Grenergy Renovables (Spain) Cycle Indicators Hilbert Transform Dominant Cycle Period
| GRE Stock | EUR 28.50 0.20 0.71% |
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The output start index for this execution was thirty-two with a total number of output elements of twenty-nine. The Hilbert Transform - Dominant Cycle Period indicator is used to generate in-phase and quadrature components of Grenergy Renovables price series in order to analyze variations of the instantaneous cycles.
Grenergy Renovables Technical Analysis Modules
Most technical analysis of Grenergy Renovables 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 Grenergy from various momentum indicators to cycle indicators. When you analyze Grenergy 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 Grenergy Renovables 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 Grenergy Renovables SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Grenergy Renovables SA based on widely used predictive technical indicators. In general, we focus on analyzing Grenergy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Grenergy Renovables's daily price indicators and compare them against related drivers, such as cycle 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 Grenergy Renovables's intrinsic value. In addition to deriving basic predictive indicators for Grenergy Renovables, we also check how macroeconomic factors affect Grenergy Renovables price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Grenergy Renovables 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 Grenergy Renovables 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 Grenergy Renovables will appreciate offsetting losses from the drop in the long position's value.Grenergy Renovables Pair Trading
Grenergy Renovables SA Pair Trading Analysis
The ability to find closely correlated positions to Grenergy Renovables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grenergy Renovables 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 Grenergy Renovables - 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 Grenergy Renovables SA to buy it.
The correlation of Grenergy Renovables 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 Grenergy Renovables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grenergy Renovables 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 Grenergy Renovables 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 Grenergy Stock
Grenergy Renovables financial ratios help investors to determine whether Grenergy 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 Grenergy with respect to the benefits of owning Grenergy Renovables security.