CPN Commercial (Thailand) Math Operators Price Series Summation
CPNCG Stock | THB 6.10 0.05 0.83% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. CPN Commercial Growth Price Series Summation is a cross summation of CPN Commercial price series and its benchmark/peer.
CPN Commercial Technical Analysis Modules
Most technical analysis of CPN Commercial 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 CPN from various momentum indicators to cycle indicators. When you analyze CPN 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 CPN Commercial 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 CPN Commercial Growth. We use our internally-developed statistical techniques to arrive at the intrinsic value of CPN Commercial Growth based on widely used predictive technical indicators. In general, we focus on analyzing CPN Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CPN Commercial's daily price indicators and compare them against related drivers, such as math operators 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 CPN Commercial's intrinsic value. In addition to deriving basic predictive indicators for CPN Commercial, we also check how macroeconomic factors affect CPN Commercial price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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CPN Commercial Growth 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 CPN Commercial 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 CPN Commercial will appreciate offsetting losses from the drop in the long position's value.CPN Commercial Pair Trading
CPN Commercial Growth Pair Trading Analysis
The ability to find closely correlated positions to CPN Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CPN Commercial 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 CPN Commercial - 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 CPN Commercial Growth to buy it.
The correlation of CPN Commercial 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 CPN Commercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CPN Commercial Growth 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 CPN Commercial 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 CPN Stock
CPN Commercial financial ratios help investors to determine whether CPN 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 CPN with respect to the benefits of owning CPN Commercial security.