Axfood AB (Germany) Momentum Indicators MACD with controllable MA type
| AXL1 Stock | EUR 20.43 0.51 2.56% |
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The output start index for this execution was thirty-three with a total number of output elements of twenty-eight. MACD with controllable MA type is a predictive momentum indicator that shows the relationship between Axfood AB price series and its benchmark allowing for selection of moving average.
Axfood AB Technical Analysis Modules
Most technical analysis of Axfood AB 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 Axfood from various momentum indicators to cycle indicators. When you analyze Axfood 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 Axfood AB 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 Axfood AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Axfood AB based on widely used predictive technical indicators. In general, we focus on analyzing Axfood Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Axfood AB'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 Axfood AB's intrinsic value. In addition to deriving basic predictive indicators for Axfood AB, we also check how macroeconomic factors affect Axfood AB price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Axfood AB 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 Axfood AB 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 Axfood AB will appreciate offsetting losses from the drop in the long position's value.Axfood AB Pair Trading
Axfood AB Pair Trading Analysis
The ability to find closely correlated positions to Axfood AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axfood AB 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 Axfood AB - 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 Axfood AB to buy it.
The correlation of Axfood AB 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 Axfood AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axfood AB 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 Axfood AB 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 Axfood Stock
Axfood AB financial ratios help investors to determine whether Axfood 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 Axfood with respect to the benefits of owning Axfood AB security.