Rain Industries (India) Momentum Indicators Average Directional Movement Index
| RAIN Stock | 131.17 0.49 0.37% |
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The output start index for this execution was nineteen with a total number of output elements of fourty-two. The average directional index (ADX) measures the strength of a prevailing trend of Rain Industries and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Rain Industries 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
Rain Industries Technical Analysis Modules
Most technical analysis of Rain Industries 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 Rain from various momentum indicators to cycle indicators. When you analyze Rain 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 Rain Industries 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 Rain Industries Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Rain Industries Limited based on widely used predictive technical indicators. In general, we focus on analyzing Rain Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Rain Industries'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 Rain Industries's intrinsic value. In addition to deriving basic predictive indicators for Rain Industries, we also check how macroeconomic factors affect Rain Industries price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Rain Industries 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 Rain Industries 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 Rain Industries will appreciate offsetting losses from the drop in the long position's value.Rain Industries Pair Trading
Rain Industries Limited Pair Trading Analysis
The ability to find closely correlated positions to Rain Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rain Industries 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 Rain Industries - 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 Rain Industries Limited to buy it.
The correlation of Rain Industries 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 Rain Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rain Industries 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 Rain Industries 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 Rain Stock Analysis
When running Rain Industries' price analysis, check to measure Rain Industries' 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 Rain Industries is operating at the current time. Most of Rain Industries' value examination focuses on studying past and present price action to predict the probability of Rain Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rain Industries' price. Additionally, you may evaluate how the addition of Rain Industries to your portfolios can decrease your overall portfolio volatility.