NEXA RESOURCES (Germany) Cycle Indicators Hilbert Transform Dominant Cycle Period
| NE0 Stock | EUR 7.25 0.05 0.69% |
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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 NEXA RESOURCES SA price series in order to analyze variations of the instantaneous cycles.
NEXA RESOURCES Technical Analysis Modules
Most technical analysis of NEXA RESOURCES 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 NEXA from various momentum indicators to cycle indicators. When you analyze NEXA 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 NEXA RESOURCES 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 NEXA RESOURCES SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of NEXA RESOURCES SA based on widely used predictive technical indicators. In general, we focus on analyzing NEXA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NEXA RESOURCES'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 NEXA RESOURCES's intrinsic value. In addition to deriving basic predictive indicators for NEXA RESOURCES, we also check how macroeconomic factors affect NEXA RESOURCES price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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NEXA RESOURCES SA 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 NEXA RESOURCES 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 NEXA RESOURCES will appreciate offsetting losses from the drop in the long position's value.NEXA RESOURCES Pair Trading
NEXA RESOURCES SA Pair Trading Analysis
The ability to find closely correlated positions to NEXA RESOURCES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEXA RESOURCES 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 NEXA RESOURCES - 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 NEXA RESOURCES SA to buy it.
The correlation of NEXA RESOURCES 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 NEXA RESOURCES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEXA RESOURCES SA 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 NEXA RESOURCES 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 NEXA Stock
When determining whether NEXA RESOURCES SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEXA RESOURCES's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nexa Resources Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nexa Resources Sa Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXA RESOURCES SA. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.