Shandong Ruifeng (China) Statistic Functions Beta
| 300243 Stock | 9.99 0.12 1.19% |
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Shandong Ruifeng Chemical correlated with the market. If Beta is less than 0 Shandong Ruifeng generally moves in the opposite direction as compared to the market. If Shandong Ruifeng Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Shandong Ruifeng Chemical is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Shandong Ruifeng is generally in the same direction as the market. If Beta > 1 Shandong Ruifeng moves generally in the same direction as, but more than the movement of the benchmark.
Shandong Ruifeng Technical Analysis Modules
Most technical analysis of Shandong Ruifeng 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 Shandong from various momentum indicators to cycle indicators. When you analyze Shandong 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 Shandong Ruifeng 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 Shandong Ruifeng Chemical. We use our internally-developed statistical techniques to arrive at the intrinsic value of Shandong Ruifeng Chemical based on widely used predictive technical indicators. In general, we focus on analyzing Shandong Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Shandong Ruifeng'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 Shandong Ruifeng's intrinsic value. In addition to deriving basic predictive indicators for Shandong Ruifeng, we also check how macroeconomic factors affect Shandong Ruifeng price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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As 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.Did you try this?
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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Shandong Ruifeng Chemical 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 Shandong Ruifeng 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 Shandong Ruifeng will appreciate offsetting losses from the drop in the long position's value.Shandong Ruifeng Pair Trading
Shandong Ruifeng Chemical Pair Trading Analysis
The ability to find closely correlated positions to Shandong Ruifeng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shandong Ruifeng 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 Shandong Ruifeng - 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 Shandong Ruifeng Chemical to buy it.
The correlation of Shandong Ruifeng 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 Shandong Ruifeng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shandong Ruifeng Chemical 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 Shandong Ruifeng 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 Shandong Stock
Shandong Ruifeng financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Ruifeng security.