Cathay Consolidated (Taiwan) Momentum Indicators Relative Strength Index
| 1342 Stock | TWD 105.50 2.50 2.31% |
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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Relative Strength Index was developed by Welles Wilder to measures the speed and change of Cathay Consolidated price movements.
Cathay Consolidated Technical Analysis Modules
Most technical analysis of Cathay Consolidated 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 Cathay from various momentum indicators to cycle indicators. When you analyze Cathay 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 Cathay Consolidated 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 Cathay Consolidated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cathay Consolidated based on widely used predictive technical indicators. In general, we focus on analyzing Cathay Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cathay Consolidated'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 Cathay Consolidated's intrinsic value. In addition to deriving basic predictive indicators for Cathay Consolidated, we also check how macroeconomic factors affect Cathay Consolidated price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Cathay Consolidated 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 Cathay Consolidated 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 Cathay Consolidated will appreciate offsetting losses from the drop in the long position's value.Cathay Consolidated Pair Trading
Cathay Consolidated Pair Trading Analysis
The ability to find closely correlated positions to Cathay Consolidated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Consolidated 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 Cathay Consolidated - 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 Cathay Consolidated to buy it.
The correlation of Cathay Consolidated 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 Cathay Consolidated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay Consolidated 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 Cathay Consolidated 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 Cathay Stock Analysis
When running Cathay Consolidated's price analysis, check to measure Cathay Consolidated'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 Cathay Consolidated is operating at the current time. Most of Cathay Consolidated's value examination focuses on studying past and present price action to predict the probability of Cathay Consolidated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Consolidated's price. Additionally, you may evaluate how the addition of Cathay Consolidated to your portfolios can decrease your overall portfolio volatility.