Exco Technologies Limited Stock Pattern Recognition Kicking bull or bear determined by the longer marubozu
| XTC Stock | CAD 8.28 0.03 0.36% |
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Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was eleven with a total number of output elements of fifty. The function did not return any valid pattern recognition events for the selected time horizon. The Kicking - bull/bear determined by the longer marubozu is one of the most powerful patterns that may predict Exco Technologies bearish trend reversal.
Exco Technologies Technical Analysis Modules
Most technical analysis of Exco Technologies 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 Exco from various momentum indicators to cycle indicators. When you analyze Exco 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 Exco Technologies 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 Exco Technologies Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Exco Technologies Limited based on widely used predictive technical indicators. In general, we focus on analyzing Exco Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Exco Technologies's daily price indicators and compare them against related drivers, such as pattern recognition 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 Exco Technologies's intrinsic value. In addition to deriving basic predictive indicators for Exco Technologies, we also check how macroeconomic factors affect Exco Technologies price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | PTB Ratio | 0.86 | 0.78 | 0.9 | 1.68 | Price To Sales Ratio | 0.61 | 0.47 | 0.54 | 0.51 |
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Exco Technologies 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 Exco Technologies 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 Exco Technologies will appreciate offsetting losses from the drop in the long position's value.Exco Technologies Pair Trading
Exco Technologies Limited Pair Trading Analysis
The ability to find closely correlated positions to Exco Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exco Technologies 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 Exco Technologies - 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 Exco Technologies Limited to buy it.
The correlation of Exco Technologies 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 Exco Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exco Technologies 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 Exco Technologies 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 Exco Stock
Exco Technologies financial ratios help investors to determine whether Exco 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 Exco with respect to the benefits of owning Exco Technologies security.