Adecco Group (Switzerland) Statistic Functions Beta
| ADEN Stock | CHF 22.98 0.04 0.17% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Adecco Group AG correlated with the market. If Beta is less than 0 Adecco Group generally moves in the opposite direction as compared to the market. If Adecco Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Adecco Group AG is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Adecco Group is generally in the same direction as the market. If Beta > 1 Adecco Group moves generally in the same direction as, but more than the movement of the benchmark.
Adecco Group Technical Analysis Modules
Most technical analysis of Adecco Group 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 Adecco from various momentum indicators to cycle indicators. When you analyze Adecco 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 Adecco Group 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 Adecco Group AG. We use our internally-developed statistical techniques to arrive at the intrinsic value of Adecco Group AG based on widely used predictive technical indicators. In general, we focus on analyzing Adecco Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Adecco Group'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 Adecco Group's intrinsic value. In addition to deriving basic predictive indicators for Adecco Group, we also check how macroeconomic factors affect Adecco Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Adecco Group AG 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 Adecco Group 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 Adecco Group will appreciate offsetting losses from the drop in the long position's value.Adecco Group Pair Trading
Adecco Group AG Pair Trading Analysis
The ability to find closely correlated positions to Adecco Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adecco Group 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 Adecco Group - 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 Adecco Group AG to buy it.
The correlation of Adecco Group 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 Adecco Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adecco Group AG 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 Adecco Group 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 Adecco Stock Analysis
When running Adecco Group's price analysis, check to measure Adecco Group'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 Adecco Group is operating at the current time. Most of Adecco Group's value examination focuses on studying past and present price action to predict the probability of Adecco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adecco Group's price. Additionally, you may evaluate how the addition of Adecco Group to your portfolios can decrease your overall portfolio volatility.