Profoto Holding (Sweden) Overlap Studies Hilbert Transform Instantaneous Trendline
| PRFO Stock | 46.30 1.60 3.58% |
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The minimum time period for execution of this function requires larger time horizon. Please increase the time horizon for this function. The output start index for this execution was zero with a total number of output elements of zero. The Instantaneous Trendline is a moving-average-like indicator which is formed by removing the Dominant Cycle from Profoto Holding AB price series.
Profoto Holding Technical Analysis Modules
Most technical analysis of Profoto Holding 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 Profoto from various momentum indicators to cycle indicators. When you analyze Profoto 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 Profoto Holding 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 Profoto Holding AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Profoto Holding AB based on widely used predictive technical indicators. In general, we focus on analyzing Profoto Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Profoto Holding'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 Profoto Holding's intrinsic value. In addition to deriving basic predictive indicators for Profoto Holding, we also check how macroeconomic factors affect Profoto Holding price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Profoto Holding 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 Profoto Holding 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 Profoto Holding will appreciate offsetting losses from the drop in the long position's value.Profoto Holding Pair Trading
Profoto Holding AB Pair Trading Analysis
The ability to find closely correlated positions to Profoto Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profoto Holding 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 Profoto Holding - 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 Profoto Holding AB to buy it.
The correlation of Profoto Holding 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 Profoto Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profoto Holding 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 Profoto Holding 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 Profoto Stock Analysis
When running Profoto Holding's price analysis, check to measure Profoto Holding'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 Profoto Holding is operating at the current time. Most of Profoto Holding's value examination focuses on studying past and present price action to predict the probability of Profoto Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profoto Holding's price. Additionally, you may evaluate how the addition of Profoto Holding to your portfolios can decrease your overall portfolio volatility.