deviation | 0.9092 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.59 | |||
| Downside Variance | 1.89 | |||
| Semi Variance | 0.8266 | |||
| Expected Short fall | (1.47) |
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.
Crescent Point Investors Sentiment
The influence of Crescent Point's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Crescent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Crescent Point's public news can be used to forecast risks associated with an investment in Crescent. The trend in average sentiment can be used to explain how an investor holding Crescent can time the market purely based on public headlines and social activities around Crescent Point Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Crescent Point's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Crescent Point's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Crescent Point's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Crescent Point.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Crescent Point in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Crescent Point's short interest history, or implied volatility extrapolated from Crescent Point options trading.
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
| 0.97 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.98 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.96 | SD | SandRidge Energy | PairCorr |
| 0.98 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against Crescent Stock
| 0.73 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
| 0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy 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 Crescent Point 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 Crescent Point to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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Is Crescent Point's industry 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 Crescent Point. If investors know Crescent 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 Crescent Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.4 | Earnings Share 1.06 | Revenue Per Share 5.846 | Quarterly Revenue Growth 0.078 |
The market value of Crescent Point Energy is measured differently than its book value, which is the value of Crescent that is recorded on the company's balance sheet. Investors also form their own opinion of Crescent Point's value that differs from its market value or its book value, called intrinsic value, which is Crescent Point'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 Crescent Point's market value can be influenced by many factors that don't directly affect Crescent Point'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 Crescent Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crescent Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crescent Point'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.