UnitedHealth Group (Brazil) Statistic Functions Beta
| UNHH34 Stock | 49.49 2.02 4.26% |
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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on UnitedHealth Group correlated with the market. If Beta is less than 0 UnitedHealth Group generally moves in the opposite direction as compared to the market. If UnitedHealth Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one UnitedHealth Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of UnitedHealth Group is generally in the same direction as the market. If Beta > 1 UnitedHealth Group moves generally in the same direction as, but more than the movement of the benchmark.
UnitedHealth Group Technical Analysis Modules
Most technical analysis of UnitedHealth Group 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 UnitedHealth from various momentum indicators to cycle indicators. When you analyze UnitedHealth 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 UnitedHealth Group 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 UnitedHealth Group Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of UnitedHealth Group Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing UnitedHealth Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build UnitedHealth Group'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 UnitedHealth Group's intrinsic value. In addition to deriving basic predictive indicators for UnitedHealth Group, we also check how macroeconomic factors affect UnitedHealth Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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UnitedHealth Group 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 UnitedHealth Group 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 UnitedHealth Group will appreciate offsetting losses from the drop in the long position's value.UnitedHealth Group Pair Trading
UnitedHealth Group Incorporated Pair Trading Analysis
The ability to find closely correlated positions to UnitedHealth Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UnitedHealth Group 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 UnitedHealth Group - 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 UnitedHealth Group Incorporated to buy it.
The correlation of UnitedHealth Group 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 UnitedHealth Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UnitedHealth Group 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 UnitedHealth Group 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.Additional Information and Resources on Investing in UnitedHealth Stock
When determining whether UnitedHealth Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UnitedHealth Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Unitedhealth Group Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Unitedhealth Group Incorporated Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UnitedHealth Group Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.