Synchrony Financial Stock Overlap Studies Bollinger Bands
| SYF-PB Stock | 26.04 0.13 0.50% |
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The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Synchrony Financial 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 Synchrony Financial. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Synchrony Financial Technical Analysis Modules
Most technical analysis of Synchrony Financial 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 Synchrony from various momentum indicators to cycle indicators. When you analyze Synchrony 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 Synchrony Financial 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 Synchrony Financial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Synchrony Financial based on widely used predictive technical indicators. In general, we focus on analyzing Synchrony Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Synchrony Financial'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 Synchrony Financial's intrinsic value. In addition to deriving basic predictive indicators for Synchrony Financial, we also check how macroeconomic factors affect Synchrony Financial 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) | Dividend Yield | 0.0207 | 0.0302 | 0.0279 | 0.0182 | Price To Sales Ratio | 2.57 | 0.99 | 2.1 | 2.26 |
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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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Synchrony Financial 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 Synchrony Financial 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 Synchrony Financial will appreciate offsetting losses from the drop in the long position's value.Synchrony Financial Pair Trading
Synchrony Financial Pair Trading Analysis
The ability to find closely correlated positions to Synchrony Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synchrony Financial 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 Synchrony Financial - 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 Synchrony Financial to buy it.
The correlation of Synchrony Financial 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 Synchrony Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synchrony Financial 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 Synchrony Financial 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchrony Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Synchrony Stock refer to our How to Trade Synchrony Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.