Enghouse Systems Limited Stock Momentum Indicators Commodity Channel Index
| EGHSF Stock | USD 20.71 0.23 1.10% |
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The output start index for this execution was nine with a total number of output elements of fifty-two. The Commodity Channel Index (CCI) is designed to detect Enghouse Systems beginning and ending market trends using 100 to -100 scale. CCI values outside of this range indicate overbought or oversold conditions. If the price of Enghouse Systems is making new highs, and the CCI is not, then a price correction is likely to happen soon.
Enghouse Systems Technical Analysis Modules
Most technical analysis of Enghouse Systems 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 Enghouse from various momentum indicators to cycle indicators. When you analyze Enghouse 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 Enghouse Systems 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 Enghouse Systems Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Enghouse Systems Limited based on widely used predictive technical indicators. In general, we focus on analyzing Enghouse Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Enghouse Systems'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 Enghouse Systems's intrinsic value. In addition to deriving basic predictive indicators for Enghouse Systems, we also check how macroeconomic factors affect Enghouse Systems price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enghouse Systems' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Enghouse Systems 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 Enghouse Systems 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 Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.Enghouse Systems Pair Trading
Enghouse Systems Limited Pair Trading Analysis
The ability to find closely correlated positions to Enghouse Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enghouse Systems 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 Enghouse Systems - 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 Enghouse Systems Limited to buy it.
The correlation of Enghouse Systems 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 Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse Systems 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 Enghouse Systems 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 Enghouse Pink Sheet
Enghouse Systems financial ratios help investors to determine whether Enghouse Pink Sheet 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 Enghouse with respect to the benefits of owning Enghouse Systems security.