Coronation Financial (South Africa) Momentum Indicators Rate of change percentage

0P00017RIY   75.51  0.55  0.72%   
Coronation Financial momentum indicators tool provides the execution environment for running the Rate of change percentage indicator and other technical functions against Coronation Financial. Coronation Financial value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Rate of change percentage indicator function is designed to identify and follow existing trends. Momentum indicators of Coronation Financial are pattern recognition functions that provide distinct formation on Coronation Financial potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Rate of change Percentage: (price-prevPrice)/prevPrice indicator measures the percentage change in Coronation Financial price from one period to the next.

Coronation Financial Technical Analysis Modules

Most technical analysis of Coronation Financial 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 Coronation from various momentum indicators to cycle indicators. When you analyze Coronation 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.

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Coronation Financial 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 Coronation Financial 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 Coronation Financial will appreciate offsetting losses from the drop in the long position's value.

Coronation Financial Pair Trading

Coronation Financial Pair Trading Analysis

The ability to find closely correlated positions to Coronation Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coronation Financial 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 Coronation Financial - 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 Coronation Financial to buy it.
The correlation of Coronation Financial 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 Coronation Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coronation Financial 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 Coronation Financial 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.
Pair CorrelationCorrelation Matching
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