Tectonic Metals Stock Statistic Functions Linear Regression Intercept
| TETOF Stock | USD 0.04 0 11.43% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Linear Regression Intercept is the expected mean value of Tectonic Metals price seriese where values of its benchmark or peer price series are zero.
Tectonic Metals Technical Analysis Modules
Most technical analysis of Tectonic Metals 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 Tectonic from various momentum indicators to cycle indicators. When you analyze Tectonic 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 Tectonic Metals 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 Tectonic Metals. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tectonic Metals based on widely used predictive technical indicators. In general, we focus on analyzing Tectonic OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tectonic Metals'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 Tectonic Metals's intrinsic value. In addition to deriving basic predictive indicators for Tectonic Metals, we also check how macroeconomic factors affect Tectonic Metals price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Tectonic Metals 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 Tectonic Metals 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 Tectonic Metals will appreciate offsetting losses from the drop in the long position's value.Tectonic Metals Pair Trading
Tectonic Metals Pair Trading Analysis
The ability to find closely correlated positions to Tectonic Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tectonic Metals 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 Tectonic Metals - 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 Tectonic Metals to buy it.
The correlation of Tectonic Metals 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 Tectonic Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tectonic Metals 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 Tectonic Metals 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 Tectonic OTC Stock
Tectonic Metals financial ratios help investors to determine whether Tectonic OTC 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 Tectonic with respect to the benefits of owning Tectonic Metals security.