INDUSTRIAL MEDICAL (Nigeria) Overlap Studies Simple Moving Average
IMG Stock | 37.95 0.00 0.00% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Simple Moving Average indicator is calculated by adding the closing price of INDUSTRIAL MEDICAL for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out INDUSTRIAL MEDICAL GASES short-term fluctuations and highlight longer-term trends or cycles.
INDUSTRIAL MEDICAL Technical Analysis Modules
Most technical analysis of INDUSTRIAL MEDICAL 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 INDUSTRIAL from various momentum indicators to cycle indicators. When you analyze INDUSTRIAL 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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Volume Indicators |
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INDUSTRIAL MEDICAL GASES 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 INDUSTRIAL MEDICAL 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 INDUSTRIAL MEDICAL will appreciate offsetting losses from the drop in the long position's value.INDUSTRIAL MEDICAL Pair Trading
INDUSTRIAL MEDICAL GASES Pair Trading Analysis
The ability to find closely correlated positions to INDUSTRIAL MEDICAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INDUSTRIAL MEDICAL 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 INDUSTRIAL MEDICAL - 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 INDUSTRIAL MEDICAL GASES to buy it.
The correlation of INDUSTRIAL MEDICAL 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 INDUSTRIAL MEDICAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INDUSTRIAL MEDICAL GASES 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 INDUSTRIAL MEDICAL 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 INDUSTRIAL Stock Analysis
When running INDUSTRIAL MEDICAL's price analysis, check to measure INDUSTRIAL MEDICAL'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 INDUSTRIAL MEDICAL is operating at the current time. Most of INDUSTRIAL MEDICAL's value examination focuses on studying past and present price action to predict the probability of INDUSTRIAL MEDICAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INDUSTRIAL MEDICAL's price. Additionally, you may evaluate how the addition of INDUSTRIAL MEDICAL to your portfolios can decrease your overall portfolio volatility.