Esab Corp Stock Momentum Indicators Average Directional Movement Index
| ESAB Stock | USD 127.54 2.08 1.66% |
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The output start index for this execution was five with a total number of output elements of fifty-six. The average directional index (ADX) measures the strength of a prevailing trend of ESAB Corp and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low ESAB Corp 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
ESAB Corp Technical Analysis Modules
Most technical analysis of ESAB Corp 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 ESAB from various momentum indicators to cycle indicators. When you analyze ESAB 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 ESAB Corp 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 ESAB Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of ESAB Corp based on widely used predictive technical indicators. In general, we focus on analyzing ESAB Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ESAB Corp'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 ESAB Corp's intrinsic value. In addition to deriving basic predictive indicators for ESAB Corp, we also check how macroeconomic factors affect ESAB Corp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 0.002557 | 0.001882 | Price To Sales Ratio | 1.88 | 1.14 |
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ESAB Corp 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 ESAB Corp 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 ESAB Corp will appreciate offsetting losses from the drop in the long position's value.ESAB Corp Pair Trading
ESAB Corp Pair Trading Analysis
The ability to find closely correlated positions to ESAB Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESAB Corp 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 ESAB Corp - 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 ESAB Corp to buy it.
The correlation of ESAB Corp 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 ESAB Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESAB Corp 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 ESAB Corp 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESAB Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESAB Corp. If investors know ESAB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESAB Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.179 | Dividend Share 0.28 | Earnings Share 4.45 | Revenue Per Share 45.704 | Quarterly Revenue Growth (0.01) |
The market value of ESAB Corp is measured differently than its book value, which is the value of ESAB that is recorded on the company's balance sheet. Investors also form their own opinion of ESAB Corp's value that differs from its market value or its book value, called intrinsic value, which is ESAB Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESAB Corp's market value can be influenced by many factors that don't directly affect ESAB Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESAB Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESAB Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESAB Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.