NIBE Industrier (Sweden) Overlap Studies Bollinger Bands
| NIBE-B Stock | SEK 45.75 0.84 1.87% |
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The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NIBE Industrier 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 NIBE Industrier AB. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
NIBE Industrier Technical Analysis Modules
Most technical analysis of NIBE Industrier 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 NIBE from various momentum indicators to cycle indicators. When you analyze NIBE 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 NIBE Industrier 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 NIBE Industrier AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of NIBE Industrier AB based on widely used predictive technical indicators. In general, we focus on analyzing NIBE Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NIBE Industrier'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 NIBE Industrier's intrinsic value. In addition to deriving basic predictive indicators for NIBE Industrier, we also check how macroeconomic factors affect NIBE Industrier price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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NIBE Industrier 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 NIBE Industrier 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 NIBE Industrier will appreciate offsetting losses from the drop in the long position's value.NIBE Industrier Pair Trading
NIBE Industrier AB Pair Trading Analysis
The ability to find closely correlated positions to NIBE Industrier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIBE Industrier 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 NIBE Industrier - 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 NIBE Industrier AB to buy it.
The correlation of NIBE Industrier 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 NIBE Industrier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIBE Industrier 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 NIBE Industrier 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.Other Information on Investing in NIBE Stock
NIBE Industrier financial ratios help investors to determine whether NIBE 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 NIBE with respect to the benefits of owning NIBE Industrier security.