Oak Valley Bancorp Stock Momentum Indicators Average Directional Movement Index
| OVLY Stock | USD 30.71 0.54 1.79% |
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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The average directional index (ADX) measures the strength of a prevailing trend of Oak Valley Bancorp and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Oak Valley 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
Oak Valley Technical Analysis Modules
Most technical analysis of Oak Valley 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 Oak from various momentum indicators to cycle indicators. When you analyze Oak 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 Oak Valley 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 Oak Valley Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oak Valley Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Oak Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oak Valley'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 Oak Valley's intrinsic value. In addition to deriving basic predictive indicators for Oak Valley, we also check how macroeconomic factors affect Oak Valley price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2023 (projected) | Dividend Yield | 0.0168 | 0.0108 | Price To Sales Ratio | 2.61 | 3.04 |
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Oak Valley Bancorp 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 Oak Valley 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 Oak Valley will appreciate offsetting losses from the drop in the long position's value.Oak Valley Pair Trading
Oak Valley Bancorp Pair Trading Analysis
The ability to find closely correlated positions to Oak Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oak Valley 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 Oak Valley - 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 Oak Valley Bancorp to buy it.
The correlation of Oak Valley 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 Oak Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oak Valley Bancorp 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 Oak Valley 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 Oak Stock Analysis
When running Oak Valley's price analysis, check to measure Oak Valley'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 Oak Valley is operating at the current time. Most of Oak Valley's value examination focuses on studying past and present price action to predict the probability of Oak Valley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oak Valley's price. Additionally, you may evaluate how the addition of Oak Valley to your portfolios can decrease your overall portfolio volatility.