Cheryong Electric (Korea) Statistic Functions Linear Regression

033100 Stock  KRW 39,200  1,900  4.62%   
Cheryong Electric statistic functions tool provides the execution environment for running the Linear Regression function and other technical functions against Cheryong Electric. Cheryong Electric 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 statistic functions indicators. As with most other technical indicators, the Linear Regression function function is designed to identify and follow existing trends. Cheryong Electric statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Linear Regression model generates relationship between price series of Cheryong Electric CoLtd and its peer or benchmark and helps predict Cheryong Electric future price from its past values.

Cheryong Electric Technical Analysis Modules

Most technical analysis of Cheryong Electric 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 Cheryong from various momentum indicators to cycle indicators. When you analyze Cheryong 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.

About Cheryong Electric 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 Cheryong Electric CoLtd. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cheryong Electric CoLtd based on widely used predictive technical indicators. In general, we focus on analyzing Cheryong Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cheryong Electric's daily price indicators and compare them against related drivers, such as statistic functions 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 Cheryong Electric's intrinsic value. In addition to deriving basic predictive indicators for Cheryong Electric, we also check how macroeconomic factors affect Cheryong Electric price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
39,19539,20039,205
Details
Intrinsic
Valuation
LowRealHigh
37,96337,96843,120
Details
Naive
Forecast
LowNextHigh
37,04037,04537,049
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
41,91744,26546,613
Details

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Cheryong Electric CoLtd 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 Cheryong Electric 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 Cheryong Electric will appreciate offsetting losses from the drop in the long position's value.

Cheryong Electric Pair Trading

Cheryong Electric CoLtd Pair Trading Analysis

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

Other Information on Investing in Cheryong Stock

Cheryong Electric financial ratios help investors to determine whether Cheryong 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 Cheryong with respect to the benefits of owning Cheryong Electric security.