Aspeed Technology (Taiwan) Statistic Functions Beta
| 5274 Stock | TWD 4,120 25.00 0.60% |
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The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Aspeed Technology correlated with the market. If Beta is less than 0 Aspeed Technology generally moves in the opposite direction as compared to the market. If Aspeed Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Aspeed Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Aspeed Technology is generally in the same direction as the market. If Beta > 1 Aspeed Technology moves generally in the same direction as, but more than the movement of the benchmark.
Aspeed Technology Technical Analysis Modules
Most technical analysis of Aspeed Technology 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 Aspeed from various momentum indicators to cycle indicators. When you analyze Aspeed 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.| Cycle Indicators | ||
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About Aspeed Technology 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 Aspeed Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Aspeed Technology based on widely used predictive technical indicators. In general, we focus on analyzing Aspeed Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Aspeed Technology'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 Aspeed Technology's intrinsic value. In addition to deriving basic predictive indicators for Aspeed Technology, we also check how macroeconomic factors affect Aspeed Technology price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Aspeed Technology 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 Aspeed Technology 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 Aspeed Technology will appreciate offsetting losses from the drop in the long position's value.Aspeed Technology Pair Trading
Aspeed Technology Pair Trading Analysis
The ability to find closely correlated positions to Aspeed Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspeed Technology 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 Aspeed Technology - 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 Aspeed Technology to buy it.
The correlation of Aspeed Technology 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 Aspeed Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspeed Technology 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 Aspeed Technology 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 Aspeed Stock Analysis
When running Aspeed Technology's price analysis, check to measure Aspeed Technology'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 Aspeed Technology is operating at the current time. Most of Aspeed Technology's value examination focuses on studying past and present price action to predict the probability of Aspeed Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspeed Technology's price. Additionally, you may evaluate how the addition of Aspeed Technology to your portfolios can decrease your overall portfolio volatility.