Seelos Therapeutics Stock Statistic Functions Beta

SEEL Stock  USD 0.39  0.11  22.00%   
Seelos Therapeutics statistic functions tool provides the execution environment for running the Beta function and other technical functions against Seelos Therapeutics. Seelos Therapeutics value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Seelos Therapeutics statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Seelos Therapeutics correlated with the market. If Beta is less than 0 Seelos Therapeutics generally moves in the opposite direction as compared to the market. If Seelos Therapeutics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Seelos Therapeutics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Seelos Therapeutics is generally in the same direction as the market. If Beta > 1 Seelos Therapeutics moves generally in the same direction as, but more than the movement of the benchmark.

Seelos Therapeutics Technical Analysis Modules

Most technical analysis of Seelos Therapeutics 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 Seelos from various momentum indicators to cycle indicators. When you analyze Seelos 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.

About Seelos Therapeutics 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 Seelos Therapeutics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Seelos Therapeutics based on widely used predictive technical indicators. In general, we focus on analyzing Seelos OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Seelos Therapeutics'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 Seelos Therapeutics's intrinsic value. In addition to deriving basic predictive indicators for Seelos Therapeutics, we also check how macroeconomic factors affect Seelos Therapeutics 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 Seelos Therapeutics' 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.
Hype
Prediction
LowEstimatedHigh
0.020.3914.19
Details
Intrinsic
Valuation
LowRealHigh
0.020.3714.17
Details
Naive
Forecast
LowNextHigh
0.000075013.81
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.370.881.40
Details

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Seelos Therapeutics 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 Seelos Therapeutics 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 Seelos Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Seelos Therapeutics Pair Trading

Seelos Therapeutics Pair Trading Analysis

The ability to find closely correlated positions to Seelos Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seelos Therapeutics 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 Seelos Therapeutics - 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 Seelos Therapeutics to buy it.
The correlation of Seelos Therapeutics 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 Seelos Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seelos Therapeutics 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 Seelos Therapeutics 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Seelos OTC Stock

Seelos Therapeutics financial ratios help investors to determine whether Seelos OTC 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 Seelos with respect to the benefits of owning Seelos Therapeutics security.