Canadian Pacific Stock Forecast - Rate Of Daily Change
| CP Stock | USD 81.93 5.79 6.60% |
Canadian Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Canadian Pacific stock prices and determine the direction of Canadian Pacific Railway's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Canadian Pacific's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Canadian Pacific's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Canadian Pacific's systematic risk associated with finding meaningful patterns of Canadian Pacific fundamentals over time.
Check out Historical Fundamental Analysis of Canadian Pacific to cross-verify your projections. Canadian |
Open Interest Against 2024-05-17 Canadian Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Canadian Pacific'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 Canadian Pacific's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Canadian Pacific 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 Canadian Pacific's open interest, investors have to compare it to Canadian Pacific'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 Canadian Pacific 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 Canadian. 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 Canadian Pacific 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 Canadian Pacific's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Canadian Pacific'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 Canadian Pacific.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 1.01 | 0.93 |
| Check Canadian Pacific Volatility | Backtest Canadian Pacific | Information Ratio |
Canadian Pacific Trading Date Momentum
| On April 24 2024 Canadian Pacific Railway was traded for 81.93 at the closing time. The highest price during the trading period was 87.03 and the lowest recorded bid was listed for 81.71 . The volume for the day was 6 M. This history from April 24, 2024 did not affect price variability. The overall trading delta to the current price is 6.22% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Canadian Pacific to competition |
Other Forecasting Options for Canadian Pacific
For every potential investor in Canadian, whether a beginner or expert, Canadian Pacific's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canadian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canadian. Basic forecasting techniques help filter out the noise by identifying Canadian Pacific's price trends.Canadian Pacific 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 Canadian Pacific stock to make a market-neutral strategy. Peer analysis of Canadian Pacific could also be used in its relative valuation, which is a method of valuing Canadian Pacific by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Canadian Pacific Railway 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 Canadian Pacific'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 Canadian Pacific's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Canadian Pacific Market Strength Events
Market strength indicators help investors to evaluate how Canadian Pacific stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Pacific shares will generate the highest return on investment. By undertsting and applying Canadian Pacific stock market strength indicators, traders can identify Canadian Pacific Railway entry and exit signals to maximize returns.
| Accumulation Distribution | 365618.0 | |||
| Daily Balance Of Power | (1.09) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 84.37 | |||
| Day Typical Price | 83.56 | |||
| Price Action Indicator | (5.33) | |||
| Period Momentum Indicator | (5.79) | |||
| Relative Strength Index | 21.47 |
Canadian Pacific Risk Indicators
The analysis of Canadian Pacific'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 Canadian Pacific's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canadian 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 | 0.8909 | |||
| Semi Deviation | 0.7883 | |||
| Standard Deviation | 1.14 | |||
| Variance | 1.3 | |||
| Downside Variance | 0.9888 | |||
| Semi Variance | 0.6215 | |||
| Expected Short fall | (1.03) |
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 Canadian Pacific
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 Canadian Pacific 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 Canadian Pacific will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.82 | ATSG | Air Transport Services Financial Report 2nd of May 2024 | PairCorr |
| 0.75 | MESA | Mesa Air Group Financial Report 14th of May 2024 | PairCorr |
| 0.66 | SAVE | Spirit Airlines | PairCorr |
| 0.62 | VLRS | Volaris | PairCorr |
| 0.55 | HA | Hawaiian Holdings | PairCorr |
The ability to find closely correlated positions to Canadian Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Pacific 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 Canadian Pacific - 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 Canadian Pacific Railway to buy it.
The correlation of Canadian Pacific 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 Canadian Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Pacific Railway 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 Canadian Pacific 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 Canadian Pacific to cross-verify your projections. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Canadian Stock analysis
When running Canadian Pacific's price analysis, check to measure Canadian Pacific'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 Canadian Pacific is operating at the current time. Most of Canadian Pacific's value examination focuses on studying past and present price action to predict the probability of Canadian Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Pacific's price. Additionally, you may evaluate how the addition of Canadian Pacific to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Pacific'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 Canadian Pacific. If investors know Canadian 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 Canadian Pacific 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 (0.19) | Dividend Share 0.76 | Earnings Share 3.06 | Revenue Per Share 13.481 | Quarterly Revenue Growth 0.534 |
The market value of Canadian Pacific Railway is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Pacific's value that differs from its market value or its book value, called intrinsic value, which is Canadian Pacific'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 Canadian Pacific's market value can be influenced by many factors that don't directly affect Canadian Pacific'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 Canadian Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Pacific'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.