E Shopping Group Sa Stock Net Asset

ESG Stock   0.53  0.05  8.62%   
  
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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Pair Trading with E Shopping

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 E Shopping 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 E Shopping will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESG Stock

  0.8PKN Polski Koncern NaftowyPairCorr

Moving against ESG Stock

  0.86DNP Dino Polska SAPairCorr
  0.81XTB X Trade BrokersPairCorr
  0.79BTK Biztech KonsultingPairCorr
  0.78CEZ CEZ asPairCorr
  0.73PZU Powszechny ZakladPairCorr
The ability to find closely correlated positions to E Shopping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E Shopping 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 E Shopping - 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 E shopping Group SA to buy it.
The correlation of E Shopping 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 E Shopping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E shopping Group 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 E Shopping 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

Additional Tools for ESG Stock Analysis

When running E Shopping's price analysis, check to measure E Shopping'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 E Shopping is operating at the current time. Most of E Shopping's value examination focuses on studying past and present price action to predict the probability of E Shopping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E Shopping's price. Additionally, you may evaluate how the addition of E Shopping to your portfolios can decrease your overall portfolio volatility.