HNX 30 volume indicators tool provides the execution environment for running the Chaikin AD Line indicator and other technical functions against HNX 30. HNX 30 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 volume indicators indicators. As with most other technical indicators, the Chaikin AD Line indicator function is designed to identify and follow existing trends. HNX 30 volume indicators are based on Chaikin accumulation (buying pressure) and distribution (selling pressure) factors to determine the likely sustainability of a given price move.
HNX 30 Technical Analysis ModulesMost technical analysis of HNX 30 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 HNX from various momentum indicators to cycle indicators. When you analyze HNX 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.
Learn to be your own money managerAs an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.
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HNX 30 pair tradingOne 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 HNX 30 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 HNX 30 will appreciate offsetting losses from the drop in the long position's value.
HNX 30 Pair Correlation
Correlation Analysis For Tax-loss Harvesting
Pair CorrelationCorrelation Matching
The ability to find closely correlated positions to HNX 30 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HNX 30 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 HNX 30 - 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 HNX 30 to buy it.
The correlation of HNX 30 is a statistical measure of how it moves in relation to other equities. 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 HNX 30 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HNX 30 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 HNX 30 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for HNX Index analysis
When running HNX 30's price analysis, check to measure HNX 30'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 HNX 30 is operating at the current time. Most of HNX 30's value examination focuses on studying past and present price action to predict the probability of HNX 30's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HNX 30's price. Additionally, you may evaluate how the addition of HNX 30 to your portfolios can decrease your overall portfolio volatility.