Nutech Energy Resources Stock Statistic Functions Beta
| NERG Stock | USD 0.00003 0.00 0.00% |
| 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on NuTech Energy Resources correlated with the market. If Beta is less than 0 NuTech Energy generally moves in the opposite direction as compared to the market. If NuTech Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NuTech Energy Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NuTech Energy is generally in the same direction as the market. If Beta > 1 NuTech Energy moves generally in the same direction as, but more than the movement of the benchmark.
NuTech Energy Technical Analysis Modules
Most technical analysis of NuTech Energy 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 NuTech from various momentum indicators to cycle indicators. When you analyze NuTech 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 NuTech Energy 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 NuTech Energy Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of NuTech Energy Resources based on widely used predictive technical indicators. In general, we focus on analyzing NuTech Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NuTech Energy'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 NuTech Energy's intrinsic value. In addition to deriving basic predictive indicators for NuTech Energy, we also check how macroeconomic factors affect NuTech Energy 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 ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
NuTech Energy Resources 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 NuTech Energy 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 NuTech Energy will appreciate offsetting losses from the drop in the long position's value.NuTech Energy Pair Trading
NuTech Energy Resources Pair Trading Analysis
The ability to find closely correlated positions to NuTech Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NuTech Energy 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 NuTech Energy - 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 NuTech Energy Resources to buy it.
The correlation of NuTech Energy 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 NuTech Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NuTech Energy Resources 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 NuTech Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NuTech Energy Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Can Oil & Gas E&P industry sustain growth momentum? Does NuTech have expansion opportunities? Factors like these will boost the valuation of NuTech Energy. Anticipated expansion of NuTech directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating NuTech Energy demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Understanding NuTech Energy Resources requires distinguishing between market price and book value, where the latter reflects NuTech's accounting equity. The concept of intrinsic value—what NuTech Energy's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push NuTech Energy's price substantially above or below its fundamental value.
It's important to distinguish between NuTech Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NuTech Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, NuTech Energy's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.