Energold Drilling Corp Stock Statistic Functions Linear Regression Angle
Energold Drilling statistic functions tool provides the execution environment for running the Linear Regression Angle function and other technical functions against Energold Drilling. Energold Drilling 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 statistic functions indicators. As with most other technical indicators, the Linear Regression Angle function function is designed to identify and follow existing trends. Energold Drilling statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Linear Regression Angle indicator plots the angel of the trend line for each Energold Drilling Corp data point.
Energold Drilling Technical Analysis Modules
Most technical analysis of Energold Drilling 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 Energold from various momentum indicators to cycle indicators. When you analyze Energold 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 Energold Drilling 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 Energold Drilling Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Energold Drilling Corp based on widely used predictive technical indicators. In general, we focus on analyzing Energold Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Energold Drilling's daily price indicators and compare them against related drivers, such as statistic functions 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 Energold Drilling's intrinsic value. In addition to deriving basic predictive indicators for Energold Drilling, we also check how macroeconomic factors affect Energold Drilling price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Energold Drilling Corp 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 Energold Drilling 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 Energold Drilling will appreciate offsetting losses from the drop in the long position's value.Energold Drilling Pair Trading
Energold Drilling Corp Pair Trading Analysis
The ability to find closely correlated positions to Energold Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energold Drilling 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 Energold Drilling - 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 Energold Drilling Corp to buy it.
The correlation of Energold Drilling 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 Energold Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energold Drilling Corp 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 Energold Drilling 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 Energold Pink Sheet
Energold Drilling financial ratios help investors to determine whether Energold Pink Sheet 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 Energold with respect to the benefits of owning Energold Drilling security.