Hbm Holdings Limited Stock Statistic Functions Beta
| HBMHF Stock | USD 2.52 2.04 425.00% |
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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 sixty with a total number of output elements of one. The Beta measures systematic risk based on how returns on HBM Holdings Limited correlated with the market. If Beta is less than 0 HBM Holdings generally moves in the opposite direction as compared to the market. If HBM Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one HBM Holdings Limited is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of HBM Holdings is generally in the same direction as the market. If Beta > 1 HBM Holdings moves generally in the same direction as, but more than the movement of the benchmark.
HBM Holdings Technical Analysis Modules
Most technical analysis of HBM 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 HBM from various momentum indicators to cycle indicators. When you analyze HBM 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 HBM 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 HBM Holdings Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of HBM Holdings Limited based on widely used predictive technical indicators. In general, we focus on analyzing HBM Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build HBM 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 HBM Holdings's intrinsic value. In addition to deriving basic predictive indicators for HBM Holdings, we also check how macroeconomic factors affect HBM Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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HBM Holdings Limited 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 HBM 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 HBM Holdings will appreciate offsetting losses from the drop in the long position's value.HBM Holdings Pair Trading
HBM Holdings Limited Pair Trading Analysis
The ability to find closely correlated positions to HBM 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 HBM 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 HBM 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 HBM Holdings Limited to buy it.
The correlation of HBM 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 HBM Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HBM Holdings Limited 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 HBM 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 HBM Pink Sheet
HBM Holdings financial ratios help investors to determine whether HBM 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 HBM with respect to the benefits of owning HBM Holdings security.