Argo Pantes (Indonesia) Momentum Indicators Average Directional Movement Index
| ARGO Stock | IDR 1,000.00 75.00 6.98% |
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The output start index for this execution was five with a total number of output elements of fifty-six. The average directional index (ADX) measures the strength of a prevailing trend of Argo Pantes Tbk and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Argo Pantes 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
Argo Pantes Technical Analysis Modules
Most technical analysis of Argo Pantes 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 Argo from various momentum indicators to cycle indicators. When you analyze Argo 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 Argo Pantes 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 Argo Pantes Tbk. We use our internally-developed statistical techniques to arrive at the intrinsic value of Argo Pantes Tbk based on widely used predictive technical indicators. In general, we focus on analyzing Argo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Argo Pantes'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 Argo Pantes's intrinsic value. In addition to deriving basic predictive indicators for Argo Pantes, we also check how macroeconomic factors affect Argo Pantes price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Argo Pantes Tbk 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 Argo Pantes 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 Argo Pantes will appreciate offsetting losses from the drop in the long position's value.Argo Pantes Pair Trading
Argo Pantes Tbk Pair Trading Analysis
The ability to find closely correlated positions to Argo Pantes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argo Pantes 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 Argo Pantes - 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 Argo Pantes Tbk to buy it.
The correlation of Argo Pantes 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 Argo Pantes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argo Pantes Tbk 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 Argo Pantes 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 Argo Stock
Argo Pantes financial ratios help investors to determine whether Argo 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 Argo with respect to the benefits of owning Argo Pantes security.