Ruentex Industries (Taiwan) Overlap Studies Weighted Moving Average
| 2915 Stock | TWD 78.70 1.70 2.11% |
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Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Weighted Moving Average calculates a weight for each value in Ruentex Industries price series with the more recent values given greater weights.
Ruentex Industries Technical Analysis Modules
Most technical analysis of Ruentex Industries 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 Ruentex from various momentum indicators to cycle indicators. When you analyze Ruentex 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 Ruentex Industries 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 Ruentex Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ruentex Industries based on widely used predictive technical indicators. In general, we focus on analyzing Ruentex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ruentex Industries'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 Ruentex Industries's intrinsic value. In addition to deriving basic predictive indicators for Ruentex Industries, we also check how macroeconomic factors affect Ruentex Industries price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Ruentex Industries 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 Ruentex Industries 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 Ruentex Industries will appreciate offsetting losses from the drop in the long position's value.Ruentex Industries Pair Trading
Ruentex Industries Pair Trading Analysis
The ability to find closely correlated positions to Ruentex Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ruentex Industries 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 Ruentex Industries - 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 Ruentex Industries to buy it.
The correlation of Ruentex Industries 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 Ruentex Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ruentex Industries 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 Ruentex Industries 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 Ruentex Stock Analysis
When running Ruentex Industries' price analysis, check to measure Ruentex Industries' 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 Ruentex Industries is operating at the current time. Most of Ruentex Industries' value examination focuses on studying past and present price action to predict the probability of Ruentex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Industries' price. Additionally, you may evaluate how the addition of Ruentex Industries to your portfolios can decrease your overall portfolio volatility.