LG Display (Korea) Volatility Indicators Average True Range
| 034220 Stock | 9,930 130.00 1.33% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of LG Display volatility. High ATR values indicate high volatility, and low values indicate low volatility.
LG Display Technical Analysis Modules
Most technical analysis of LG Display 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 034220 from various momentum indicators to cycle indicators. When you analyze 034220 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 LG Display 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 LG Display Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of LG Display Co based on widely used predictive technical indicators. In general, we focus on analyzing 034220 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build LG Display's daily price indicators and compare them against related drivers, such as volatility 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 LG Display's intrinsic value. In addition to deriving basic predictive indicators for LG Display, we also check how macroeconomic factors affect LG Display price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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LG Display 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 LG Display 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 LG Display will appreciate offsetting losses from the drop in the long position's value.LG Display Pair Trading
LG Display Co Pair Trading Analysis
The ability to find closely correlated positions to LG Display could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LG Display 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 LG Display - 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 LG Display Co to buy it.
The correlation of LG Display 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 LG Display moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Display 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 LG Display 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 Information and Resources on Investing in 034220 Stock
When determining whether LG Display is a strong investment it is important to analyze LG Display's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LG Display's future performance. For an informed investment choice regarding 034220 Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in LG Display Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.