Surya Esa (Indonesia) Price Transform Average Price
| ESSA Stock | IDR 840.00 5.00 0.60% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Surya Esa Perkasa 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.
Surya Esa Technical Analysis Modules
Most technical analysis of Surya Esa 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 Surya from various momentum indicators to cycle indicators. When you analyze Surya 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 Surya Esa 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 Surya Esa Perkasa. We use our internally-developed statistical techniques to arrive at the intrinsic value of Surya Esa Perkasa based on widely used predictive technical indicators. In general, we focus on analyzing Surya Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Surya Esa'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 Surya Esa's intrinsic value. In addition to deriving basic predictive indicators for Surya Esa, we also check how macroeconomic factors affect Surya Esa price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Surya Esa Perkasa 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 Surya Esa 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 Surya Esa will appreciate offsetting losses from the drop in the long position's value.Surya Esa Pair Trading
Surya Esa Perkasa Pair Trading Analysis
The ability to find closely correlated positions to Surya Esa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surya Esa 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 Surya Esa - 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 Surya Esa Perkasa to buy it.
The correlation of Surya Esa 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 Surya Esa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surya Esa Perkasa 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 Surya Esa 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 Surya Stock
Surya Esa financial ratios help investors to determine whether Surya 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 Surya with respect to the benefits of owning Surya Esa security.