Mold Tek (India) Statistic Functions Beta
MOLDTKPAC | 698.55 10.90 1.59% |
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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 Mold Tek Packaging correlated with the market. If Beta is less than 0 Mold Tek generally moves in the opposite direction as compared to the market. If Mold Tek Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mold Tek Packaging is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mold Tek is generally in the same direction as the market. If Beta > 1 Mold Tek moves generally in the same direction as, but more than the movement of the benchmark.
Mold Tek Technical Analysis Modules
Most technical analysis of Mold Tek 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 Mold from various momentum indicators to cycle indicators. When you analyze Mold 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 Mold Tek 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 Mold Tek Packaging Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mold Tek Packaging Limited based on widely used predictive technical indicators. In general, we focus on analyzing Mold Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mold Tek'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 Mold Tek's intrinsic value. In addition to deriving basic predictive indicators for Mold Tek, we also check how macroeconomic factors affect Mold Tek price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mold Tek's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Mold Tek Packaging 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 Mold Tek 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 Mold Tek will appreciate offsetting losses from the drop in the long position's value.Mold Tek Pair Trading
Mold Tek Packaging Limited Pair Trading Analysis
The ability to find closely correlated positions to Mold Tek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mold Tek 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 Mold Tek - 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 Mold Tek Packaging Limited to buy it.
The correlation of Mold Tek 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 Mold Tek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mold Tek Packaging 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 Mold Tek 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 Mold Stock Analysis
When running Mold Tek's price analysis, check to measure Mold Tek'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 Mold Tek is operating at the current time. Most of Mold Tek's value examination focuses on studying past and present price action to predict the probability of Mold Tek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mold Tek's price. Additionally, you may evaluate how the addition of Mold Tek to your portfolios can decrease your overall portfolio volatility.