Cintas Stock Pattern Recognition Three Outside Up or Down
| CTAS Stock | USD 226.47 2.57 1.15% |
| Symbol |
Recognition |
The output start index for this execution was three with a total number of output elements of fifty-eight. The function generated a total of four valid pattern recognition events for the selected time horizon. The Three Outside Up/Down pattern helps to describe Cintas bearish pattern that is followed by a black day whose close value is lower than the second day.
Cintas Technical Analysis Modules
Most technical analysis of Cintas 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 Cintas from various momentum indicators to cycle indicators. When you analyze Cintas 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 Cintas 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 Cintas. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cintas based on widely used predictive technical indicators. In general, we focus on analyzing Cintas Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cintas'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 Cintas's intrinsic value. In addition to deriving basic predictive indicators for Cintas, we also check how macroeconomic factors affect Cintas price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.009128 | 0.009375 | 0.007704 | 0.007287 | Price To Sales Ratio | 5.23 | 5.44 | 7.18 | 7.54 |
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Cintas 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 Cintas 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 Cintas will appreciate offsetting losses from the drop in the long position's value.Cintas Pair Trading
Cintas Pair Trading Analysis
The ability to find closely correlated positions to Cintas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cintas 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 Cintas - 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 Cintas to buy it.
The correlation of Cintas 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 Cintas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cintas 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 Cintas 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 Cintas Stock Analysis
When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.