Eaton Plc (Brazil) Statistic Functions Beta
| E1TN34 Stock | BRL 147.45 0.29 0.20% |
| Symbol |
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Eaton plc correlated with the market. If Beta is less than 0 Eaton Plc generally moves in the opposite direction as compared to the market. If Eaton Plc Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Eaton plc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Eaton Plc is generally in the same direction as the market. If Beta > 1 Eaton Plc moves generally in the same direction as, but more than the movement of the benchmark.
Eaton Plc Technical Analysis Modules
Most technical analysis of Eaton Plc 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 Eaton from various momentum indicators to cycle indicators. When you analyze Eaton 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Eaton Plc 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 Eaton plc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Eaton plc based on widely used predictive technical indicators. In general, we focus on analyzing Eaton Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Eaton Plc'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 Eaton Plc's intrinsic value. In addition to deriving basic predictive indicators for Eaton Plc, we also check how macroeconomic factors affect Eaton Plc price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Learn to be your own money manager
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?
Run Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
Eaton 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 Eaton Plc 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 Eaton Plc will appreciate offsetting losses from the drop in the long position's value.Eaton Plc Pair Trading
Eaton plc Pair Trading Analysis
The ability to find closely correlated positions to Eaton Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Plc 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 Eaton Plc - 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 Eaton plc to buy it.
The correlation of Eaton Plc 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 Eaton Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton 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 Eaton Plc 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 Eaton Stock
When determining whether Eaton plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eaton Plc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade Eaton Stock refer to our How to Trade Eaton Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.