EDP Energias (Portugal) Overlap Studies MAVP
| EDP Stock | EUR 3.48 0.03 0.87% |
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The output start index for this execution was twenty-nine with a total number of output elements of thirty-two.
EDP Energias Technical Analysis Modules
Most technical analysis of EDP Energias 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 EDP from various momentum indicators to cycle indicators. When you analyze EDP 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 EDP Energias 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 EDP Energias. We use our internally-developed statistical techniques to arrive at the intrinsic value of EDP Energias based on widely used predictive technical indicators. In general, we focus on analyzing EDP Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build EDP Energias'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 EDP Energias's intrinsic value. In addition to deriving basic predictive indicators for EDP Energias, we also check how macroeconomic factors affect EDP Energias price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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EDP Energias 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 EDP Energias 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 EDP Energias will appreciate offsetting losses from the drop in the long position's value.EDP Energias Pair Trading
EDP Energias Pair Trading Analysis
The ability to find closely correlated positions to EDP Energias could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDP Energias 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 EDP Energias - 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 EDP Energias to buy it.
The correlation of EDP Energias 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 EDP Energias moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDP Energias 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 EDP Energias 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 EDP Stock Analysis
When running EDP Energias' price analysis, check to measure EDP Energias' 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 EDP Energias is operating at the current time. Most of EDP Energias' value examination focuses on studying past and present price action to predict the probability of EDP Energias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Energias' price. Additionally, you may evaluate how the addition of EDP Energias to your portfolios can decrease your overall portfolio volatility.