888 Holdings Stock Statistic Functions Beta
| EIHDF Stock | USD 0.80 0.00 0.00% |
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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 888 Holdings correlated with the market. If Beta is less than 0 888 Holdings generally moves in the opposite direction as compared to the market. If 888 Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 888 Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 888 Holdings is generally in the same direction as the market. If Beta > 1 888 Holdings moves generally in the same direction as, but more than the movement of the benchmark.
888 Holdings Technical Analysis Modules
Most technical analysis of 888 Holdings 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 888 from various momentum indicators to cycle indicators. When you analyze 888 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 888 Holdings 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 888 Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of 888 Holdings based on widely used predictive technical indicators. In general, we focus on analyzing 888 Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 888 Holdings'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 888 Holdings's intrinsic value. In addition to deriving basic predictive indicators for 888 Holdings, we also check how macroeconomic factors affect 888 Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 888 Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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888 Holdings 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 888 Holdings 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 888 Holdings will appreciate offsetting losses from the drop in the long position's value.888 Holdings Pair Trading
888 Holdings Pair Trading Analysis
The ability to find closely correlated positions to 888 Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 888 Holdings 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 888 Holdings - 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 888 Holdings to buy it.
The correlation of 888 Holdings 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 888 Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 888 Holdings 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 888 Holdings 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 888 Pink Sheet
888 Holdings financial ratios help investors to determine whether 888 Pink Sheet 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 888 with respect to the benefits of owning 888 Holdings security.