M3 Mining (Australia) Price Transform Average Price
| M3M Stock | 0.03 0 10.53% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. M3 Mining 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.
M3 Mining Technical Analysis Modules
Most technical analysis of M3 Mining 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 M3M from various momentum indicators to cycle indicators. When you analyze M3M 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 M3 Mining 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 M3 Mining. We use our internally-developed statistical techniques to arrive at the intrinsic value of M3 Mining based on widely used predictive technical indicators. In general, we focus on analyzing M3M Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build M3 Mining'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 M3 Mining's intrinsic value. In addition to deriving basic predictive indicators for M3 Mining, we also check how macroeconomic factors affect M3 Mining price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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M3 Mining 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 M3 Mining 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 M3 Mining will appreciate offsetting losses from the drop in the long position's value.M3 Mining Pair Trading
M3 Mining Pair Trading Analysis
The ability to find closely correlated positions to M3 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace M3 Mining 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 M3 Mining - 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 M3 Mining to buy it.
The correlation of M3 Mining 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 M3 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if M3 Mining 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 M3 Mining 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 M3M Stock Analysis
When running M3 Mining's price analysis, check to measure M3 Mining's 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 M3 Mining is operating at the current time. Most of M3 Mining's value examination focuses on studying past and present price action to predict the probability of M3 Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move M3 Mining's price. Additionally, you may evaluate how the addition of M3 Mining to your portfolios can decrease your overall portfolio volatility.