Ascencio Stock Fundamentals
| ASCE Stock | 45.45 0.85 1.84% |
Ascencio |
ASCE.BR fundamentals not found at this time
Pair Trading with Ascencio
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 Ascencio 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 Ascencio will appreciate offsetting losses from the drop in the long position's value.Moving together with Ascencio Stock
Moving against Ascencio Stock
The ability to find closely correlated positions to Ascencio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascencio 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 Ascencio - 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 Ascencio to buy it.
The correlation of Ascencio 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 Ascencio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascencio 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 Ascencio 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 Ascencio Stock Analysis
When running Ascencio's price analysis, check to measure Ascencio's 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 Ascencio is operating at the current time. Most of Ascencio's value examination focuses on studying past and present price action to predict the probability of Ascencio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ascencio's price. Additionally, you may evaluate how the addition of Ascencio to your portfolios can decrease your overall portfolio volatility.