EPlay Digital (Germany) Momentum Indicators Balance Of Power
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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 EPlay Digital market sensitivity to bulls and bears. It estimates the ability of ePlay Digital to push price to an extreme high or extreme low level. As a result, by monitoring EPlay Digital Balance of Power indicator one can determine a trend of the price direction
EPlay Digital Technical Analysis Modules
Most technical analysis of EPlay Digital 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 EPlay from various momentum indicators to cycle indicators. When you analyze EPlay 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 EPlay Digital 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 ePlay Digital. We use our internally-developed statistical techniques to arrive at the intrinsic value of ePlay Digital based on widely used predictive technical indicators. In general, we focus on analyzing EPlay Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build EPlay Digital'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 EPlay Digital's intrinsic value. In addition to deriving basic predictive indicators for EPlay Digital, we also check how macroeconomic factors affect EPlay Digital price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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ePlay Digital 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 EPlay Digital 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 EPlay Digital will appreciate offsetting losses from the drop in the long position's value.EPlay Digital Pair Trading
ePlay Digital Pair Trading Analysis
The ability to find closely correlated positions to EPlay Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPlay Digital 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 EPlay Digital - 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 ePlay Digital to buy it.
The correlation of EPlay Digital 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 EPlay Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ePlay Digital 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 EPlay Digital 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 EPlay Stock Analysis
When running EPlay Digital's price analysis, check to measure EPlay Digital'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 EPlay Digital is operating at the current time. Most of EPlay Digital's value examination focuses on studying past and present price action to predict the probability of EPlay Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlay Digital's price. Additionally, you may evaluate how the addition of EPlay Digital to your portfolios can decrease your overall portfolio volatility.