Angling Direct (UK) Statistic Functions Beta
| ANG Stock | 35.50 0.00 0.00% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Angling Direct PLC correlated with the market. If Beta is less than 0 Angling Direct generally moves in the opposite direction as compared to the market. If Angling Direct Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Angling Direct PLC is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Angling Direct is generally in the same direction as the market. If Beta > 1 Angling Direct moves generally in the same direction as, but more than the movement of the benchmark.
Angling Direct Technical Analysis Modules
Most technical analysis of Angling Direct 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 Angling from various momentum indicators to cycle indicators. When you analyze Angling 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 Angling Direct 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 Angling Direct PLC. We use our internally-developed statistical techniques to arrive at the intrinsic value of Angling Direct PLC based on widely used predictive technical indicators. In general, we focus on analyzing Angling Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Angling Direct'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 Angling Direct's intrinsic value. In addition to deriving basic predictive indicators for Angling Direct, we also check how macroeconomic factors affect Angling Direct price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Angling Direct PLC 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 Angling Direct 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 Angling Direct will appreciate offsetting losses from the drop in the long position's value.Angling Direct Pair Trading
Angling Direct PLC Pair Trading Analysis
The ability to find closely correlated positions to Angling Direct could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Angling Direct 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 Angling Direct - 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 Angling Direct PLC to buy it.
The correlation of Angling Direct 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 Angling Direct moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Angling Direct PLC 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 Angling Direct 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 Angling Stock
Angling Direct financial ratios help investors to determine whether Angling 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 Angling with respect to the benefits of owning Angling Direct security.