Eskay Mining Stock Forecast - Rate Of Daily Change
| ESK Stock | CAD 0.39 0.01 2.50% |
Eskay Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eskay Mining stock prices and determine the direction of Eskay Mining Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eskay Mining's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Eskay Mining's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eskay Mining's systematic risk associated with finding meaningful patterns of Eskay Mining fundamentals over time.
Check out Historical Fundamental Analysis of Eskay Mining to cross-verify your projections. Eskay |
Most investors in Eskay Mining 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 Eskay Mining's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eskay Mining'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 Eskay Mining.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.98 | 0.98 |
| Check Eskay Mining Volatility | Backtest Eskay Mining | Information Ratio |
Eskay Mining Trading Date Momentum
| On May 01 2024 Eskay Mining Corp was traded for 0.39 at the closing time. The highest daily price throughout the period was 0.40 and the lowest price was 0.39 . There was no trading activity during the period 0.0. Lack of trading volume on 05/01/2024 did not affect price variability. The overall trading delta to current closing price is 2.56% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Eskay Mining to competition |
Other Forecasting Options for Eskay Mining
For every potential investor in Eskay, whether a beginner or expert, Eskay Mining's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eskay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eskay. Basic forecasting techniques help filter out the noise by identifying Eskay Mining's price trends.Eskay Mining 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 Eskay Mining stock to make a market-neutral strategy. Peer analysis of Eskay Mining could also be used in its relative valuation, which is a method of valuing Eskay Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eskay Mining Corp 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 Eskay Mining'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 Eskay Mining's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eskay Mining Market Strength Events
Market strength indicators help investors to evaluate how Eskay Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eskay Mining shares will generate the highest return on investment. By undertsting and applying Eskay Mining stock market strength indicators, traders can identify Eskay Mining Corp entry and exit signals to maximize returns.
Eskay Mining Risk Indicators
The analysis of Eskay Mining'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 Eskay Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eskay 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 | 3.72 | |||
| Semi Deviation | 3.55 | |||
| Standard Deviation | 4.83 | |||
| Variance | 23.34 | |||
| Downside Variance | 22.37 | |||
| Semi Variance | 12.62 | |||
| Expected Short fall | (5.58) |
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 Eskay Mining
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 Eskay Mining 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 Eskay Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Eskay Stock
| 0.62 | SGR-U | Slate Grocery REIT Earnings Call This Week | PairCorr |
| 0.54 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to Eskay Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eskay Mining 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 Eskay Mining - 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 Eskay Mining Corp to buy it.
The correlation of Eskay Mining 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 Eskay Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eskay Mining Corp 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 Eskay Mining 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 Eskay Mining 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 Eskay Stock analysis
When running Eskay Mining's price analysis, check to measure Eskay Mining'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 Eskay Mining is operating at the current time. Most of Eskay Mining's value examination focuses on studying past and present price action to predict the probability of Eskay Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eskay Mining's price. Additionally, you may evaluate how the addition of Eskay Mining to your portfolios can decrease your overall portfolio volatility.
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