Syntec Optics Holdings Stock Pattern Recognition Spinning Top
| OPTX Stock | 0.87 0.01 1.16% |
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Recognition |
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of seven valid pattern recognition events for the selected time horizon. The Spinning Top pattern Reversal/Continuation pattern describes Syntec Optics Holdings neutral movement and is used to signal indecision about the future direction of Syntec Optics.
Syntec Optics Technical Analysis Modules
Most technical analysis of Syntec Optics 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 Syntec from various momentum indicators to cycle indicators. When you analyze Syntec 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 Syntec Optics 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 Syntec Optics Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Syntec Optics Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Syntec Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Syntec Optics'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 Syntec Optics's intrinsic value. In addition to deriving basic predictive indicators for Syntec Optics, we also check how macroeconomic factors affect Syntec Optics price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2010 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.00106 | 7.65E-4 | 4.19E-4 | 8.23E-4 | Price To Sales Ratio | 7.09 | 13.18 | 5.04 | 9.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Syntec Optics' 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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Syntec Optics Holdings 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 Syntec Optics 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 Syntec Optics will appreciate offsetting losses from the drop in the long position's value.Syntec Optics Pair Trading
Syntec Optics Holdings Pair Trading Analysis
The ability to find closely correlated positions to Syntec Optics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Syntec Optics 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 Syntec Optics - 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 Syntec Optics Holdings to buy it.
The correlation of Syntec Optics 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 Syntec Optics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Syntec Optics Holdings 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 Syntec Optics 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 Syntec Stock Analysis
When running Syntec Optics' price analysis, check to measure Syntec Optics' 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 Syntec Optics is operating at the current time. Most of Syntec Optics' value examination focuses on studying past and present price action to predict the probability of Syntec Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syntec Optics' price. Additionally, you may evaluate how the addition of Syntec Optics to your portfolios can decrease your overall portfolio volatility.