Copa Holdings Stock Forecast - Period Momentum Indicator
| CPA Stock | USD 98.95 0.19 0.19% |
Copa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Copa Holdings stock prices and determine the direction of Copa Holdings SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Copa Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Copa Holdings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Copa Holdings' systematic risk associated with finding meaningful patterns of Copa Holdings fundamentals over time.
Check out Historical Fundamental Analysis of Copa Holdings to cross-verify your projections. Copa |
Open Interest Against 2024-05-17 Copa Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Copa Holdings' 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 Copa Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Copa Holdings 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 Copa Holdings' open interest, investors have to compare it to Copa Holdings' 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 Copa Holdings 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 Copa. 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 Copa Holdings 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 Copa Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Copa Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.19) | (0.19) |
| Check Copa Holdings Volatility | Backtest Copa Holdings | Information Ratio |
Copa Holdings Trading Date Momentum
| On April 26 2024 Copa Holdings SA was traded for 98.95 at the closing time. Highest Copa Holdings's price during the trading hours was 99.48 and the lowest price during the day was 97.78 . The net volume was 144 K. The overall trading history on the 26th of April did not affect price variability. The overall trading delta to current price is 0.39% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Copa Holdings to competition |
Other Forecasting Options for Copa Holdings
For every potential investor in Copa, whether a beginner or expert, Copa Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Copa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Copa. Basic forecasting techniques help filter out the noise by identifying Copa Holdings' price trends.View Copa Holdings Related Equities
| Risk & Return | Correlation |
Copa Holdings SA 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 Copa Holdings' 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 Copa Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Copa Holdings Market Strength Events
Market strength indicators help investors to evaluate how Copa Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Copa Holdings shares will generate the highest return on investment. By undertsting and applying Copa Holdings stock market strength indicators, traders can identify Copa Holdings SA entry and exit signals to maximize returns.
| Accumulation Distribution | 2461.26 | |||
| Daily Balance Of Power | (0.11) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 98.63 | |||
| Day Typical Price | 98.74 | |||
| Price Action Indicator | 0.23 | |||
| Period Momentum Indicator | (0.19) |
Copa Holdings Risk Indicators
The analysis of Copa Holdings' 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 Copa Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting copa 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 | 1.66 | |||
| Standard Deviation | 1.68 | |||
| Variance | 2.81 | |||
| Downside Variance | 3.1 | |||
| Semi Variance | 2.76 | |||
| Expected Short fall | (1.33) |
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 Copa Holdings
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 Copa Holdings 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 Copa Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Copa Stock
| 0.65 | CNI | Canadian National Railway Financial Report 23rd of July 2024 | PairCorr |
Moving against Copa Stock
| 0.59 | AZ | A2Z Smart Technologies | PairCorr |
| 0.5 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.43 | HA | Hawaiian Holdings | PairCorr |
| 0.42 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Copa Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copa Holdings 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 Copa Holdings - 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 Copa Holdings SA to buy it.
The correlation of Copa Holdings 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 Copa Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copa Holdings SA 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 Copa Holdings 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 Copa Holdings to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Copa Stock analysis
When running Copa Holdings' price analysis, check to measure Copa Holdings' 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 Copa Holdings is operating at the current time. Most of Copa Holdings' value examination focuses on studying past and present price action to predict the probability of Copa Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copa Holdings' price. Additionally, you may evaluate how the addition of Copa Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Copa Holdings' 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 Copa Holdings. If investors know Copa 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 Copa Holdings 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 1.039 | Dividend Share 3.28 | Earnings Share 12.89 | Revenue Per Share 86.095 | Quarterly Revenue Growth 0.03 |
The market value of Copa Holdings SA is measured differently than its book value, which is the value of Copa that is recorded on the company's balance sheet. Investors also form their own opinion of Copa Holdings' value that differs from its market value or its book value, called intrinsic value, which is Copa Holdings' 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 Copa Holdings' market value can be influenced by many factors that don't directly affect Copa Holdings' 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 Copa Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Copa Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copa Holdings' 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.