Hengli Petrochemical (China) Momentum Indicators Balance Of Power
| 600346 Stock | 15.34 0.12 0.79% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. The Balance Of Power measures the strength of Hengli Petrochemical market sensitivity to bulls and bears. It estimates the ability of Hengli Petrochemical to push price to an extreme high or extreme low level. As a result, by monitoring Hengli Petrochemical Balance of Power indicator one can determine a trend of the price direction
Hengli Petrochemical Technical Analysis Modules
Most technical analysis of Hengli Petrochemical 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 Hengli from various momentum indicators to cycle indicators. When you analyze Hengli 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 Hengli Petrochemical 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 Hengli Petrochemical Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hengli Petrochemical Co based on widely used predictive technical indicators. In general, we focus on analyzing Hengli Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hengli Petrochemical'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 Hengli Petrochemical's intrinsic value. In addition to deriving basic predictive indicators for Hengli Petrochemical, we also check how macroeconomic factors affect Hengli Petrochemical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Hengli Petrochemical 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 Hengli Petrochemical 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 Hengli Petrochemical will appreciate offsetting losses from the drop in the long position's value.Hengli Petrochemical Pair Trading
Hengli Petrochemical Co Pair Trading Analysis
The ability to find closely correlated positions to Hengli Petrochemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hengli Petrochemical 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 Hengli Petrochemical - 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 Hengli Petrochemical Co to buy it.
The correlation of Hengli Petrochemical 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 Hengli Petrochemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hengli Petrochemical 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 Hengli Petrochemical 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 Hengli Stock
Hengli Petrochemical financial ratios help investors to determine whether Hengli 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 Hengli with respect to the benefits of owning Hengli Petrochemical security.