Genie Music (Korea) Statistic Functions Beta
| 043610 Stock | KRW 2,165 45.00 2.04% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Genie Music correlated with the market. If Beta is less than 0 Genie Music generally moves in the opposite direction as compared to the market. If Genie Music Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Genie Music is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Genie Music is generally in the same direction as the market. If Beta > 1 Genie Music moves generally in the same direction as, but more than the movement of the benchmark.
Genie Music Technical Analysis Modules
Most technical analysis of Genie Music 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 Genie from various momentum indicators to cycle indicators. When you analyze Genie 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 Genie Music 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 Genie Music. We use our internally-developed statistical techniques to arrive at the intrinsic value of Genie Music based on widely used predictive technical indicators. In general, we focus on analyzing Genie Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Genie Music'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 Genie Music's intrinsic value. In addition to deriving basic predictive indicators for Genie Music, we also check how macroeconomic factors affect Genie Music price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Genie Music 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 Genie Music 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 Genie Music will appreciate offsetting losses from the drop in the long position's value.Genie Music Pair Trading
Genie Music Pair Trading Analysis
The ability to find closely correlated positions to Genie Music could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genie Music 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 Genie Music - 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 Genie Music to buy it.
The correlation of Genie Music 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 Genie Music moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genie Music 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 Genie Music 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.Other Information on Investing in Genie Stock
Genie Music financial ratios help investors to determine whether Genie 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 Genie with respect to the benefits of owning Genie Music security.