PARK24 SPONS (Germany) Momentum Indicators Momentum
| 3WN Stock | EUR 12.90 0.60 4.88% |
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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 Momentum indicator shows the difference between current closing price of PARK24 SPONS ADR1 and PARK24 SPONS close price N days ago.
PARK24 SPONS Technical Analysis Modules
Most technical analysis of PARK24 SPONS 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 PARK24 from various momentum indicators to cycle indicators. When you analyze PARK24 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 PARK24 SPONS 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 PARK24 SPONS ADR1. We use our internally-developed statistical techniques to arrive at the intrinsic value of PARK24 SPONS ADR1 based on widely used predictive technical indicators. In general, we focus on analyzing PARK24 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PARK24 SPONS'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 PARK24 SPONS's intrinsic value. In addition to deriving basic predictive indicators for PARK24 SPONS, we also check how macroeconomic factors affect PARK24 SPONS price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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PARK24 SPONS ADR1 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 PARK24 SPONS 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 PARK24 SPONS will appreciate offsetting losses from the drop in the long position's value.PARK24 SPONS Pair Trading
PARK24 SPONS ADR1 Pair Trading Analysis
The ability to find closely correlated positions to PARK24 SPONS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PARK24 SPONS 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 PARK24 SPONS - 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 PARK24 SPONS ADR1 to buy it.
The correlation of PARK24 SPONS 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 PARK24 SPONS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PARK24 SPONS ADR1 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 PARK24 SPONS 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 PARK24 Stock
PARK24 SPONS financial ratios help investors to determine whether PARK24 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 PARK24 with respect to the benefits of owning PARK24 SPONS security.