Golden Harp Resources Stock Price Transform Weighted Close Price
| GLHRF Stock | USD 0.1 0.00 0.00% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Golden Harp Resources high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Golden Harp closing price as input.
Golden Harp Technical Analysis Modules
Most technical analysis of Golden Harp 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 Golden from various momentum indicators to cycle indicators. When you analyze Golden 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 Golden Harp 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 Golden Harp Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Golden Harp Resources based on widely used predictive technical indicators. In general, we focus on analyzing Golden Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Golden Harp'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 Golden Harp's intrinsic value. In addition to deriving basic predictive indicators for Golden Harp, we also check how macroeconomic factors affect Golden Harp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Golden Harp Resources 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 Golden Harp 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 Golden Harp will appreciate offsetting losses from the drop in the long position's value.Golden Harp Pair Trading
Golden Harp Resources Pair Trading Analysis
The ability to find closely correlated positions to Golden Harp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Harp 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 Golden Harp - 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 Golden Harp Resources to buy it.
The correlation of Golden Harp 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 Golden Harp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Harp Resources 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 Golden Harp 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 Golden Pink Sheet
Golden Harp financial ratios help investors to determine whether Golden Pink Sheet 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 Golden with respect to the benefits of owning Golden Harp security.