Africa Oil statistic functions tool provides the execution environment for running the Beta function and other technical functions against Africa Oil. Africa Oil value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Africa Oil statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Africa Oil Corp correlated with the market. If Beta is less than 0 Africa Oil generally moves in the opposite direction as compared to the market. If Africa Oil Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Africa Oil Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Africa Oil is generally in the same direction as the market. If Beta > 1 Africa Oil moves generally in the same direction as, but more than the movement of the benchmark.
Africa Oil Technical Analysis Modules
Most technical analysis of Africa Oil 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 Africa from various momentum indicators to cycle indicators. When you analyze Africa 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.
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 Africa Oil Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Africa Oil Corp based on widely used predictive technical indicators. In general, we focus on analyzing Africa Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Africa Oil'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 Africa Oil's intrinsic value. In addition to deriving basic predictive indicators for Africa Oil, we also check how macroeconomic factors affect Africa Oil price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Africa Oil. Your research has to be compared to or analyzed against Africa Oil's peers to derive any actionable benefits. When done correctly, Africa Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Africa Oil Corp.
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.
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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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.
Africa Oil Pair Trading
Africa Oil Corp Pair Trading Analysis
Other Information on Investing in Africa Pink Sheet
Africa Oil financial ratios help investors to determine whether Africa Pink Sheet 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 Africa with respect to the benefits of owning Africa Oil security.