Pure Energy Minerals Stock Price Transform Typical Price
PEMIF Stock | USD 0.22 0.01 4.76% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Pure Energy Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Pure Energy Minerals moving average lines.
Pure Energy Technical Analysis Modules
Most technical analysis of Pure Energy 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 Pure from various momentum indicators to cycle indicators. When you analyze Pure 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 Pure Energy 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 Pure Energy Minerals. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pure Energy Minerals based on widely used predictive technical indicators. In general, we focus on analyzing Pure OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pure Energy'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 Pure Energy's intrinsic value. In addition to deriving basic predictive indicators for Pure Energy, we also check how macroeconomic factors affect Pure Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Pure Energy Minerals 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 Pure Energy 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 Pure Energy will appreciate offsetting losses from the drop in the long position's value.Pure Energy Pair Trading
Pure Energy Minerals Pair Trading Analysis
The ability to find closely correlated positions to Pure Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pure Energy 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 Pure Energy - 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 Pure Energy Minerals to buy it.
The correlation of Pure Energy 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 Pure Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pure Energy Minerals 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 Pure Energy 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 Pure OTC Stock
Pure Energy financial ratios help investors to determine whether Pure OTC 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 Pure with respect to the benefits of owning Pure Energy security.