Autus Prime (South Africa) Momentum Indicators Balance Of Power
| 0P0000IR2V | 4.31 0.03 0.70% |
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was zero with a total number of output elements of sixty-one. The Balance Of Power measures the strength of Autus Prime market sensitivity to bulls and bears. It estimates the ability of Autus Prime Balanced to push price to an extreme high or extreme low level. As a result, by monitoring Autus Prime Balance of Power indicator one can determine a trend of the price direction
Autus Prime Technical Analysis Modules
Most technical analysis of Autus Prime 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 Autus from various momentum indicators to cycle indicators. When you analyze Autus 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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Autus Prime Balanced 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 Autus Prime 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 Autus Prime will appreciate offsetting losses from the drop in the long position's value.Autus Prime Pair Trading
Autus Prime Balanced Pair Trading Analysis
The ability to find closely correlated positions to Autus Prime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autus Prime 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 Autus Prime - 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 Autus Prime Balanced to buy it.
The correlation of Autus Prime 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 Autus Prime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autus Prime Balanced 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 Autus Prime 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.| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |