Shifa International (Pakistan) Statistic Functions Beta
| SHFA Stock | 388.79 13.99 3.73% |
| Symbol |
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 Shifa International correlated with the market. If Beta is less than 0 Shifa International generally moves in the opposite direction as compared to the market. If Shifa International Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Shifa International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Shifa International is generally in the same direction as the market. If Beta > 1 Shifa International moves generally in the same direction as, but more than the movement of the benchmark.
Shifa International Technical Analysis Modules
Most technical analysis of Shifa International 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 Shifa from various momentum indicators to cycle indicators. When you analyze Shifa 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Shifa International 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 Shifa International Hospitals. We use our internally-developed statistical techniques to arrive at the intrinsic value of Shifa International Hospitals based on widely used predictive technical indicators. In general, we focus on analyzing Shifa Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Shifa International'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 Shifa International's intrinsic value. In addition to deriving basic predictive indicators for Shifa International, we also check how macroeconomic factors affect Shifa International price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Learn to be your own money manager
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.Did you try this?
Run Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Shifa International 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 Shifa International 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 Shifa International will appreciate offsetting losses from the drop in the long position's value.Shifa International Pair Trading
Shifa International Hospitals Pair Trading Analysis
The ability to find closely correlated positions to Shifa International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shifa International 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 Shifa International - 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 Shifa International Hospitals to buy it.
The correlation of Shifa International 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 Shifa International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shifa International 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 Shifa International 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 Shifa Stock
Shifa International financial ratios help investors to determine whether Shifa 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 Shifa with respect to the benefits of owning Shifa International security.