Bien Sparebank (Norway) Statistic Functions Beta
| BIEN Stock | 124.00 3.00 2.48% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Bien Sparebank ASA correlated with the market. If Beta is less than 0 Bien Sparebank generally moves in the opposite direction as compared to the market. If Bien Sparebank Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bien Sparebank ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bien Sparebank is generally in the same direction as the market. If Beta > 1 Bien Sparebank moves generally in the same direction as, but more than the movement of the benchmark.
Bien Sparebank Technical Analysis Modules
Most technical analysis of Bien Sparebank 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 Bien from various momentum indicators to cycle indicators. When you analyze Bien 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 Bien Sparebank 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 Bien Sparebank ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bien Sparebank ASA based on widely used predictive technical indicators. In general, we focus on analyzing Bien Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bien Sparebank'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 Bien Sparebank's intrinsic value. In addition to deriving basic predictive indicators for Bien Sparebank, we also check how macroeconomic factors affect Bien Sparebank price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Bien Sparebank ASA 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 Bien Sparebank 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 Bien Sparebank will appreciate offsetting losses from the drop in the long position's value.Bien Sparebank Pair Trading
Bien Sparebank ASA Pair Trading Analysis
The ability to find closely correlated positions to Bien Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bien Sparebank 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 Bien Sparebank - 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 Bien Sparebank ASA to buy it.
The correlation of Bien Sparebank 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 Bien Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bien Sparebank ASA 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 Bien Sparebank 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 Bien Stock
Bien Sparebank financial ratios help investors to determine whether Bien 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 Bien with respect to the benefits of owning Bien Sparebank security.