XAS Volatility Indicators Average True Range
| XAS Crypto | USD 0.14 0.00 0.00% |
| Symbol |
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XAS Technical Analysis Modules
Most technical analysis of XAS 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 XAS from various momentum indicators to cycle indicators. When you analyze XAS 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 XAS 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 XAS. We use our internally-developed statistical techniques to arrive at the intrinsic value of XAS based on widely used predictive technical indicators. In general, we focus on analyzing XAS Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build XAS's daily price indicators and compare them against related drivers, such as volatility indicators 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 XAS's intrinsic value. In addition to deriving basic predictive indicators for XAS, we also check how macroeconomic factors affect XAS price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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XAS 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 XAS 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 XAS will appreciate offsetting losses from the drop in the long position's value.XAS Pair Trading
XAS Pair Trading Analysis
The ability to find closely correlated positions to XAS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XAS 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 XAS - 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 XAS to buy it.
The correlation of XAS 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 XAS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XAS 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 XAS 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.Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.