Simple Mart (Taiwan) Statistic Functions Beta
| 2945 Stock | 41.70 0.10 0.24% |
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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 Simple Mart Retail correlated with the market. If Beta is less than 0 Simple Mart generally moves in the opposite direction as compared to the market. If Simple Mart Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Simple Mart Retail is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Simple Mart is generally in the same direction as the market. If Beta > 1 Simple Mart moves generally in the same direction as, but more than the movement of the benchmark.
Simple Mart Technical Analysis Modules
Most technical analysis of Simple Mart 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 Simple from various momentum indicators to cycle indicators. When you analyze Simple 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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Simple Mart Retail 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 Simple Mart 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 Simple Mart will appreciate offsetting losses from the drop in the long position's value.Simple Mart Pair Trading
Simple Mart Retail Pair Trading Analysis
The ability to find closely correlated positions to Simple Mart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simple Mart 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 Simple Mart - 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 Simple Mart Retail to buy it.
The correlation of Simple Mart 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 Simple Mart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Simple Mart Retail 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 Simple Mart 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 Simple Stock Analysis
When running Simple Mart's price analysis, check to measure Simple Mart'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 Simple Mart is operating at the current time. Most of Simple Mart's value examination focuses on studying past and present price action to predict the probability of Simple Mart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simple Mart's price. Additionally, you may evaluate how the addition of Simple Mart to your portfolios can decrease your overall portfolio volatility.