Ethereum Classic Statistic Functions Beta
| ETC Crypto | USD 29.89 0.25 0.84% |
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The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Ethereum Classic correlated with the market. If Beta is less than 0 Ethereum Classic generally moves in the opposite direction as compared to the market. If Ethereum Classic Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ethereum Classic is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ethereum Classic is generally in the same direction as the market. If Beta > 1 Ethereum Classic moves generally in the same direction as, but more than the movement of the benchmark.
Ethereum Classic Technical Analysis Modules
Most technical analysis of Ethereum Classic 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 Ethereum from various momentum indicators to cycle indicators. When you analyze Ethereum 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 Ethereum Classic 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 Ethereum Classic. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ethereum Classic based on widely used predictive technical indicators. In general, we focus on analyzing Ethereum Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ethereum Classic'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 Ethereum Classic's intrinsic value. In addition to deriving basic predictive indicators for Ethereum Classic, we also check how macroeconomic factors affect Ethereum Classic price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Ethereum Classic 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 Ethereum Classic 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 Ethereum Classic will appreciate offsetting losses from the drop in the long position's value.Ethereum Classic Pair Trading
Ethereum Classic Pair Trading Analysis
The ability to find closely correlated positions to Ethereum Classic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ethereum Classic 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 Ethereum Classic - 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 Ethereum Classic to buy it.
The correlation of Ethereum Classic 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 Ethereum Classic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ethereum Classic 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 Ethereum Classic 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethereum Classic. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.