SCORADR110EO 78769723 (Germany) Statistic Functions Beta
| SDRB Stock | EUR 2.34 0.04 1.68% |
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The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on SCORADR110EO 78769723 correlated with the market. If Beta is less than 0 SCORADR110EO 78769723 generally moves in the opposite direction as compared to the market. If SCORADR110EO 78769723 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SCORADR110EO 78769723 is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SCORADR110EO 78769723 is generally in the same direction as the market. If Beta > 1 SCORADR110EO 78769723 moves generally in the same direction as, but more than the movement of the benchmark.
SCORADR110EO 78769723 Technical Analysis Modules
Most technical analysis of SCORADR110EO 78769723 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 SCORADR110EO from various momentum indicators to cycle indicators. When you analyze SCORADR110EO 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 SCORADR110EO 78769723 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 SCORADR110EO 78769723. We use our internally-developed statistical techniques to arrive at the intrinsic value of SCORADR110EO 78769723 based on widely used predictive technical indicators. In general, we focus on analyzing SCORADR110EO Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SCORADR110EO 78769723'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 SCORADR110EO 78769723's intrinsic value. In addition to deriving basic predictive indicators for SCORADR110EO 78769723, we also check how macroeconomic factors affect SCORADR110EO 78769723 price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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SCORADR110EO 78769723 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 SCORADR110EO 78769723 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 SCORADR110EO 78769723 will appreciate offsetting losses from the drop in the long position's value.SCORADR110EO 78769723 Pair Trading
SCORADR110EO 78769723 Pair Trading Analysis
The ability to find closely correlated positions to SCORADR110EO 78769723 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCORADR110EO 78769723 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 SCORADR110EO 78769723 - 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 SCORADR110EO 78769723 to buy it.
The correlation of SCORADR110EO 78769723 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 SCORADR110EO 78769723 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SCORADR110EO 78769723 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 SCORADR110EO 78769723 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 SCORADR110EO Stock
SCORADR110EO 78769723 financial ratios help investors to determine whether SCORADR110EO 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 SCORADR110EO with respect to the benefits of owning SCORADR110EO 78769723 security.