Ocean Park International Etf Statistic Functions Beta
| DUKX Etf | 28.54 0.07 0.25% |
| Symbol |
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 Ocean Park International correlated with the market. If Beta is less than 0 Ocean Park generally moves in the opposite direction as compared to the market. If Ocean Park Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ocean Park International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ocean Park is generally in the same direction as the market. If Beta > 1 Ocean Park moves generally in the same direction as, but more than the movement of the benchmark.
Ocean Park Technical Analysis Modules
Most technical analysis of Ocean Park 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 Ocean from various momentum indicators to cycle indicators. When you analyze Ocean 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Ocean Park 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 Ocean Park International. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ocean Park International based on widely used predictive technical indicators. In general, we focus on analyzing Ocean Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ocean Park'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 Ocean Park's intrinsic value. In addition to deriving basic predictive indicators for Ocean Park, we also check how macroeconomic factors affect Ocean Park price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Learn to be your own money manager
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?
Run Portfolio Suggestion Now
Portfolio SuggestionGet suggestions outside of your existing asset allocation including your own model portfolios |
| All Next | Launch Module |
Ocean Park International 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 Ocean Park 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 Ocean Park will appreciate offsetting losses from the drop in the long position's value.Ocean Park Pair Trading
Ocean Park International Pair Trading Analysis
The ability to find closely correlated positions to Ocean Park could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Park 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 Ocean Park - 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 Ocean Park International to buy it.
The correlation of Ocean Park 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 Ocean Park moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Park International 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 Ocean Park 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ocean Park International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Positions Ratings module to 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.
Investors evaluate Ocean Park International using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Ocean Park's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Ocean Park's market price to deviate significantly from intrinsic value.
It's important to distinguish between Ocean Park's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Ocean Park should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Ocean Park's market price signifies the transaction level at which participants voluntarily complete trades.