Stalexport Autostrady Sa Stock Beta

STX Stock   2.94  0.01  0.34%   
  
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Pair Trading with Stalexport Autostrady

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 Stalexport Autostrady 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 Stalexport Autostrady will appreciate offsetting losses from the drop in the long position's value.

Moving together with Stalexport Stock

  0.67CEZ CEZ asPairCorr

Moving against Stalexport Stock

  0.87KGH KGHM Polska MiedzPairCorr
  0.83PCO Pepco Group BVPairCorr
  0.72ALE Allegroeu SAPairCorr
  0.61PKN Polski Koncern NaftowyPairCorr
  0.34PEO Bank Polska KasaPairCorr
The ability to find closely correlated positions to Stalexport Autostrady could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stalexport Autostrady 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 Stalexport Autostrady - 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 Stalexport Autostrady SA to buy it.
The correlation of Stalexport Autostrady 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 Stalexport Autostrady moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stalexport Autostrady 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 Stalexport Autostrady 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

Additional Tools for Stalexport Stock Analysis

When running Stalexport Autostrady's price analysis, check to measure Stalexport Autostrady'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 Stalexport Autostrady is operating at the current time. Most of Stalexport Autostrady's value examination focuses on studying past and present price action to predict the probability of Stalexport Autostrady's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stalexport Autostrady's price. Additionally, you may evaluate how the addition of Stalexport Autostrady to your portfolios can decrease your overall portfolio volatility.