Daoming OpticsChemical (China) Momentum Indicators Stochastic Relative Strength Index
| 002632 Stock | 9.05 0.28 3.00% |
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The output start index for this execution was sixteen with a total number of output elements of fourty-five. The Stochastic Relative Strength Index compares Daoming OpticsChemical closing price in relationship to its price range over a given period of time. When the Daoming OpticsChemical SRSI reaches up above the upper threshold line, the equity is considered overbought with anticipation a reversal of Daoming OpticsChemical trend.
Daoming OpticsChemical Technical Analysis Modules
Most technical analysis of Daoming OpticsChemical 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 Daoming from various momentum indicators to cycle indicators. When you analyze Daoming 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 Daoming OpticsChemical 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 Daoming OpticsChemical Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Daoming OpticsChemical Co based on widely used predictive technical indicators. In general, we focus on analyzing Daoming Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Daoming OpticsChemical'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 Daoming OpticsChemical's intrinsic value. In addition to deriving basic predictive indicators for Daoming OpticsChemical, we also check how macroeconomic factors affect Daoming OpticsChemical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Daoming OpticsChemical 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 Daoming OpticsChemical 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 Daoming OpticsChemical will appreciate offsetting losses from the drop in the long position's value.Daoming OpticsChemical Pair Trading
Daoming OpticsChemical Co Pair Trading Analysis
The ability to find closely correlated positions to Daoming OpticsChemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daoming OpticsChemical 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 Daoming OpticsChemical - 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 Daoming OpticsChemical Co to buy it.
The correlation of Daoming OpticsChemical 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 Daoming OpticsChemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daoming OpticsChemical 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 Daoming OpticsChemical 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 Daoming Stock
Daoming OpticsChemical financial ratios help investors to determine whether Daoming 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 Daoming with respect to the benefits of owning Daoming OpticsChemical security.