Leggett Platt (Germany) Volatility Indicators Average True Range
| LP1 Stock | EUR 10.86 0.01 0.09% |
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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Leggett Platt volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Leggett Platt Technical Analysis Modules
Most technical analysis of Leggett Platt 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 Leggett from various momentum indicators to cycle indicators. When you analyze Leggett 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 Leggett Platt 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 Leggett Platt Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Leggett Platt Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing Leggett Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Leggett Platt's daily price indicators and compare them against related drivers, such as volatility indicators 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 Leggett Platt's intrinsic value. In addition to deriving basic predictive indicators for Leggett Platt, we also check how macroeconomic factors affect Leggett Platt price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Leggett Platt 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 Leggett Platt 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 Leggett Platt will appreciate offsetting losses from the drop in the long position's value.Leggett Platt Pair Trading
Leggett Platt Incorporated Pair Trading Analysis
The ability to find closely correlated positions to Leggett Platt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leggett Platt 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 Leggett Platt - 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 Leggett Platt Incorporated to buy it.
The correlation of Leggett Platt 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 Leggett Platt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leggett Platt 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 Leggett Platt 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 Information and Resources on Investing in Leggett Stock
When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..