Hidrovias (Brazil) Pattern Recognition Spinning Top
| HBSA3 Stock | BRL 2.84 0.06 2.07% |
| Symbol |
Recognition |
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of eleven valid pattern recognition events for the selected time horizon. The Spinning Top pattern Reversal/Continuation pattern describes Hidrovias do Brasil neutral movement and is used to signal indecision about the future direction of Hidrovias.
Hidrovias Technical Analysis Modules
Most technical analysis of Hidrovias 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 Hidrovias from various momentum indicators to cycle indicators. When you analyze Hidrovias 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
About Hidrovias 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 Hidrovias do Brasil. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hidrovias do Brasil based on widely used predictive technical indicators. In general, we focus on analyzing Hidrovias Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hidrovias'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 Hidrovias's intrinsic value. In addition to deriving basic predictive indicators for Hidrovias, we also check how macroeconomic factors affect Hidrovias price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Hidrovias do Brasil 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 Hidrovias 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 Hidrovias will appreciate offsetting losses from the drop in the long position's value.Hidrovias Pair Trading
Hidrovias do Brasil Pair Trading Analysis
The ability to find closely correlated positions to Hidrovias could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hidrovias 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 Hidrovias - 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 Hidrovias do Brasil to buy it.
The correlation of Hidrovias 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 Hidrovias moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hidrovias do Brasil 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 Hidrovias 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 Hidrovias Stock Analysis
When running Hidrovias' price analysis, check to measure Hidrovias' 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 Hidrovias is operating at the current time. Most of Hidrovias' value examination focuses on studying past and present price action to predict the probability of Hidrovias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hidrovias' price. Additionally, you may evaluate how the addition of Hidrovias to your portfolios can decrease your overall portfolio volatility.