Johnson Health (Taiwan) Momentum Indicators Balance Of Power
| 1736 Stock | TWD 157.50 3.00 1.94% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. The Balance Of Power measures the strength of Johnson Health market sensitivity to bulls and bears. It estimates the ability of Johnson Health Tech to push price to an extreme high or extreme low level. As a result, by monitoring Johnson Health Balance of Power indicator one can determine a trend of the price direction
Johnson Health Technical Analysis Modules
Most technical analysis of Johnson Health 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 Johnson from various momentum indicators to cycle indicators. When you analyze Johnson 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 Johnson Health 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 Johnson Health Tech. We use our internally-developed statistical techniques to arrive at the intrinsic value of Johnson Health Tech based on widely used predictive technical indicators. In general, we focus on analyzing Johnson Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Johnson Health's daily price indicators and compare them against related drivers, such as momentum 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 Johnson Health's intrinsic value. In addition to deriving basic predictive indicators for Johnson Health, we also check how macroeconomic factors affect Johnson Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Johnson Health Tech 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 Johnson Health 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 Johnson Health will appreciate offsetting losses from the drop in the long position's value.Johnson Health Pair Trading
Johnson Health Tech Pair Trading Analysis
The ability to find closely correlated positions to Johnson Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Johnson Health 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 Johnson Health - 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 Johnson Health Tech to buy it.
The correlation of Johnson Health 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 Johnson Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Johnson Health Tech 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 Johnson Health 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 Johnson Stock Analysis
When running Johnson Health's price analysis, check to measure Johnson Health'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 Johnson Health is operating at the current time. Most of Johnson Health's value examination focuses on studying past and present price action to predict the probability of Johnson Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Health's price. Additionally, you may evaluate how the addition of Johnson Health to your portfolios can decrease your overall portfolio volatility.