Chiangmai Frozen (Thailand) Statistic Functions Pearson Correlation Coefficient
| CM Stock | THB 2.00 0.06 2.91% |
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The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Chiangmai Frozen Foods and its benchmark or peer.
Chiangmai Frozen Technical Analysis Modules
Most technical analysis of Chiangmai Frozen 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 Chiangmai from various momentum indicators to cycle indicators. When you analyze Chiangmai 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 Chiangmai Frozen 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 Chiangmai Frozen Foods. We use our internally-developed statistical techniques to arrive at the intrinsic value of Chiangmai Frozen Foods based on widely used predictive technical indicators. In general, we focus on analyzing Chiangmai Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Chiangmai Frozen'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 Chiangmai Frozen's intrinsic value. In addition to deriving basic predictive indicators for Chiangmai Frozen, we also check how macroeconomic factors affect Chiangmai Frozen price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Chiangmai Frozen Foods 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 Chiangmai Frozen 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 Chiangmai Frozen will appreciate offsetting losses from the drop in the long position's value.Chiangmai Frozen Pair Trading
Chiangmai Frozen Foods Pair Trading Analysis
The ability to find closely correlated positions to Chiangmai Frozen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chiangmai Frozen 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 Chiangmai Frozen - 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 Chiangmai Frozen Foods to buy it.
The correlation of Chiangmai Frozen 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 Chiangmai Frozen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chiangmai Frozen Foods 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 Chiangmai Frozen 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 Chiangmai Stock
Chiangmai Frozen financial ratios help investors to determine whether Chiangmai 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 Chiangmai with respect to the benefits of owning Chiangmai Frozen security.