Hunan Oil (China) Statistic Functions Linear Regression
| 603319 Stock | 16.47 3.71 2.20% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Linear Regression model generates relationship between price series of Hunan Oil Pump and its peer or benchmark and helps predict Hunan Oil future price from its past values.
Hunan Oil Technical Analysis Modules
Most technical analysis of Hunan Oil 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 Hunan from various momentum indicators to cycle indicators. When you analyze Hunan 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 Hunan Oil 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 Hunan Oil Pump. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hunan Oil Pump based on widely used predictive technical indicators. In general, we focus on analyzing Hunan Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hunan Oil'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 Hunan Oil's intrinsic value. In addition to deriving basic predictive indicators for Hunan Oil, we also check how macroeconomic factors affect Hunan Oil price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Hunan Oil Pump 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 Hunan Oil 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 Hunan Oil will appreciate offsetting losses from the drop in the long position's value.Hunan Oil Pair Trading
Hunan Oil Pump Pair Trading Analysis
The ability to find closely correlated positions to Hunan Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hunan Oil 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 Hunan Oil - 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 Hunan Oil Pump to buy it.
The correlation of Hunan Oil 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 Hunan Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hunan Oil Pump 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 Hunan Oil 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 Hunan Stock
Hunan Oil financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Oil security.