Scotts Miracle-Gro (Germany) Pattern Recognition Engulfing Pattern
| SCQA Stock | EUR 71.14 0.10 0.14% |
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Recognition |
The output start index for this execution was two with a total number of output elements of fifty-nine. The function generated a total of one valid pattern recognition events for the selected time horizon. The Engulfing Pattern describes Scotts Miracle-Gro bullish reversal pattern.
Scotts Miracle-Gro Technical Analysis Modules
Most technical analysis of Scotts Miracle-Gro 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 Scotts from various momentum indicators to cycle indicators. When you analyze Scotts 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 Scotts Miracle-Gro 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 The Scotts Miracle Gro. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Scotts Miracle Gro based on widely used predictive technical indicators. In general, we focus on analyzing Scotts Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Scotts Miracle-Gro's daily price indicators and compare them against related drivers, such as pattern recognition 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 Scotts Miracle-Gro's intrinsic value. In addition to deriving basic predictive indicators for Scotts Miracle-Gro, we also check how macroeconomic factors affect Scotts Miracle-Gro price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Scotts Miracle-Gro 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 Scotts Miracle-Gro 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 Scotts Miracle-Gro will appreciate offsetting losses from the drop in the long position's value.Scotts Miracle-Gro Pair Trading
The Scotts Miracle Gro Pair Trading Analysis
The ability to find closely correlated positions to Scotts Miracle-Gro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scotts Miracle-Gro 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 Scotts Miracle-Gro - 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 The Scotts Miracle Gro to buy it.
The correlation of Scotts Miracle-Gro 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 Scotts Miracle-Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scotts Miracle-Gro 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 Scotts Miracle-Gro 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 Scotts Stock
Scotts Miracle-Gro financial ratios help investors to determine whether Scotts 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 Scotts with respect to the benefits of owning Scotts Miracle-Gro security.