Alpha Divisions (Thailand) Statistic Functions Beta
| ALPHAX Stock | 0.63 0.01 1.61% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Alpha Divisions PCL correlated with the market. If Beta is less than 0 Alpha Divisions generally moves in the opposite direction as compared to the market. If Alpha Divisions Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alpha Divisions PCL is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alpha Divisions is generally in the same direction as the market. If Beta > 1 Alpha Divisions moves generally in the same direction as, but more than the movement of the benchmark.
Alpha Divisions Technical Analysis Modules
Most technical analysis of Alpha Divisions 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 Alpha from various momentum indicators to cycle indicators. When you analyze Alpha 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 Alpha Divisions 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 Alpha Divisions PCL. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alpha Divisions PCL based on widely used predictive technical indicators. In general, we focus on analyzing Alpha Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alpha Divisions'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 Alpha Divisions's intrinsic value. In addition to deriving basic predictive indicators for Alpha Divisions, we also check how macroeconomic factors affect Alpha Divisions price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Alpha Divisions PCL 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 Alpha Divisions 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 Alpha Divisions will appreciate offsetting losses from the drop in the long position's value.Alpha Divisions Pair Trading
Alpha Divisions PCL Pair Trading Analysis
The ability to find closely correlated positions to Alpha Divisions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Divisions 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 Alpha Divisions - 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 Alpha Divisions PCL to buy it.
The correlation of Alpha Divisions 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 Alpha Divisions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Divisions PCL 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 Alpha Divisions 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.Other Information on Investing in Alpha Stock
Alpha Divisions financial ratios help investors to determine whether Alpha Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alpha with respect to the benefits of owning Alpha Divisions security.