Uni President (Taiwan) Statistic Functions Pearson Correlation Coefficient
| 1216 Stock | TWD 85.10 0.40 0.47% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Uni President Enterp and its benchmark or peer.
Uni President Technical Analysis Modules
Most technical analysis of Uni President 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 Uni from various momentum indicators to cycle indicators. When you analyze Uni 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 Uni President 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 Uni President Enterprises Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Uni President Enterprises Corp based on widely used predictive technical indicators. In general, we focus on analyzing Uni Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Uni President'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 Uni President's intrinsic value. In addition to deriving basic predictive indicators for Uni President, we also check how macroeconomic factors affect Uni President price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Uni President Enterp 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 Uni President 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 Uni President will appreciate offsetting losses from the drop in the long position's value.Uni President Pair Trading
Uni President Enterprises Corp Pair Trading Analysis
The ability to find closely correlated positions to Uni President could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uni President 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 Uni President - 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 Uni President Enterprises Corp to buy it.
The correlation of Uni President 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 Uni President moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uni President Enterp 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 Uni President 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.Additional Tools for Uni Stock Analysis
When running Uni President's price analysis, check to measure Uni President's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Uni President is operating at the current time. Most of Uni President's value examination focuses on studying past and present price action to predict the probability of Uni President's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uni President's price. Additionally, you may evaluate how the addition of Uni President to your portfolios can decrease your overall portfolio volatility.