Coronation Top Fund Forecast - Price Action Indicator
Investors can use prediction functions to forecast Coronation Top's fund prices and determine the direction of Coronation Top 20's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
Coronation Top 20 has current Price Action Indicator of 0. Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.Coronation |
| Check Coronation Top Volatility | Backtest Coronation Top | Information Ratio |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Coronation Top 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 Coronation Top fund to make a market-neutral strategy. Peer analysis of Coronation Top could also be used in its relative valuation, which is a method of valuing Coronation Top by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
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