ASA METROPOLIS (Brazil) Momentum Indicators Average Directional Movement Index Rating
| ASMT11 Fund | 39.00 0.47 1.19% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of ASA METROPOLIS FUNDO is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret ASA METROPOLIS ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.
ASA METROPOLIS Technical Analysis Modules
Most technical analysis of ASA METROPOLIS 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 ASA from various momentum indicators to cycle indicators. When you analyze ASA 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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ASA METROPOLIS FUNDO 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 ASA METROPOLIS 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 ASA METROPOLIS will appreciate offsetting losses from the drop in the long position's value.ASA METROPOLIS Pair Trading
ASA METROPOLIS FUNDO Pair Trading Analysis
The ability to find closely correlated positions to ASA METROPOLIS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASA METROPOLIS 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 ASA METROPOLIS - 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 ASA METROPOLIS FUNDO to buy it.
The correlation of ASA METROPOLIS 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 ASA METROPOLIS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASA METROPOLIS FUNDO 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 ASA METROPOLIS 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.| Bonds Directory Find actively traded corporate debentures issued by US companies | |
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