PennyMac Mortgage (Germany) Overlap Studies Kaufman Adaptive Moving Average
| 8PM Stock | EUR 12.90 0.10 0.78% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Kaufman Adaptive Moving Average allows the user to define PennyMac Mortgage range across which they want the smoothing.
PennyMac Mortgage Technical Analysis Modules
Most technical analysis of PennyMac Mortgage 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 PennyMac from various momentum indicators to cycle indicators. When you analyze PennyMac 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 PennyMac Mortgage 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 PennyMac Mortgage Investment. We use our internally-developed statistical techniques to arrive at the intrinsic value of PennyMac Mortgage Investment based on widely used predictive technical indicators. In general, we focus on analyzing PennyMac Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PennyMac Mortgage'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 PennyMac Mortgage's intrinsic value. In addition to deriving basic predictive indicators for PennyMac Mortgage, we also check how macroeconomic factors affect PennyMac Mortgage price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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PennyMac Mortgage 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 PennyMac Mortgage 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 PennyMac Mortgage will appreciate offsetting losses from the drop in the long position's value.PennyMac Mortgage Pair Trading
PennyMac Mortgage Investment Pair Trading Analysis
The ability to find closely correlated positions to PennyMac Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennyMac Mortgage 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 PennyMac Mortgage - 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 PennyMac Mortgage Investment to buy it.
The correlation of PennyMac Mortgage 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 PennyMac Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennyMac Mortgage 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 PennyMac Mortgage 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 Information and Resources on Investing in PennyMac Stock
When determining whether PennyMac Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennyMac Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennymac Mortgage Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennymac Mortgage Investment Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PennyMac Mortgage Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.