Pinnacle West Capital Stock Momentum Indicators Moving Average Convergence Divergence
| PNW Stock | USD 93.36 0.26 0.28% |
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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 Pinnacle West Capital price series and its peer or benchmark.
Pinnacle West Technical Analysis Modules
Most technical analysis of Pinnacle West 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 Pinnacle from various momentum indicators to cycle indicators. When you analyze Pinnacle 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 Pinnacle West 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 Pinnacle West Capital. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pinnacle West Capital based on widely used predictive technical indicators. In general, we focus on analyzing Pinnacle Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pinnacle West'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 Pinnacle West's intrinsic value. In addition to deriving basic predictive indicators for Pinnacle West, we also check how macroeconomic factors affect Pinnacle West price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0464 | 0.044 | 0.0474 | Price To Sales Ratio | 2.1 | 1.99 | 1.74 |
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Pinnacle West Capital 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 Pinnacle West 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 Pinnacle West will appreciate offsetting losses from the drop in the long position's value.Pinnacle West Pair Trading
Pinnacle West Capital Pair Trading Analysis
The ability to find closely correlated positions to Pinnacle West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinnacle West 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 Pinnacle West - 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 Pinnacle West Capital to buy it.
The correlation of Pinnacle West 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 Pinnacle West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinnacle West Capital 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 Pinnacle West 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 Pinnacle Stock Analysis
When running Pinnacle West's price analysis, check to measure Pinnacle West'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 Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.