Bonava AB (Sweden) Price Transform Weighted Close Price

BONAV-B Stock  SEK 8.48  0.51  6.40%   
Bonava AB price transform tool provides the execution environment for running the Weighted Close Price transformation and other technical functions against Bonava AB. Bonava AB 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 price transform indicators. As with most other technical indicators, the Weighted Close Price transformation function is designed to identify and follow existing trends. Bonava AB price transformation methods enable investors to generate trading signals using basic price transformation functions such as typical price movement.

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Bonava AB high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Bonava AB closing price as input.

Bonava AB Technical Analysis Modules

Most technical analysis of Bonava AB 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 Bonava from various momentum indicators to cycle indicators. When you analyze Bonava 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 Bonava AB 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 Bonava AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bonava AB based on widely used predictive technical indicators. In general, we focus on analyzing Bonava Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bonava AB's daily price indicators and compare them against related drivers, such as price transform 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 Bonava AB's intrinsic value. In addition to deriving basic predictive indicators for Bonava AB, we also check how macroeconomic factors affect Bonava AB price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bonava AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
5.838.4811.13
Details
Intrinsic
Valuation
LowRealHigh
4.467.119.76
Details

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Bonava AB 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 Bonava AB 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 Bonava AB will appreciate offsetting losses from the drop in the long position's value.

Bonava AB Pair Trading

Bonava AB Pair Trading Analysis

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

Bonava AB financial ratios help investors to determine whether Bonava 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 Bonava with respect to the benefits of owning Bonava AB security.