Meritage Homes (Germany) Overlap Studies Bollinger Bands
| MEY Stock | 149.00 1.00 0.68% |
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Meritage Homes Technical Analysis Modules
Most technical analysis of Meritage Homes 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 Meritage from various momentum indicators to cycle indicators. When you analyze Meritage 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 Meritage Homes 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 Meritage Homes. We use our internally-developed statistical techniques to arrive at the intrinsic value of Meritage Homes based on widely used predictive technical indicators. In general, we focus on analyzing Meritage Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Meritage Homes's daily price indicators and compare them against related drivers, such as overlap studies 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 Meritage Homes's intrinsic value. In addition to deriving basic predictive indicators for Meritage Homes, we also check how macroeconomic factors affect Meritage Homes price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meritage Homes' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Meritage Homes 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 Meritage Homes 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 Meritage Homes will appreciate offsetting losses from the drop in the long position's value.Meritage Homes Pair Trading
Meritage Homes Pair Trading Analysis
The ability to find closely correlated positions to Meritage Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meritage Homes 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 Meritage Homes - 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 Meritage Homes to buy it.
The correlation of Meritage Homes 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 Meritage Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meritage Homes 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 Meritage Homes 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 Meritage Stock Analysis
When running Meritage Homes' price analysis, check to measure Meritage Homes' 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 Meritage Homes is operating at the current time. Most of Meritage Homes' value examination focuses on studying past and present price action to predict the probability of Meritage Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage Homes' price. Additionally, you may evaluate how the addition of Meritage Homes to your portfolios can decrease your overall portfolio volatility.