HSBC Holdings (Brazil) Momentum Indicators Average Directional Movement Index
| H1SB34 Stock | BRL 66.90 0.28 0.42% |
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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 HSBC Holdings plc and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low HSBC Holdings 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
HSBC Holdings Technical Analysis Modules
Most technical analysis of HSBC Holdings 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 HSBC from various momentum indicators to cycle indicators. When you analyze HSBC 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 HSBC Holdings 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 HSBC Holdings plc. We use our internally-developed statistical techniques to arrive at the intrinsic value of HSBC Holdings plc based on widely used predictive technical indicators. In general, we focus on analyzing HSBC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build HSBC Holdings'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 HSBC Holdings's intrinsic value. In addition to deriving basic predictive indicators for HSBC Holdings, we also check how macroeconomic factors affect HSBC Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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HSBC Holdings plc 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 HSBC Holdings 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 HSBC Holdings will appreciate offsetting losses from the drop in the long position's value.HSBC Holdings Pair Trading
HSBC Holdings plc Pair Trading Analysis
The ability to find closely correlated positions to HSBC Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSBC Holdings 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 HSBC Holdings - 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 HSBC Holdings plc to buy it.
The correlation of HSBC Holdings 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 HSBC Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HSBC Holdings plc 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 HSBC Holdings 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.Additional Information and Resources on Investing in HSBC Stock
When determining whether HSBC Holdings plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HSBC Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hsbc Holdings Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hsbc Holdings Plc Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HSBC Holdings plc. 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. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.