Windon Energy (Sweden) Price Transform Average Price
| WEG Stock | 0.93 0.03 3.12% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Windon Energy Group 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.
Windon Energy Technical Analysis Modules
Most technical analysis of Windon 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 Windon from various momentum indicators to cycle indicators. When you analyze Windon 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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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Windon Energy Group 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 Windon 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 Windon Energy will appreciate offsetting losses from the drop in the long position's value.Windon Energy Pair Trading
Windon Energy Group Pair Trading Analysis
The ability to find closely correlated positions to Windon 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 Windon 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 Windon 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 Windon Energy Group to buy it.
The correlation of Windon 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 Windon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Windon Energy Group 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 Windon 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.Additional Tools for Windon Stock Analysis
When running Windon Energy's price analysis, check to measure Windon Energy'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 Windon Energy is operating at the current time. Most of Windon Energy's value examination focuses on studying past and present price action to predict the probability of Windon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Windon Energy's price. Additionally, you may evaluate how the addition of Windon Energy to your portfolios can decrease your overall portfolio volatility.