Axs 2x Innovation Etf Statistic Functions Beta
| TARK Etf | USD 90.22 2.55 2.91% |
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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 one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on AXS 2X Innovation correlated with the market. If Beta is less than 0 AXS 2X generally moves in the opposite direction as compared to the market. If AXS 2X Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AXS 2X Innovation is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AXS 2X is generally in the same direction as the market. If Beta > 1 AXS 2X moves generally in the same direction as, but more than the movement of the benchmark.
AXS 2X Technical Analysis Modules
Most technical analysis of AXS 2X 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 AXS from various momentum indicators to cycle indicators. When you analyze AXS 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 AXS 2X 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 AXS 2X Innovation. We use our internally-developed statistical techniques to arrive at the intrinsic value of AXS 2X Innovation based on widely used predictive technical indicators. In general, we focus on analyzing AXS Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AXS 2X'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 AXS 2X's intrinsic value. In addition to deriving basic predictive indicators for AXS 2X, we also check how macroeconomic factors affect AXS 2X price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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AXS 2X Innovation 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 AXS 2X 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 AXS 2X will appreciate offsetting losses from the drop in the long position's value.AXS 2X Pair Trading
AXS 2X Innovation Pair Trading Analysis
The ability to find closely correlated positions to AXS 2X could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXS 2X 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 AXS 2X - 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 AXS 2X Innovation to buy it.
The correlation of AXS 2X 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 AXS 2X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXS 2X Innovation 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 AXS 2X 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AXS 2X Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of AXS 2X Innovation is measured differently than its book value, which is the value of AXS that is recorded on the company's balance sheet. Investors also form their own opinion of AXS 2X's value that differs from its market value or its book value, called intrinsic value, which is AXS 2X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AXS 2X's market value can be influenced by many factors that don't directly affect AXS 2X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AXS 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXS 2X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.