Formosa Petrochemical (Taiwan) Overlap Studies Parabolic SAR
| 6505 Stock | TWD 43.95 0.40 0.92% |
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The output start index for this execution was one with a total number of output elements of sixty. The Parabolic SAR indicator is used to determine the direction of Formosa Petrochemical's momentum and the point in time when Formosa Petrochemical has higher than normal probability directional change.
Formosa Petrochemical Technical Analysis Modules
Most technical analysis of Formosa Petrochemical 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 Formosa from various momentum indicators to cycle indicators. When you analyze Formosa 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 Formosa Petrochemical 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 Formosa Petrochemical Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Formosa Petrochemical Corp based on widely used predictive technical indicators. In general, we focus on analyzing Formosa Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Formosa Petrochemical'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 Formosa Petrochemical's intrinsic value. In addition to deriving basic predictive indicators for Formosa Petrochemical, we also check how macroeconomic factors affect Formosa Petrochemical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Formosa Petrochemical 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 Formosa Petrochemical 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 Formosa Petrochemical will appreciate offsetting losses from the drop in the long position's value.Formosa Petrochemical Pair Trading
Formosa Petrochemical Corp Pair Trading Analysis
The ability to find closely correlated positions to Formosa Petrochemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Formosa Petrochemical 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 Formosa Petrochemical - 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 Formosa Petrochemical Corp to buy it.
The correlation of Formosa Petrochemical 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 Formosa Petrochemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formosa Petrochemical 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 Formosa Petrochemical 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 Formosa Stock Analysis
When running Formosa Petrochemical's price analysis, check to measure Formosa Petrochemical'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 Formosa Petrochemical is operating at the current time. Most of Formosa Petrochemical's value examination focuses on studying past and present price action to predict the probability of Formosa Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Petrochemical's price. Additionally, you may evaluate how the addition of Formosa Petrochemical to your portfolios can decrease your overall portfolio volatility.