MAGNUM MINING (Germany) Momentum Indicators Average Directional Movement Index
| M8Z Stock | EUR 0.06 0.00 0.00% |
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Illegal number of arguments. 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 MAGNUM MINING EXP and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low MAGNUM MINING 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
MAGNUM MINING Technical Analysis Modules
Most technical analysis of MAGNUM MINING 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 MAGNUM from various momentum indicators to cycle indicators. When you analyze MAGNUM 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 MAGNUM MINING 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 MAGNUM MINING EXP. We use our internally-developed statistical techniques to arrive at the intrinsic value of MAGNUM MINING EXP based on widely used predictive technical indicators. In general, we focus on analyzing MAGNUM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MAGNUM MINING'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 MAGNUM MINING's intrinsic value. In addition to deriving basic predictive indicators for MAGNUM MINING, we also check how macroeconomic factors affect MAGNUM MINING price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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MAGNUM MINING EXP 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 MAGNUM 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 MAGNUM MINING will appreciate offsetting losses from the drop in the long position's value.MAGNUM MINING Pair Trading
MAGNUM MINING EXP Pair Trading Analysis
The ability to find closely correlated positions to MAGNUM 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 MAGNUM 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 MAGNUM 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 MAGNUM MINING EXP to buy it.
The correlation of MAGNUM 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 MAGNUM MINING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAGNUM MINING EXP 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 MAGNUM 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.Other Information on Investing in MAGNUM Stock
MAGNUM MINING financial ratios help investors to determine whether MAGNUM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MAGNUM with respect to the benefits of owning MAGNUM MINING security.