Optimum Large Cap Fund Statistic Functions Beta
| OCLGX Fund | USD 15.44 0.12 0.78% |
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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 Optimum Large Cap correlated with the market. If Beta is less than 0 Optimum Large generally moves in the opposite direction as compared to the market. If Optimum Large Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Optimum Large Cap is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Optimum Large is generally in the same direction as the market. If Beta > 1 Optimum Large moves generally in the same direction as, but more than the movement of the benchmark.
Optimum Large Technical Analysis Modules
Most technical analysis of Optimum Large 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 Optimum from various momentum indicators to cycle indicators. When you analyze Optimum 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 Optimum Large 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 Optimum Large Cap. We use our internally-developed statistical techniques to arrive at the intrinsic value of Optimum Large Cap based on widely used predictive technical indicators. In general, we focus on analyzing Optimum Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Optimum Large'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 Optimum Large's intrinsic value. In addition to deriving basic predictive indicators for Optimum Large, we also check how macroeconomic factors affect Optimum Large price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Optimum Large Cap 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 Optimum Large 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 Optimum Large will appreciate offsetting losses from the drop in the long position's value.Optimum Large Pair Trading
Optimum Large Cap Pair Trading Analysis
The ability to find closely correlated positions to Optimum Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optimum Large 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 Optimum Large - 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 Optimum Large Cap to buy it.
The correlation of Optimum Large 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 Optimum Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optimum Large Cap 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 Optimum Large 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 Optimum Mutual Fund
Optimum Large financial ratios help investors to determine whether Optimum Mutual Fund 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 Optimum with respect to the benefits of owning Optimum Large security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |