FNB ETN (South Africa) Overlap Studies Parabolic SAR Extended
| ALETNQ Etf | 2,121 114.00 5.10% |
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The output start index for this execution was one with a total number of output elements of sixty. The Extended Parabolic SAR indicator is used to determine the direction of FNB ETN's momentum and the point in time when it has higher than normal probability of directional change. It has more input parameters than standard Parabolic SAR indicator.
FNB ETN Technical Analysis Modules
Most technical analysis of FNB ETN 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 FNB from various momentum indicators to cycle indicators. When you analyze FNB 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 FNB ETN 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 FNB ETN on. We use our internally-developed statistical techniques to arrive at the intrinsic value of FNB ETN on based on widely used predictive technical indicators. In general, we focus on analyzing FNB Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build FNB ETN'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 FNB ETN's intrinsic value. In addition to deriving basic predictive indicators for FNB ETN, we also check how macroeconomic factors affect FNB ETN price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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FNB ETN on 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 FNB ETN 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 FNB ETN will appreciate offsetting losses from the drop in the long position's value.FNB ETN Pair Trading
FNB ETN on Pair Trading Analysis
The ability to find closely correlated positions to FNB ETN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FNB ETN 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 FNB ETN - 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 FNB ETN on to buy it.
The correlation of FNB ETN 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 FNB ETN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FNB ETN on 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 FNB ETN 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 FNB Etf
FNB ETN financial ratios help investors to determine whether FNB Etf 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 FNB with respect to the benefits of owning FNB ETN security.