Dimed SA (Brazil) Overlap Studies Simple Moving Average
| PNVL3 Stock | BRL 8.70 0.02 0.23% |
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Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Simple Moving Average indicator is calculated by adding the closing price of Dimed SA for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out Dimed SA Distribuidora short-term fluctuations and highlight longer-term trends or cycles.
Dimed SA Technical Analysis Modules
Most technical analysis of Dimed 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 Dimed from various momentum indicators to cycle indicators. When you analyze Dimed 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 Dimed 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 Dimed SA Distribuidora. We use our internally-developed statistical techniques to arrive at the intrinsic value of Dimed SA Distribuidora based on widely used predictive technical indicators. In general, we focus on analyzing Dimed Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Dimed SA'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 Dimed SA's intrinsic value. In addition to deriving basic predictive indicators for Dimed SA, we also check how macroeconomic factors affect Dimed 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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Dimed SA Distribuidora 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 Dimed 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 Dimed SA will appreciate offsetting losses from the drop in the long position's value.Dimed SA Pair Trading
Dimed SA Distribuidora Pair Trading Analysis
The ability to find closely correlated positions to Dimed 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 Dimed 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 Dimed 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 Dimed SA Distribuidora to buy it.
The correlation of Dimed 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 Dimed SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dimed SA Distribuidora 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 Dimed 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.Additional Tools for Dimed Stock Analysis
When running Dimed SA's price analysis, check to measure Dimed SA'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 Dimed SA is operating at the current time. Most of Dimed SA's value examination focuses on studying past and present price action to predict the probability of Dimed SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dimed SA's price. Additionally, you may evaluate how the addition of Dimed SA to your portfolios can decrease your overall portfolio volatility.