THONBURI HEALTHCARE (Thailand) Overlap Studies Simple Moving Average

THG-R Stock  THB 17.00  1.06  5.87%   
THONBURI HEALTHCARE overlap studies tool provides the execution environment for running the Simple Moving Average study and other technical functions against THONBURI HEALTHCARE. THONBURI HEALTHCARE value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of overlap studies indicators. As with most other technical indicators, the Simple Moving Average study function is designed to identify and follow existing trends. THONBURI HEALTHCARE overlay technical analysis usually involve calculating upper and lower limits of price movements based on various statistical techniques. Please specify Time Period to run this model.

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Simple Moving Average indicator is calculated by adding the closing price of THONBURI HEALTHCARE for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out THONBURI HEALTHCARE GRO short-term fluctuations and highlight longer-term trends or cycles.

THONBURI HEALTHCARE Technical Analysis Modules

Most technical analysis of THONBURI HEALTHCARE 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 THONBURI from various momentum indicators to cycle indicators. When you analyze THONBURI 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.

About THONBURI HEALTHCARE 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 THONBURI HEALTHCARE GRO NVDR. We use our internally-developed statistical techniques to arrive at the intrinsic value of THONBURI HEALTHCARE GRO NVDR based on widely used predictive technical indicators. In general, we focus on analyzing THONBURI Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build THONBURI HEALTHCARE'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 THONBURI HEALTHCARE's intrinsic value. In addition to deriving basic predictive indicators for THONBURI HEALTHCARE, we also check how macroeconomic factors affect THONBURI HEALTHCARE price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
6.6217.0027.38
Details
Intrinsic
Valuation
LowRealHigh
5.9416.3226.70
Details

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THONBURI HEALTHCARE GRO 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 THONBURI HEALTHCARE 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 THONBURI HEALTHCARE will appreciate offsetting losses from the drop in the long position's value.

THONBURI HEALTHCARE Pair Trading

THONBURI HEALTHCARE GRO NVDR Pair Trading Analysis

The ability to find closely correlated positions to THONBURI HEALTHCARE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THONBURI HEALTHCARE 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 THONBURI HEALTHCARE - 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 THONBURI HEALTHCARE GRO NVDR to buy it.
The correlation of THONBURI HEALTHCARE 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 THONBURI HEALTHCARE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if THONBURI HEALTHCARE GRO 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 THONBURI HEALTHCARE 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in THONBURI Stock

THONBURI HEALTHCARE financial ratios help investors to determine whether THONBURI 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 THONBURI with respect to the benefits of owning THONBURI HEALTHCARE security.