John Keells (Sri Lanka) Pattern Recognition Shooting Star
| KHLN0000 | 18.80 0.30 1.62% |
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Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was eleven with a total number of output elements of fifty. The function did not return any valid pattern recognition events for the selected time horizon. The Shooting Star pattern is one of reversal pattern that can predict John Keells Hotels falling future prices.
John Keells Technical Analysis Modules
Most technical analysis of John Keells 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 John from various momentum indicators to cycle indicators. When you analyze John 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 John Keells 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 John Keells Hotels. We use our internally-developed statistical techniques to arrive at the intrinsic value of John Keells Hotels based on widely used predictive technical indicators. In general, we focus on analyzing John Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build John Keells's daily price indicators and compare them against related drivers, such as pattern recognition 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 John Keells's intrinsic value. In addition to deriving basic predictive indicators for John Keells, we also check how macroeconomic factors affect John Keells price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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John Keells Hotels 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 John Keells 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 John Keells will appreciate offsetting losses from the drop in the long position's value.John Keells Pair Trading
John Keells Hotels Pair Trading Analysis
The ability to find closely correlated positions to John Keells could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John Keells 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 John Keells - 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 John Keells Hotels to buy it.
The correlation of John Keells 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 John Keells moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Keells Hotels 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 John Keells 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 John Stock
John Keells financial ratios help investors to determine whether John 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 John with respect to the benefits of owning John Keells security.