BioSenic (Belgium) Momentum Indicators Average Directional Movement Index
| BIOS Stock | 0.01 0.0005 8.93% |
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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 BioSenic SA and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low BioSenic 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
BioSenic Technical Analysis Modules
Most technical analysis of BioSenic 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 BioSenic from various momentum indicators to cycle indicators. When you analyze BioSenic 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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BioSenic SA 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 BioSenic 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 BioSenic will appreciate offsetting losses from the drop in the long position's value.BioSenic Pair Trading
BioSenic SA Pair Trading Analysis
The ability to find closely correlated positions to BioSenic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioSenic 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 BioSenic - 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 BioSenic SA to buy it.
The correlation of BioSenic 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 BioSenic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioSenic SA 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 BioSenic 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 BioSenic Stock Analysis
When running BioSenic's price analysis, check to measure BioSenic'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 BioSenic is operating at the current time. Most of BioSenic's value examination focuses on studying past and present price action to predict the probability of BioSenic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioSenic's price. Additionally, you may evaluate how the addition of BioSenic to your portfolios can decrease your overall portfolio volatility.