Torque Lifestyle Brands Stock Statistic Functions Beta
| TQLB Stock | USD 0 0 168.75% |
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The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Torque Lifestyle Brands correlated with the market. If Beta is less than 0 Torque Lifestyle generally moves in the opposite direction as compared to the market. If Torque Lifestyle Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Torque Lifestyle Brands is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Torque Lifestyle is generally in the same direction as the market. If Beta > 1 Torque Lifestyle moves generally in the same direction as, but more than the movement of the benchmark.
Torque Lifestyle Technical Analysis Modules
Most technical analysis of Torque Lifestyle 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 Torque from various momentum indicators to cycle indicators. When you analyze Torque 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 Torque Lifestyle 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 Torque Lifestyle Brands. We use our internally-developed statistical techniques to arrive at the intrinsic value of Torque Lifestyle Brands based on widely used predictive technical indicators. In general, we focus on analyzing Torque Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Torque Lifestyle'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 Torque Lifestyle's intrinsic value. In addition to deriving basic predictive indicators for Torque Lifestyle, we also check how macroeconomic factors affect Torque Lifestyle price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Torque Lifestyle Brands 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 Torque Lifestyle 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 Torque Lifestyle will appreciate offsetting losses from the drop in the long position's value.Torque Lifestyle Pair Trading
Torque Lifestyle Brands Pair Trading Analysis
The ability to find closely correlated positions to Torque Lifestyle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Torque Lifestyle 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 Torque Lifestyle - 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 Torque Lifestyle Brands to buy it.
The correlation of Torque Lifestyle 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 Torque Lifestyle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torque Lifestyle Brands 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 Torque Lifestyle 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 Torque Pink Sheet
Torque Lifestyle financial ratios help investors to determine whether Torque Pink Sheet 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 Torque with respect to the benefits of owning Torque Lifestyle security.