Li Kang (Taiwan) Statistic Functions Time Series Forecast
| 6242 Stock | TWD 43.05 0.80 1.82% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Time Series Forecast uses simple linear regression to derive Li Kang Biomedical best fit line over a given time period and plot it forward over user-defined time period.
Li Kang Technical Analysis Modules
Most technical analysis of Li Kang 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 6242 from various momentum indicators to cycle indicators. When you analyze 6242 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 Li Kang 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 Li Kang Biomedical. We use our internally-developed statistical techniques to arrive at the intrinsic value of Li Kang Biomedical based on widely used predictive technical indicators. In general, we focus on analyzing 6242 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Li Kang'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 Li Kang's intrinsic value. In addition to deriving basic predictive indicators for Li Kang, we also check how macroeconomic factors affect Li Kang price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Li Kang Biomedical 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 Li Kang 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 Li Kang will appreciate offsetting losses from the drop in the long position's value.Li Kang Pair Trading
Li Kang Biomedical Pair Trading Analysis
The ability to find closely correlated positions to Li Kang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Li Kang 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 Li Kang - 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 Li Kang Biomedical to buy it.
The correlation of Li Kang 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 Li Kang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Li Kang Biomedical 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 Li Kang 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 6242 Stock Analysis
When running Li Kang's price analysis, check to measure Li Kang's 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 Li Kang is operating at the current time. Most of Li Kang's value examination focuses on studying past and present price action to predict the probability of Li Kang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Li Kang's price. Additionally, you may evaluate how the addition of Li Kang to your portfolios can decrease your overall portfolio volatility.