Associates First Capital Stock Statistic Functions Pearson Correlation Coefficient
| ASFZ Stock | USD 0.0001 0.00 0.00% |
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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 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 Associates First Capital and its benchmark or peer.
Associates First Technical Analysis Modules
Most technical analysis of Associates First 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 Associates from various momentum indicators to cycle indicators. When you analyze Associates 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 Associates First 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 Associates First Capital. We use our internally-developed statistical techniques to arrive at the intrinsic value of Associates First Capital based on widely used predictive technical indicators. In general, we focus on analyzing Associates Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Associates First'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 Associates First's intrinsic value. In addition to deriving basic predictive indicators for Associates First, we also check how macroeconomic factors affect Associates First price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Associates First Capital 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 Associates First 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 Associates First will appreciate offsetting losses from the drop in the long position's value.Associates First Pair Trading
Associates First Capital Pair Trading Analysis
The ability to find closely correlated positions to Associates First could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associates First 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 Associates First - 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 Associates First Capital to buy it.
The correlation of Associates First 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 Associates First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Associates First Capital 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 Associates First 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 Associates Pink Sheet Analysis
When running Associates First's price analysis, check to measure Associates First'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 Associates First is operating at the current time. Most of Associates First's value examination focuses on studying past and present price action to predict the probability of Associates First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Associates First's price. Additionally, you may evaluate how the addition of Associates First to your portfolios can decrease your overall portfolio volatility.