Daedong Gear (Korea) Momentum Indicators Average Directional Movement Index
| 008830 Stock | KRW 11,700 340.00 2.82% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. 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 Daedong Gear and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Daedong Gear 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
Daedong Gear Technical Analysis Modules
Most technical analysis of Daedong Gear 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 Daedong from various momentum indicators to cycle indicators. When you analyze Daedong 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 Daedong Gear 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 Daedong Gear Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Daedong Gear Co based on widely used predictive technical indicators. In general, we focus on analyzing Daedong Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Daedong Gear'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 Daedong Gear's intrinsic value. In addition to deriving basic predictive indicators for Daedong Gear, we also check how macroeconomic factors affect Daedong Gear price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Daedong Gear 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 Daedong Gear 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 Daedong Gear will appreciate offsetting losses from the drop in the long position's value.Daedong Gear Pair Trading
Daedong Gear Co Pair Trading Analysis
The ability to find closely correlated positions to Daedong Gear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daedong Gear 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 Daedong Gear - 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 Daedong Gear Co to buy it.
The correlation of Daedong Gear 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 Daedong Gear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daedong Gear 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 Daedong Gear 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 Daedong Stock
Daedong Gear financial ratios help investors to determine whether Daedong 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 Daedong with respect to the benefits of owning Daedong Gear security.