Relay Therapeutics Stock Momentum Indicators Money Flow Index
| RLAY Stock | USD 4.70 0.10 2.08% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Money Flow Index is a trend reversal indicator that is used to measure the strength of money going in and out of Relay Therapeutics.
Relay Therapeutics Technical Analysis Modules
Most technical analysis of Relay Therapeutics 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 Relay from various momentum indicators to cycle indicators. When you analyze Relay 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 Relay Therapeutics 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 Relay Therapeutics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Relay Therapeutics based on widely used predictive technical indicators. In general, we focus on analyzing Relay Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Relay Therapeutics'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 Relay Therapeutics's intrinsic value. In addition to deriving basic predictive indicators for Relay Therapeutics, we also check how macroeconomic factors affect Relay Therapeutics price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2022 | 2023 | 2024 (projected) | Net Debt To EBITDA | 3.07 | 0.24 | 0.23 | Intangibles To Total Assets | 0.002091 | 0.002725 | 0.001893 |
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Relay Therapeutics 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 Relay Therapeutics 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 Relay Therapeutics will appreciate offsetting losses from the drop in the long position's value.Relay Therapeutics Pair Trading
Relay Therapeutics Pair Trading Analysis
The ability to find closely correlated positions to Relay Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Relay Therapeutics 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 Relay Therapeutics - 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 Relay Therapeutics to buy it.
The correlation of Relay Therapeutics 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 Relay Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Relay Therapeutics 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 Relay Therapeutics 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 Tools for Relay Stock Analysis
When running Relay Therapeutics' price analysis, check to measure Relay Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Relay Therapeutics is operating at the current time. Most of Relay Therapeutics' value examination focuses on studying past and present price action to predict the probability of Relay Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Relay Therapeutics' price. Additionally, you may evaluate how the addition of Relay Therapeutics to your portfolios can decrease your overall portfolio volatility.