Dollar Tree (Germany) Statistic Functions Beta
| DT3 Stock | EUR 72.72 3.06 4.39% |
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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 Dollar Tree correlated with the market. If Beta is less than 0 Dollar Tree generally moves in the opposite direction as compared to the market. If Dollar Tree Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Dollar Tree is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Dollar Tree is generally in the same direction as the market. If Beta > 1 Dollar Tree moves generally in the same direction as, but more than the movement of the benchmark.
Dollar Tree Technical Analysis Modules
Most technical analysis of Dollar Tree 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 Dollar from various momentum indicators to cycle indicators. When you analyze Dollar 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 Dollar Tree 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 Dollar Tree. We use our internally-developed statistical techniques to arrive at the intrinsic value of Dollar Tree based on widely used predictive technical indicators. In general, we focus on analyzing Dollar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Dollar Tree'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 Dollar Tree's intrinsic value. In addition to deriving basic predictive indicators for Dollar Tree, we also check how macroeconomic factors affect Dollar Tree price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Dollar Tree 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 Dollar Tree 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 Dollar Tree will appreciate offsetting losses from the drop in the long position's value.Dollar Tree Pair Trading
Dollar Tree Pair Trading Analysis
The ability to find closely correlated positions to Dollar Tree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar Tree 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 Dollar Tree - 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 Dollar Tree to buy it.
The correlation of Dollar Tree 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 Dollar Tree moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar Tree 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 Dollar Tree 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 Information and Resources on Investing in Dollar Stock
When determining whether Dollar Tree is a strong investment it is important to analyze Dollar Tree's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dollar Tree's future performance. For an informed investment choice regarding Dollar Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar Tree. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar Tree guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..