Metalurgica Gerdau (Brazil) Statistic Functions Beta
| GOAU3 Stock | BRL 11.38 0.15 1.34% |
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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 Metalurgica Gerdau correlated with the market. If Beta is less than 0 Metalurgica Gerdau generally moves in the opposite direction as compared to the market. If Metalurgica Gerdau Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Metalurgica Gerdau is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Metalurgica Gerdau is generally in the same direction as the market. If Beta > 1 Metalurgica Gerdau moves generally in the same direction as, but more than the movement of the benchmark.
Metalurgica Gerdau Technical Analysis Modules
Most technical analysis of Metalurgica Gerdau 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 Metalurgica from various momentum indicators to cycle indicators. When you analyze Metalurgica 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 Metalurgica Gerdau 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 Metalurgica Gerdau SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Metalurgica Gerdau SA based on widely used predictive technical indicators. In general, we focus on analyzing Metalurgica Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Metalurgica Gerdau'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 Metalurgica Gerdau's intrinsic value. In addition to deriving basic predictive indicators for Metalurgica Gerdau, we also check how macroeconomic factors affect Metalurgica Gerdau price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Metalurgica Gerdau 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 Metalurgica Gerdau 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 Metalurgica Gerdau will appreciate offsetting losses from the drop in the long position's value.Metalurgica Gerdau Pair Trading
Metalurgica Gerdau SA Pair Trading Analysis
The ability to find closely correlated positions to Metalurgica Gerdau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metalurgica Gerdau 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 Metalurgica Gerdau - 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 Metalurgica Gerdau SA to buy it.
The correlation of Metalurgica Gerdau 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 Metalurgica Gerdau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metalurgica Gerdau 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 Metalurgica Gerdau 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 Tools for Metalurgica Stock Analysis
When running Metalurgica Gerdau's price analysis, check to measure Metalurgica Gerdau's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Metalurgica Gerdau is operating at the current time. Most of Metalurgica Gerdau's value examination focuses on studying past and present price action to predict the probability of Metalurgica Gerdau's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalurgica Gerdau's price. Additionally, you may evaluate how the addition of Metalurgica Gerdau to your portfolios can decrease your overall portfolio volatility.