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