Tianjin Yiyi (China) Momentum Indicators Momentum
| 001206 Stock | 17.93 0.84 4.92% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Momentum indicator shows the difference between current closing price of Tianjin Yiyi Hygiene and Tianjin Yiyi close price N days ago.
Tianjin Yiyi Technical Analysis Modules
Most technical analysis of Tianjin Yiyi 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 Tianjin from various momentum indicators to cycle indicators. When you analyze Tianjin 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 Tianjin Yiyi 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 Tianjin Yiyi Hygiene. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tianjin Yiyi Hygiene based on widely used predictive technical indicators. In general, we focus on analyzing Tianjin Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tianjin Yiyi'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 Tianjin Yiyi's intrinsic value. In addition to deriving basic predictive indicators for Tianjin Yiyi, we also check how macroeconomic factors affect Tianjin Yiyi price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Tianjin Yiyi Hygiene 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 Tianjin Yiyi 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 Tianjin Yiyi will appreciate offsetting losses from the drop in the long position's value.Tianjin Yiyi Pair Trading
Tianjin Yiyi Hygiene Pair Trading Analysis
The ability to find closely correlated positions to Tianjin Yiyi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianjin Yiyi 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 Tianjin Yiyi - 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 Tianjin Yiyi Hygiene to buy it.
The correlation of Tianjin Yiyi 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 Tianjin Yiyi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tianjin Yiyi Hygiene 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 Tianjin Yiyi 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 Tianjin Stock
Tianjin Yiyi financial ratios help investors to determine whether Tianjin 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 Tianjin with respect to the benefits of owning Tianjin Yiyi security.