Pennfed Financial statistic functions tool provides the execution environment for running the Beta function and other technical functions against Pennfed Financial. Pennfed Financial value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Pennfed Financial statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
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 Pennfed Financial correlated with the market. If Beta is less than 0 Pennfed Financial generally moves in the opposite direction as compared to the market. If Pennfed Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Pennfed Financial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Pennfed Financial is generally in the same direction as the market. If Beta > 1 Pennfed Financial moves generally in the same direction as, but more than the movement of the benchmark.
Pennfed Financial Technical Analysis Modules
Most technical analysis of Pennfed Financial 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 Pennfed from various momentum indicators to cycle indicators. When you analyze Pennfed 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.
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.
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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 Pennfed Financial 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 Pennfed Financial will appreciate offsetting losses from the drop in the long position's value.
Pennfed Financial Pair Trading
Pennfed Financial Services Pair Trading Analysis
The ability to find closely correlated positions to Pennfed Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pennfed Financial 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 Pennfed Financial - 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 Pennfed Financial Services to buy it.
The correlation of Pennfed Financial 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 Pennfed Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pennfed Financial 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 Pennfed Financial 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.