Groupe Minoteries (Switzerland) Price Transform Average Price
| GMI Stock | CHF 266.00 2.00 0.76% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Groupe Minoteries Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Groupe Minoteries Technical Analysis Modules
Most technical analysis of Groupe Minoteries 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 Groupe from various momentum indicators to cycle indicators. When you analyze Groupe 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 Groupe Minoteries 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 Groupe Minoteries SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Groupe Minoteries SA based on widely used predictive technical indicators. In general, we focus on analyzing Groupe Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Groupe Minoteries's daily price indicators and compare them against related drivers, such as price transform 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 Groupe Minoteries's intrinsic value. In addition to deriving basic predictive indicators for Groupe Minoteries, we also check how macroeconomic factors affect Groupe Minoteries price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Groupe Minoteries 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 Groupe Minoteries 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 Groupe Minoteries will appreciate offsetting losses from the drop in the long position's value.Groupe Minoteries Pair Trading
Groupe Minoteries SA Pair Trading Analysis
The ability to find closely correlated positions to Groupe Minoteries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groupe Minoteries 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 Groupe Minoteries - 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 Groupe Minoteries SA to buy it.
The correlation of Groupe Minoteries 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 Groupe Minoteries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groupe Minoteries 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 Groupe Minoteries 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 Groupe Stock Analysis
When running Groupe Minoteries' price analysis, check to measure Groupe Minoteries' 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 Groupe Minoteries is operating at the current time. Most of Groupe Minoteries' value examination focuses on studying past and present price action to predict the probability of Groupe Minoteries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Groupe Minoteries' price. Additionally, you may evaluate how the addition of Groupe Minoteries to your portfolios can decrease your overall portfolio volatility.