Banyan Gold Corp Stock Overlap Studies Bollinger Bands
| BYN Stock | CAD 0.21 0.02 8.70% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Banyan Gold middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Banyan Gold Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Banyan Gold Technical Analysis Modules
Most technical analysis of Banyan Gold 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 Banyan from various momentum indicators to cycle indicators. When you analyze Banyan 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 Banyan Gold 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 Banyan Gold Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Banyan Gold Corp based on widely used predictive technical indicators. In general, we focus on analyzing Banyan Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Banyan Gold's daily price indicators and compare them against related drivers, such as overlap studies 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 Banyan Gold's intrinsic value. In addition to deriving basic predictive indicators for Banyan Gold, we also check how macroeconomic factors affect Banyan Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 2.49 | 1.76 | 1.58 | 1.12 | Capex To Depreciation | 3.54 | 0.1 | 0.12 | 0.11 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Banyan Gold Corp 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 Banyan Gold 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 Banyan Gold will appreciate offsetting losses from the drop in the long position's value.Banyan Gold Pair Trading
Banyan Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Banyan Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banyan Gold 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 Banyan Gold - 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 Banyan Gold Corp to buy it.
The correlation of Banyan Gold 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 Banyan Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banyan Gold Corp 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 Banyan Gold 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 Banyan Stock Analysis
When running Banyan Gold's price analysis, check to measure Banyan Gold'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 Banyan Gold is operating at the current time. Most of Banyan Gold's value examination focuses on studying past and present price action to predict the probability of Banyan Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banyan Gold's price. Additionally, you may evaluate how the addition of Banyan Gold to your portfolios can decrease your overall portfolio volatility.