Air Asia (Taiwan) Momentum Indicators Average Directional Movement Index Rating
| 2630 Stock | TWD 30.30 0.20 0.66% |
| Symbol |
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of Air Asia is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret Air Asia ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.
Air Asia Technical Analysis Modules
Most technical analysis of Air Asia 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 Air from various momentum indicators to cycle indicators. When you analyze Air 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Air Asia 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 Air Asia Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Air Asia Co based on widely used predictive technical indicators. In general, we focus on analyzing Air Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Air Asia'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 Air Asia's intrinsic value. In addition to deriving basic predictive indicators for Air Asia, we also check how macroeconomic factors affect Air Asia price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Learn to be your own money manager
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?
Run Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
Air Asia 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 Air Asia 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 Air Asia will appreciate offsetting losses from the drop in the long position's value.Air Asia Pair Trading
Air Asia Co Pair Trading Analysis
The ability to find closely correlated positions to Air Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Asia 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 Air Asia - 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 Air Asia Co to buy it.
The correlation of Air Asia 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 Air Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Asia 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 Air Asia 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 Air Stock Analysis
When running Air Asia's price analysis, check to measure Air Asia'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 Air Asia is operating at the current time. Most of Air Asia's value examination focuses on studying past and present price action to predict the probability of Air Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Asia's price. Additionally, you may evaluate how the addition of Air Asia to your portfolios can decrease your overall portfolio volatility.