Sonetel AB (Sweden) Overlap Studies Bollinger Bands
| SONE Stock | SEK 4.86 0.28 6.11% |
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The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Sonetel AB middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Sonetel AB. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Sonetel AB Technical Analysis Modules
Most technical analysis of Sonetel AB 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 Sonetel from various momentum indicators to cycle indicators. When you analyze Sonetel 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 Sonetel AB 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 Sonetel AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sonetel AB based on widely used predictive technical indicators. In general, we focus on analyzing Sonetel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sonetel AB's daily price indicators and compare them against related drivers, such as overlap studies 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 Sonetel AB's intrinsic value. In addition to deriving basic predictive indicators for Sonetel AB, we also check how macroeconomic factors affect Sonetel AB price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Sonetel AB 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 Sonetel AB 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 Sonetel AB will appreciate offsetting losses from the drop in the long position's value.Sonetel AB Pair Trading
Sonetel AB Pair Trading Analysis
The ability to find closely correlated positions to Sonetel AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonetel AB 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 Sonetel AB - 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 Sonetel AB to buy it.
The correlation of Sonetel AB 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 Sonetel AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonetel AB 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 Sonetel AB 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 Sonetel Stock Analysis
When running Sonetel AB's price analysis, check to measure Sonetel AB'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 Sonetel AB is operating at the current time. Most of Sonetel AB's value examination focuses on studying past and present price action to predict the probability of Sonetel AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonetel AB's price. Additionally, you may evaluate how the addition of Sonetel AB to your portfolios can decrease your overall portfolio volatility.