Jiangxi Hengda (China) Price Transform Average Price
002591 Stock | 5.55 0.20 3.74% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Jiangxi Hengda Hi Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Jiangxi Hengda Technical Analysis Modules
Most technical analysis of Jiangxi Hengda 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 Jiangxi from various momentum indicators to cycle indicators. When you analyze Jiangxi 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 Jiangxi Hengda 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 Jiangxi Hengda Hi Tech. We use our internally-developed statistical techniques to arrive at the intrinsic value of Jiangxi Hengda Hi Tech based on widely used predictive technical indicators. In general, we focus on analyzing Jiangxi Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Jiangxi Hengda's daily price indicators and compare them against related drivers, such as price transform 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 Jiangxi Hengda's intrinsic value. In addition to deriving basic predictive indicators for Jiangxi Hengda, we also check how macroeconomic factors affect Jiangxi Hengda price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Jiangxi Hengda Hi 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 Jiangxi Hengda 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 Jiangxi Hengda will appreciate offsetting losses from the drop in the long position's value.Jiangxi Hengda Pair Trading
Jiangxi Hengda Hi Tech Pair Trading Analysis
The ability to find closely correlated positions to Jiangxi Hengda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiangxi Hengda 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 Jiangxi Hengda - 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 Jiangxi Hengda Hi Tech to buy it.
The correlation of Jiangxi Hengda 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 Jiangxi Hengda moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jiangxi Hengda Hi 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 Jiangxi Hengda 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 Jiangxi Stock
Jiangxi Hengda financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Hengda security.