SKAGEN AVKASTNING (Norway) Statistic Functions Pearson Correlation Coefficient
| NO0008000452 | 148.40 0.02 0.01% |
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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 SKAGEN AVKASTNING and its benchmark or peer.
SKAGEN AVKASTNING Technical Analysis Modules
Most technical analysis of SKAGEN AVKASTNING 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 SKAGEN from various momentum indicators to cycle indicators. When you analyze SKAGEN 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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SKAGEN AVKASTNING 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 SKAGEN AVKASTNING 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 SKAGEN AVKASTNING will appreciate offsetting losses from the drop in the long position's value.SKAGEN AVKASTNING Pair Trading
SKAGEN AVKASTNING Pair Trading Analysis
The ability to find closely correlated positions to SKAGEN AVKASTNING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SKAGEN AVKASTNING 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 SKAGEN AVKASTNING - 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 SKAGEN AVKASTNING to buy it.
The correlation of SKAGEN AVKASTNING 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 SKAGEN AVKASTNING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SKAGEN AVKASTNING 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 SKAGEN AVKASTNING 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.| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
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