FORWARD AIR (Germany) Overlap Studies Bollinger Bands

FA2 Stock  EUR 33.80  0.80  2.42%   
FORWARD AIR overlap studies tool provides the execution environment for running the Bollinger Bands study and other technical functions against FORWARD AIR. FORWARD AIR value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of overlap studies indicators. As with most other technical indicators, the Bollinger Bands study function is designed to identify and follow existing trends. FORWARD AIR overlay technical analysis usually involve calculating upper and lower limits of price movements based on various statistical techniques. Please specify the following input to run this model: Time Period, Deviations up, Deviations down, and MA Type.

Execute Study
The output start index for this execution was eleven with a total number of output elements of fifty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. FORWARD AIR middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for FORWARD AIR P. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

FORWARD AIR Technical Analysis Modules

Most technical analysis of FORWARD AIR 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 FORWARD from various momentum indicators to cycle indicators. When you analyze FORWARD 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.

About FORWARD AIR 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 FORWARD AIR P. We use our internally-developed statistical techniques to arrive at the intrinsic value of FORWARD AIR P based on widely used predictive technical indicators. In general, we focus on analyzing FORWARD Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build FORWARD AIR'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 FORWARD AIR's intrinsic value. In addition to deriving basic predictive indicators for FORWARD AIR, we also check how macroeconomic factors affect FORWARD AIR price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
29.2133.8038.39
Details
Intrinsic
Valuation
LowRealHigh
23.2127.8037.18
Details
Naive
Forecast
LowNextHigh
29.8434.4339.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.7833.5334.29
Details

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FORWARD AIR P 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 FORWARD AIR 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 FORWARD AIR will appreciate offsetting losses from the drop in the long position's value.

FORWARD AIR Pair Trading

FORWARD AIR P Pair Trading Analysis

The ability to find closely correlated positions to FORWARD AIR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FORWARD AIR 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 FORWARD AIR - 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 FORWARD AIR P to buy it.
The correlation of FORWARD AIR 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 FORWARD AIR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FORWARD AIR P 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 FORWARD AIR 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in FORWARD Stock

FORWARD AIR financial ratios help investors to determine whether FORWARD 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 FORWARD with respect to the benefits of owning FORWARD AIR security.