Patagonia Gold Corp Stock Momentum Indicators Moving Average Convergence Divergence
| PGDC Stock | CAD 0.04 0.01 12.50% |
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The output start index for this execution was thirty-three with a total number of output elements of twenty-eight. The Moving Average Convergence/Divergence line is a predictive momentum indicator that shows the relationship between Patagonia Gold Corp price series and its peer or benchmark.
Patagonia Gold Technical Analysis Modules
Most technical analysis of Patagonia Gold 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 Patagonia from various momentum indicators to cycle indicators. When you analyze Patagonia 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 Patagonia Gold 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 Patagonia Gold Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Patagonia Gold Corp based on widely used predictive technical indicators. In general, we focus on analyzing Patagonia Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Patagonia Gold'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 Patagonia Gold's intrinsic value. In addition to deriving basic predictive indicators for Patagonia Gold, we also check how macroeconomic factors affect Patagonia Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 2.26 | 1.63 | 1.87 | 1.78 | PTB Ratio | 0.92 | 0.36 | 1.0 | 0.95 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patagonia Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Patagonia Gold 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 Patagonia Gold 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 Patagonia Gold will appreciate offsetting losses from the drop in the long position's value.Patagonia Gold Pair Trading
Patagonia Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Patagonia Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patagonia Gold 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 Patagonia Gold - 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 Patagonia Gold Corp to buy it.
The correlation of Patagonia Gold 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 Patagonia Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patagonia Gold 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 Patagonia Gold 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 Patagonia Stock Analysis
When running Patagonia Gold's price analysis, check to measure Patagonia Gold's 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 Patagonia Gold is operating at the current time. Most of Patagonia Gold's value examination focuses on studying past and present price action to predict the probability of Patagonia Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patagonia Gold's price. Additionally, you may evaluate how the addition of Patagonia Gold to your portfolios can decrease your overall portfolio volatility.