Globus Spirits (India) Statistic Functions Time Series Forecast
GLOBUSSPR | 900.00 12.70 1.39% |
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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 Time Series Forecast uses simple linear regression to derive Globus Spirits best fit line over a given time period and plot it forward over user-defined time period.
Globus Spirits Technical Analysis Modules
Most technical analysis of Globus Spirits 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 Globus from various momentum indicators to cycle indicators. When you analyze Globus 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 Globus Spirits 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 Globus Spirits Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Globus Spirits Limited based on widely used predictive technical indicators. In general, we focus on analyzing Globus Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Globus Spirits'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 Globus Spirits's intrinsic value. In addition to deriving basic predictive indicators for Globus Spirits, we also check how macroeconomic factors affect Globus Spirits 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 Globus Spirits' 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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Globus Spirits 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 Globus Spirits 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 Globus Spirits will appreciate offsetting losses from the drop in the long position's value.Globus Spirits Pair Trading
Globus Spirits Limited Pair Trading Analysis
The ability to find closely correlated positions to Globus Spirits could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globus Spirits 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 Globus Spirits - 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 Globus Spirits Limited to buy it.
The correlation of Globus Spirits 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 Globus Spirits moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globus Spirits 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 Globus Spirits 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 Globus Stock Analysis
When running Globus Spirits' price analysis, check to measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.