Tung Ho (Taiwan) Math Transform Inverse Tangent Over Price Movement
2006 Stock | TWD 73.50 1.00 1.38% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Tung Ho Steel Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Tung Ho price patterns.
Tung Ho Technical Analysis Modules
Most technical analysis of Tung Ho 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 Tung from various momentum indicators to cycle indicators. When you analyze Tung 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 Tung Ho 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 Tung Ho Steel. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tung Ho Steel based on widely used predictive technical indicators. In general, we focus on analyzing Tung Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tung Ho's daily price indicators and compare them against related drivers, such as math transform 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 Tung Ho's intrinsic value. In addition to deriving basic predictive indicators for Tung Ho, we also check how macroeconomic factors affect Tung Ho price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Tung Ho Steel 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 Tung Ho 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 Tung Ho will appreciate offsetting losses from the drop in the long position's value.Tung Ho Pair Trading
Tung Ho Steel Pair Trading Analysis
The ability to find closely correlated positions to Tung Ho could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tung Ho 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 Tung Ho - 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 Tung Ho Steel to buy it.
The correlation of Tung Ho 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 Tung Ho moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tung Ho Steel 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 Tung Ho 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 Tung Stock Analysis
When running Tung Ho's price analysis, check to measure Tung Ho'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 Tung Ho is operating at the current time. Most of Tung Ho's value examination focuses on studying past and present price action to predict the probability of Tung Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Ho's price. Additionally, you may evaluate how the addition of Tung Ho to your portfolios can decrease your overall portfolio volatility.