Magnasense (Sweden) Overlap Studies Double Exponential Moving Average
| MAGNA Stock | 0.12 0.01 7.69% |
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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 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 Magnasense AB changes than the simple moving average.
Magnasense Technical Analysis Modules
Most technical analysis of Magnasense 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 Magnasense from various momentum indicators to cycle indicators. When you analyze Magnasense 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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Magnasense AB 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 Magnasense 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 Magnasense will appreciate offsetting losses from the drop in the long position's value.Magnasense Pair Trading
Magnasense AB Pair Trading Analysis
The ability to find closely correlated positions to Magnasense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magnasense 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 Magnasense - 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 Magnasense AB to buy it.
The correlation of Magnasense 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 Magnasense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magnasense AB 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 Magnasense 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 Magnasense Stock Analysis
When running Magnasense's price analysis, check to measure Magnasense's 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 Magnasense is operating at the current time. Most of Magnasense's value examination focuses on studying past and present price action to predict the probability of Magnasense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnasense's price. Additionally, you may evaluate how the addition of Magnasense to your portfolios can decrease your overall portfolio volatility.