Asia Optical (Taiwan) Momentum Indicators Aroon
| 3019 Stock | TWD 115.00 2.50 2.22% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Aroon Indicator was developed by Tushar S. Chande to indicate when a new trend is dawning. The indicator consists of two lines that measure how long it has been since the highest high/lowest low has occurred within an (N) period range. When Asia Optical Aroon Up is staying between 70 and 100 then it indicates an upward trend. When the Aroon Down is staying between 70 and 100 then it indicates an downward trend. A strong upward trend is indicated when the Aroon Up is above 70 while the Aroon Down is below 30. When Asia Optical Aroon Down crosses above the Aroon Up, it indicates a weakening of the upward trend (and vice versa).
Asia Optical Technical Analysis Modules
Most technical analysis of Asia Optical 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 Asia from various momentum indicators to cycle indicators. When you analyze Asia 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 Asia Optical 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 Asia Optical Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Asia Optical Co based on widely used predictive technical indicators. In general, we focus on analyzing Asia Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Asia Optical's daily price indicators and compare them against related drivers, such as momentum indicators 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 Asia Optical's intrinsic value. In addition to deriving basic predictive indicators for Asia Optical, we also check how macroeconomic factors affect Asia Optical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Asia Optical 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 Asia Optical 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 Asia Optical will appreciate offsetting losses from the drop in the long position's value.Asia Optical Pair Trading
Asia Optical Co Pair Trading Analysis
The ability to find closely correlated positions to Asia Optical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Optical 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 Asia Optical - 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 Asia Optical Co to buy it.
The correlation of Asia Optical 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 Asia Optical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Optical 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 Asia Optical 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 Asia Stock Analysis
When running Asia Optical's price analysis, check to measure Asia Optical'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 Asia Optical is operating at the current time. Most of Asia Optical's value examination focuses on studying past and present price action to predict the probability of Asia Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Optical's price. Additionally, you may evaluate how the addition of Asia Optical to your portfolios can decrease your overall portfolio volatility.