Globetronics Tech (Malaysia) Overlap Studies Bollinger Bands
| 7022 Stock | 0.55 0.01 1.79% |
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The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Globetronics Tech middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Globetronics Tech Bhd. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Globetronics Tech Technical Analysis Modules
Most technical analysis of Globetronics Tech 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 Globetronics from various momentum indicators to cycle indicators. When you analyze Globetronics 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 Globetronics Tech 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 Globetronics Tech Bhd. We use our internally-developed statistical techniques to arrive at the intrinsic value of Globetronics Tech Bhd based on widely used predictive technical indicators. In general, we focus on analyzing Globetronics Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Globetronics Tech's daily price indicators and compare them against related drivers, such as overlap studies 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 Globetronics Tech's intrinsic value. In addition to deriving basic predictive indicators for Globetronics Tech, we also check how macroeconomic factors affect Globetronics Tech price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Globetronics Tech Bhd 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 Globetronics Tech 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 Globetronics Tech will appreciate offsetting losses from the drop in the long position's value.Globetronics Tech Pair Trading
Globetronics Tech Bhd Pair Trading Analysis
The ability to find closely correlated positions to Globetronics Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globetronics Tech 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 Globetronics Tech - 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 Globetronics Tech Bhd to buy it.
The correlation of Globetronics Tech 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 Globetronics Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globetronics Tech Bhd 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 Globetronics Tech 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 Globetronics Stock
Globetronics Tech financial ratios help investors to determine whether Globetronics 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 Globetronics with respect to the benefits of owning Globetronics Tech security.