Coronation Industrial (South Africa) Pattern Recognition Three Advancing White Soldiers

0P0000IR56   299.08  2.86  0.97%   
Coronation Industrial pattern recognition tool provides the execution environment for running the Three Advancing White Soldiers recognition and other technical functions against Coronation Industrial. Coronation Industrial 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 pattern recognition indicators. As with most other technical indicators, the Three Advancing White Soldiers recognition function is designed to identify and follow existing trends. Coronation Industrial momentum indicators are usually used to generate trading rules based on assumptions that Coronation Industrial trends in prices tend to continue for long periods.

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 twelve with a total number of output elements of fourty-nine. The function did not return any valid pattern recognition events for the selected time horizon. The Three Advancing White Soldiers indicator describes Coronation Industrial market reversal pattern.

Coronation Industrial Technical Analysis Modules

Most technical analysis of Coronation Industrial 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 Coronation from various momentum indicators to cycle indicators. When you analyze Coronation 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.

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Coronation Industrial 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 Coronation Industrial 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 Coronation Industrial will appreciate offsetting losses from the drop in the long position's value.

Coronation Industrial Pair Trading

Coronation Industrial Pair Trading Analysis

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