Enel Amricas (Chile) Statistic Functions Beta
| ENELAM Stock | CLP 88.99 1.63 1.87% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Enel Amricas SA correlated with the market. If Beta is less than 0 Enel Amricas generally moves in the opposite direction as compared to the market. If Enel Amricas Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Enel Amricas SA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Enel Amricas is generally in the same direction as the market. If Beta > 1 Enel Amricas moves generally in the same direction as, but more than the movement of the benchmark.
Enel Amricas Technical Analysis Modules
Most technical analysis of Enel Amricas 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 Enel from various momentum indicators to cycle indicators. When you analyze Enel 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 Enel Amricas 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 Enel Amricas SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Enel Amricas SA based on widely used predictive technical indicators. In general, we focus on analyzing Enel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Enel Amricas'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 Enel Amricas's intrinsic value. In addition to deriving basic predictive indicators for Enel Amricas, we also check how macroeconomic factors affect Enel Amricas price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Enel Amricas SA 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 Enel Amricas 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 Enel Amricas will appreciate offsetting losses from the drop in the long position's value.Enel Amricas Pair Trading
Enel Amricas SA Pair Trading Analysis
The ability to find closely correlated positions to Enel Amricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel Amricas 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 Enel Amricas - 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 Enel Amricas SA to buy it.
The correlation of Enel Amricas 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 Enel Amricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enel Amricas SA 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 Enel Amricas 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 Enel Stock
Enel Amricas financial ratios help investors to determine whether Enel Stock 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 Enel with respect to the benefits of owning Enel Amricas security.