Canntab Therapeutics Limited Stock Overlap Studies Double Exponential Moving Average
CTABF Stock | USD 0.0001 0.00 0.00% |
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The output start index for this execution was eighteen with a total number of output elements of fourty-three. The Double Exponential Moving Average indicator was developed by Patrick Mulloy. It consists of a single exponential moving average and a double exponential moving average. This indicator is more responsive to Canntab Therapeutics changes than the simple moving average.
Canntab Therapeutics Technical Analysis Modules
Most technical analysis of Canntab Therapeutics 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 Canntab from various momentum indicators to cycle indicators. When you analyze Canntab 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 Canntab Therapeutics 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 Canntab Therapeutics Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canntab Therapeutics Limited based on widely used predictive technical indicators. In general, we focus on analyzing Canntab Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canntab Therapeutics's daily price indicators and compare them against related drivers, such as overlap studies 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 Canntab Therapeutics's intrinsic value. In addition to deriving basic predictive indicators for Canntab Therapeutics, we also check how macroeconomic factors affect Canntab Therapeutics price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Canntab Therapeutics 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 Canntab Therapeutics 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 Canntab Therapeutics will appreciate offsetting losses from the drop in the long position's value.Canntab Therapeutics Pair Trading
Canntab Therapeutics Limited Pair Trading Analysis
The ability to find closely correlated positions to Canntab Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canntab Therapeutics 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 Canntab Therapeutics - 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 Canntab Therapeutics Limited to buy it.
The correlation of Canntab Therapeutics 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 Canntab Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canntab Therapeutics 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 Canntab Therapeutics 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 Canntab Pink Sheet
Canntab Therapeutics financial ratios help investors to determine whether Canntab Pink Sheet 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 Canntab with respect to the benefits of owning Canntab Therapeutics security.