Pharma Mar (Spain) Momentum Indicators Williams R percentage
PHM Stock | EUR 75.50 0.10 0.13% |
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Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Williams %R value was developed by Larry Williams and ranges from zero to 100. The values are charted on an inverted scale. Values below 20 indicate an overbought condition for Pharma Mar SA and a sell signal is generated when it crosses the 20 line. Values over 80 indicate an oversold condition for Pharma Mar and a buy signal is generated when it crosses the 80 line.
Pharma Mar Technical Analysis Modules
Most technical analysis of Pharma Mar 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 Pharma from various momentum indicators to cycle indicators. When you analyze Pharma 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 Pharma Mar 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 Pharma Mar SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pharma Mar SA based on widely used predictive technical indicators. In general, we focus on analyzing Pharma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pharma Mar'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 Pharma Mar's intrinsic value. In addition to deriving basic predictive indicators for Pharma Mar, we also check how macroeconomic factors affect Pharma Mar price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Pharma Mar SA 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 Pharma Mar 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 Pharma Mar will appreciate offsetting losses from the drop in the long position's value.Pharma Mar Pair Trading
Pharma Mar SA Pair Trading Analysis
The ability to find closely correlated positions to Pharma Mar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pharma Mar 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 Pharma Mar - 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 Pharma Mar SA to buy it.
The correlation of Pharma Mar 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 Pharma Mar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pharma Mar SA 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 Pharma Mar 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 Pharma Stock
Pharma Mar financial ratios help investors to determine whether Pharma 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 Pharma with respect to the benefits of owning Pharma Mar security.