NIGERIAN AVIATION (Nigeria) Statistic Functions Beta
| NAHCO Stock | 38.00 0.10 0.26% |
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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 NIGERIAN AVIATION correlated with the market. If Beta is less than 0 NIGERIAN AVIATION generally moves in the opposite direction as compared to the market. If NIGERIAN AVIATION Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NIGERIAN AVIATION is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NIGERIAN AVIATION is generally in the same direction as the market. If Beta > 1 NIGERIAN AVIATION moves generally in the same direction as, but more than the movement of the benchmark.
NIGERIAN AVIATION Technical Analysis Modules
Most technical analysis of NIGERIAN AVIATION 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 NIGERIAN from various momentum indicators to cycle indicators. When you analyze NIGERIAN 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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NIGERIAN AVIATION 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 NIGERIAN AVIATION 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 NIGERIAN AVIATION will appreciate offsetting losses from the drop in the long position's value.NIGERIAN AVIATION Pair Trading
NIGERIAN AVIATION HANDLING Pair Trading Analysis
The ability to find closely correlated positions to NIGERIAN AVIATION could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIGERIAN AVIATION 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 NIGERIAN AVIATION - 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 NIGERIAN AVIATION HANDLING to buy it.
The correlation of NIGERIAN AVIATION 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 NIGERIAN AVIATION moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIGERIAN AVIATION 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 NIGERIAN AVIATION 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 NIGERIAN Stock Analysis
When running NIGERIAN AVIATION's price analysis, check to measure NIGERIAN AVIATION'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 NIGERIAN AVIATION is operating at the current time. Most of NIGERIAN AVIATION's value examination focuses on studying past and present price action to predict the probability of NIGERIAN AVIATION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIGERIAN AVIATION's price. Additionally, you may evaluate how the addition of NIGERIAN AVIATION to your portfolios can decrease your overall portfolio volatility.