Oriental Petroleum (Philippines) Momentum Indicators Commodity Channel Index
| OPM Stock | 0.01 0.0001 1.41% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Commodity Channel Index (CCI) is designed to detect Oriental Petroleum 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 Oriental Petroleum and is making new highs, and the CCI is not, then a price correction is likely to happen soon.
Oriental Petroleum Technical Analysis Modules
Most technical analysis of Oriental Petroleum 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 Oriental from various momentum indicators to cycle indicators. When you analyze Oriental 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 Oriental Petroleum 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 Oriental Petroleum and. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oriental Petroleum and based on widely used predictive technical indicators. In general, we focus on analyzing Oriental Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oriental Petroleum'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 Oriental Petroleum's intrinsic value. In addition to deriving basic predictive indicators for Oriental Petroleum, we also check how macroeconomic factors affect Oriental Petroleum price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Oriental Petroleum and 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 Oriental Petroleum 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 Oriental Petroleum will appreciate offsetting losses from the drop in the long position's value.Oriental Petroleum Pair Trading
Oriental Petroleum and Pair Trading Analysis
The ability to find closely correlated positions to Oriental Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oriental Petroleum 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 Oriental Petroleum - 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 Oriental Petroleum and to buy it.
The correlation of Oriental Petroleum 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 Oriental Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oriental Petroleum and 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 Oriental Petroleum 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 Oriental Stock
Oriental Petroleum financial ratios help investors to determine whether Oriental 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 Oriental with respect to the benefits of owning Oriental Petroleum security.