CCL Products (India) Momentum Indicators Average Directional Movement Index
| CCL Stock | 747.65 7.10 0.96% |
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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The average directional index (ADX) measures the strength of a prevailing trend of CCL Products Limited and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low CCL Products 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
CCL Products Technical Analysis Modules
Most technical analysis of CCL Products 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 CCL from various momentum indicators to cycle indicators. When you analyze CCL 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 CCL Products 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 CCL Products Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of CCL Products Limited based on widely used predictive technical indicators. In general, we focus on analyzing CCL Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CCL Products'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 CCL Products's intrinsic value. In addition to deriving basic predictive indicators for CCL Products, we also check how macroeconomic factors affect CCL Products price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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CCL Products Limited 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 CCL Products 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 CCL Products will appreciate offsetting losses from the drop in the long position's value.CCL Products Pair Trading
CCL Products Limited Pair Trading Analysis
The ability to find closely correlated positions to CCL Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CCL Products 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 CCL Products - 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 CCL Products Limited to buy it.
The correlation of CCL Products 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 CCL Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCL Products Limited 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 CCL Products 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 CCL Stock
CCL Products financial ratios help investors to determine whether CCL 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 CCL with respect to the benefits of owning CCL Products security.