BankInv GloAkColum (Denmark) Market Value
| BAIGACTNA | 142.60 0.60 0.42% |
| Symbol | BankInv |
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Pair Trading with BankInv GloAkColum
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 BankInv GloAkColum 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 BankInv GloAkColum will appreciate offsetting losses from the drop in the long position's value.Moving together with BankInv Stock
Moving against BankInv Stock
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| 0.62 | CARL-B | Carlsberg AS | PairCorr |
| 0.4 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to BankInv GloAkColum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BankInv GloAkColum 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 BankInv GloAkColum - 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 BankInv GloAkColum Threadndl to buy it.
The correlation of BankInv GloAkColum 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 BankInv GloAkColum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BankInv GloAkColum 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 BankInv GloAkColum 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 BankInv Stock Analysis
When running BankInv GloAkColum's price analysis, check to measure BankInv GloAkColum'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 BankInv GloAkColum is operating at the current time. Most of BankInv GloAkColum's value examination focuses on studying past and present price action to predict the probability of BankInv GloAkColum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BankInv GloAkColum's price. Additionally, you may evaluate how the addition of BankInv GloAkColum to your portfolios can decrease your overall portfolio volatility.