PT Bumi (Germany) Overlap Studies Parabolic SAR
| PJM Stock | EUR 0.01 0.0005 6.25% |
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The output start index for this execution was one with a total number of output elements of sixty. The Parabolic SAR indicator is used to determine the direction of PT Bumi Resources's momentum and the point in time when PT Bumi has higher than normal probability directional change.
PT Bumi Technical Analysis Modules
Most technical analysis of PT Bumi 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 PJM from various momentum indicators to cycle indicators. When you analyze PJM 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 PT Bumi 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 PT Bumi Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of PT Bumi Resources based on widely used predictive technical indicators. In general, we focus on analyzing PJM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PT Bumi'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 PT Bumi's intrinsic value. In addition to deriving basic predictive indicators for PT Bumi, we also check how macroeconomic factors affect PT Bumi price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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PT Bumi Resources 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 PT Bumi 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 PT Bumi will appreciate offsetting losses from the drop in the long position's value.PT Bumi Pair Trading
PT Bumi Resources Pair Trading Analysis
The ability to find closely correlated positions to PT Bumi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Bumi 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 PT Bumi - 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 PT Bumi Resources to buy it.
The correlation of PT Bumi 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 PT Bumi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Bumi Resources 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 PT Bumi 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 PJM Stock
PT Bumi financial ratios help investors to determine whether PJM 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 PJM with respect to the benefits of owning PT Bumi security.