Centrus Energy Stock Overlap Studies Simple Moving Average
| LEU Stock | USD 86.85 6.95 8.70% |
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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 Simple Moving Average indicator is calculated by adding the closing price of Centrus Energy for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out Centrus Energy short-term fluctuations and highlight longer-term trends or cycles.
Centrus Energy Technical Analysis Modules
Most technical analysis of Centrus Energy 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 Centrus from various momentum indicators to cycle indicators. When you analyze Centrus 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 Centrus Energy 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 Centrus Energy. We use our internally-developed statistical techniques to arrive at the intrinsic value of Centrus Energy based on widely used predictive technical indicators. In general, we focus on analyzing Centrus Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Centrus Energy'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 Centrus Energy's intrinsic value. In addition to deriving basic predictive indicators for Centrus Energy, we also check how macroeconomic factors affect Centrus Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 0.37 | 0.39 | Price To Sales Ratio | 2.58 | 2.71 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centrus Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Centrus Energy 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 Centrus Energy 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 Centrus Energy will appreciate offsetting losses from the drop in the long position's value.Centrus Energy Pair Trading
Centrus Energy Pair Trading Analysis
The ability to find closely correlated positions to Centrus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrus Energy 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 Centrus Energy - 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 Centrus Energy to buy it.
The correlation of Centrus Energy 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 Centrus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrus Energy 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 Centrus Energy 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 Centrus Stock Analysis
When running Centrus Energy's price analysis, check to measure Centrus Energy'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 Centrus Energy is operating at the current time. Most of Centrus Energy's value examination focuses on studying past and present price action to predict the probability of Centrus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrus Energy's price. Additionally, you may evaluate how the addition of Centrus Energy to your portfolios can decrease your overall portfolio volatility.