Italian Thai (Thailand) Statistic Functions Pearson Correlation Coefficient
| ITD Stock | THB 0.52 0.01 1.89% |
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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 zero with a total number of output elements of sixty-one. 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 Italian Thai Develop and its benchmark or peer.
Italian Thai Technical Analysis Modules
Most technical analysis of Italian Thai 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 Italian from various momentum indicators to cycle indicators. When you analyze Italian 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 Italian Thai 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 Italian Thai Development Public. We use our internally-developed statistical techniques to arrive at the intrinsic value of Italian Thai Development Public based on widely used predictive technical indicators. In general, we focus on analyzing Italian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Italian Thai'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 Italian Thai's intrinsic value. In addition to deriving basic predictive indicators for Italian Thai, we also check how macroeconomic factors affect Italian Thai price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Italian Thai Develop 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 Italian Thai 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 Italian Thai will appreciate offsetting losses from the drop in the long position's value.Italian Thai Pair Trading
Italian Thai Development Public Pair Trading Analysis
The ability to find closely correlated positions to Italian Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Italian Thai 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 Italian Thai - 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 Italian Thai Development Public to buy it.
The correlation of Italian Thai 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 Italian Thai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Italian Thai Develop 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 Italian Thai 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 Italian Stock
Italian Thai financial ratios help investors to determine whether Italian 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 Italian with respect to the benefits of owning Italian Thai security.