James Hardie Industries Stock Momentum Indicators Directional Movement Index
| JHX Stock | USD 31.00 1.14 3.55% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Directional Movement Index is an indicator that is used in technical analysis to determine if James Hardie Industries is trending in particular direction.
James Hardie Technical Analysis Modules
Most technical analysis of James Hardie 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 James from various momentum indicators to cycle indicators. When you analyze James 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 James Hardie 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 James Hardie Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of James Hardie Industries based on widely used predictive technical indicators. In general, we focus on analyzing James Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build James Hardie's daily price indicators and compare them against related drivers, such as momentum 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 James Hardie's intrinsic value. In addition to deriving basic predictive indicators for James Hardie, we also check how macroeconomic factors affect James Hardie price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0134 | 0.0121 | 0.0213 | Price To Sales Ratio | 2.55 | 4.47 | 4.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of James Hardie's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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James Hardie Industries 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 James Hardie 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 James Hardie will appreciate offsetting losses from the drop in the long position's value.James Hardie Pair Trading
James Hardie Industries Pair Trading Analysis
The ability to find closely correlated positions to James Hardie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace James Hardie 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 James Hardie - 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 James Hardie Industries to buy it.
The correlation of James Hardie 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 James Hardie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if James Hardie Industries 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 James Hardie 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 James Stock Analysis
When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.