Amundi ETF (France) Statistic Functions Beta
| PANX Etf | EUR 59.00 0.12 0.20% |
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The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Amundi ETF PEA correlated with the market. If Beta is less than 0 Amundi ETF generally moves in the opposite direction as compared to the market. If Amundi ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Amundi ETF PEA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Amundi ETF is generally in the same direction as the market. If Beta > 1 Amundi ETF moves generally in the same direction as, but more than the movement of the benchmark.
Amundi ETF Technical Analysis Modules
Most technical analysis of Amundi ETF 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 Amundi from various momentum indicators to cycle indicators. When you analyze Amundi 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 Amundi ETF 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 Amundi ETF PEA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Amundi ETF PEA based on widely used predictive technical indicators. In general, we focus on analyzing Amundi Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Amundi ETF'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 Amundi ETF's intrinsic value. In addition to deriving basic predictive indicators for Amundi ETF, we also check how macroeconomic factors affect Amundi ETF price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Amundi ETF PEA 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 Amundi ETF 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 Amundi ETF will appreciate offsetting losses from the drop in the long position's value.Amundi ETF Pair Trading
Amundi ETF PEA Pair Trading Analysis
The ability to find closely correlated positions to Amundi ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi ETF 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 Amundi ETF - 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 Amundi ETF PEA to buy it.
The correlation of Amundi ETF 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 Amundi ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amundi ETF PEA 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 Amundi ETF 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 Amundi Etf
Amundi ETF financial ratios help investors to determine whether Amundi Etf 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 Amundi with respect to the benefits of owning Amundi ETF security.