BRIM Biotechnology (Taiwan) Momentum Indicators Relative Strength Index
| 6885 Stock | 38.10 0.15 0.40% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Relative Strength Index was developed by Welles Wilder to measures the speed and change of BRIM Biotechnology price movements.
BRIM Biotechnology Technical Analysis Modules
Most technical analysis of BRIM Biotechnology 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 BRIM from various momentum indicators to cycle indicators. When you analyze BRIM 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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BRIM Biotechnology 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 BRIM Biotechnology 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 BRIM Biotechnology will appreciate offsetting losses from the drop in the long position's value.BRIM Biotechnology Pair Trading
BRIM Biotechnology Pair Trading Analysis
The ability to find closely correlated positions to BRIM Biotechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRIM Biotechnology 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 BRIM Biotechnology - 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 BRIM Biotechnology to buy it.
The correlation of BRIM Biotechnology 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 BRIM Biotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRIM Biotechnology 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 BRIM Biotechnology 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 BRIM Stock Analysis
When running BRIM Biotechnology's price analysis, check to measure BRIM Biotechnology'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 BRIM Biotechnology is operating at the current time. Most of BRIM Biotechnology's value examination focuses on studying past and present price action to predict the probability of BRIM Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BRIM Biotechnology's price. Additionally, you may evaluate how the addition of BRIM Biotechnology to your portfolios can decrease your overall portfolio volatility.