PUMA SE (Germany) Momentum Indicators Ultimate Oscillator
PUMA Stock | EUR 4.30 0.02 0.47% |
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The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Ultimate Oscillator is a smoothing indicator that uses the weighted average of PUMA SE three different time periods to reduce the effects of volatility and false trends of PUMA SE UNSPADR price series.
PUMA SE Technical Analysis Modules
Most technical analysis of PUMA SE 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 PUMA from various momentum indicators to cycle indicators. When you analyze PUMA 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 PUMA SE 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 PUMA SE UNSPADR. We use our internally-developed statistical techniques to arrive at the intrinsic value of PUMA SE UNSPADR based on widely used predictive technical indicators. In general, we focus on analyzing PUMA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PUMA SE'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 PUMA SE's intrinsic value. In addition to deriving basic predictive indicators for PUMA SE, we also check how macroeconomic factors affect PUMA SE price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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PUMA SE UNSPADR 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 PUMA SE 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 PUMA SE will appreciate offsetting losses from the drop in the long position's value.PUMA SE Pair Trading
PUMA SE UNSPADR Pair Trading Analysis
The ability to find closely correlated positions to PUMA SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PUMA SE 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 PUMA SE - 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 PUMA SE UNSPADR to buy it.
The correlation of PUMA SE 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 PUMA SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PUMA SE UNSPADR 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 PUMA SE 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 PUMA Stock
PUMA SE financial ratios help investors to determine whether PUMA 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 PUMA with respect to the benefits of owning PUMA SE security.