Alstom SA (France) Math Operators Lowest and highest values over a specified period
| ALO Stock | EUR 20.94 0.25 1.21% |
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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Lowest and highest values over a specified period plots line showing minimum and maximum value of Alstom SA price series.
Alstom SA Technical Analysis Modules
Most technical analysis of Alstom SA 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 Alstom from various momentum indicators to cycle indicators. When you analyze Alstom 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 Alstom SA 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 Alstom SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alstom SA based on widely used predictive technical indicators. In general, we focus on analyzing Alstom Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alstom SA's daily price indicators and compare them against related drivers, such as math operators 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 Alstom SA's intrinsic value. In addition to deriving basic predictive indicators for Alstom SA, we also check how macroeconomic factors affect Alstom SA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Alstom 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 Alstom SA 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 Alstom SA will appreciate offsetting losses from the drop in the long position's value.Alstom SA Pair Trading
Alstom SA Pair Trading Analysis
The ability to find closely correlated positions to Alstom SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alstom SA 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 Alstom SA - 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 Alstom SA to buy it.
The correlation of Alstom SA 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 Alstom SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alstom 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 Alstom SA 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 Alstom Stock
Alstom SA financial ratios help investors to determine whether Alstom 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 Alstom with respect to the benefits of owning Alstom SA security.