Megastar Foods (India) Momentum Indicators Commodity Channel Index
| MEGASTAR | 227.55 2.60 1.13% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Commodity Channel Index (CCI) is designed to detect Megastar Foods 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 Megastar Foods is making new highs, and the CCI is not, then a price correction is likely to happen soon.
Megastar Foods Technical Analysis Modules
Most technical analysis of Megastar Foods 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 Megastar from various momentum indicators to cycle indicators. When you analyze Megastar 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 Megastar Foods 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 Megastar Foods Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Megastar Foods Limited based on widely used predictive technical indicators. In general, we focus on analyzing Megastar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Megastar Foods'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 Megastar Foods's intrinsic value. In addition to deriving basic predictive indicators for Megastar Foods, we also check how macroeconomic factors affect Megastar Foods 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 Megastar Foods' 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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Megastar Foods 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 Megastar Foods 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 Megastar Foods will appreciate offsetting losses from the drop in the long position's value.Megastar Foods Pair Trading
Megastar Foods Limited Pair Trading Analysis
The ability to find closely correlated positions to Megastar Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Megastar Foods 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 Megastar Foods - 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 Megastar Foods Limited to buy it.
The correlation of Megastar Foods 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 Megastar Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Megastar Foods 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 Megastar Foods 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 Megastar Stock
Megastar Foods financial ratios help investors to determine whether Megastar 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 Megastar with respect to the benefits of owning Megastar Foods security.