CITIC Securities (China) Momentum Indicators Relative Strength Index
| 600030 Stock | 30.75 0.88 2.95% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Relative Strength Index was developed by Welles Wilder to measures the speed and change of CITIC Securities price movements.
CITIC Securities Technical Analysis Modules
Most technical analysis of CITIC Securities 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 CITIC from various momentum indicators to cycle indicators. When you analyze CITIC 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 CITIC Securities 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 CITIC Securities Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of CITIC Securities Co based on widely used predictive technical indicators. In general, we focus on analyzing CITIC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CITIC Securities'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 CITIC Securities's intrinsic value. In addition to deriving basic predictive indicators for CITIC Securities, we also check how macroeconomic factors affect CITIC Securities price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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CITIC Securities 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 CITIC Securities 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 CITIC Securities will appreciate offsetting losses from the drop in the long position's value.CITIC Securities Pair Trading
CITIC Securities Co Pair Trading Analysis
The ability to find closely correlated positions to CITIC Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIC Securities 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 CITIC Securities - 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 CITIC Securities Co to buy it.
The correlation of CITIC Securities 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 CITIC Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CITIC Securities 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 CITIC Securities 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 CITIC Stock
CITIC Securities financial ratios help investors to determine whether CITIC 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 CITIC with respect to the benefits of owning CITIC Securities security.