HCA Healthcare (UK) Momentum Indicators Average Directional Movement Index
| 0J1R Stock | 327.06 3.07 0.93% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The average directional index (ADX) measures the strength of a prevailing trend of HCA Healthcare and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low HCA Healthcare ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator
HCA Healthcare Technical Analysis Modules
Most technical analysis of HCA Healthcare help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for HCA from various momentum indicators to cycle indicators. When you analyze HCA charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About HCA Healthcare Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HCA Healthcare. We use our internally-developed statistical techniques to arrive at the intrinsic value of HCA Healthcare based on widely used predictive technical indicators. In general, we focus on analyzing HCA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build HCA Healthcare's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of HCA Healthcare's intrinsic value. In addition to deriving basic predictive indicators for HCA Healthcare, we also check how macroeconomic factors affect HCA Healthcare price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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HCA Healthcare pair trading
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 HCA Healthcare 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 HCA Healthcare will appreciate offsetting losses from the drop in the long position's value.HCA Healthcare Pair Trading
HCA Healthcare Pair Trading Analysis
The ability to find closely correlated positions to HCA Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HCA Healthcare 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 HCA Healthcare - 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 HCA Healthcare to buy it.
The correlation of HCA Healthcare 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 HCA Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HCA Healthcare 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 HCA Healthcare 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.Additional Tools for HCA Stock Analysis
When running HCA Healthcare's price analysis, check to measure HCA Healthcare'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 HCA Healthcare is operating at the current time. Most of HCA Healthcare's value examination focuses on studying past and present price action to predict the probability of HCA Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HCA Healthcare's price. Additionally, you may evaluate how the addition of HCA Healthcare to your portfolios can decrease your overall portfolio volatility.