Lucky Core Ind Stock Total Asset
| LCI Stock | 1,159 11.24 0.96% |
Lucky |
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Pair Trading with Lucky Core
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 Lucky Core 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 Lucky Core will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Lucky Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lucky Core 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 Lucky Core - 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 Lucky Core Ind to buy it.
The correlation of Lucky Core 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 Lucky Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lucky Core Ind 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 Lucky Core 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 Lucky Stock Analysis
When running Lucky Core's price analysis, check to measure Lucky Core'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 Lucky Core is operating at the current time. Most of Lucky Core's value examination focuses on studying past and present price action to predict the probability of Lucky Core's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucky Core's price. Additionally, you may evaluate how the addition of Lucky Core to your portfolios can decrease your overall portfolio volatility.